BLAW FINAL EXAM UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
Question:
1. Austin tells Linda, "If you do a good job landscaping my
yard this summer I will pay you a $10,000 bonus." If there
IS contract consideration in this scenario choose TRUE. If
NOT then choose FALSE.
Answer:
False
Question:
2. Danny tells Mike, "I promise to Pay you $5,000 bonus if
you promise to renovate my party barn." Contract
consideration TRUE.
If not FALSE
Answer:
True
Question:
3. Uncle Hamer say to Nephew, "Since you quit smoking last
month I promise to pay you $1,000." IS- TRUE. ISNT- False
Answer:
False
Question:
4. Jack is texting while driving and negligently collides with
Jill, destroying her car and causing her serious injuries.
Jack's insurance company tells Jill, "We'll pay you
$500,000 today if you promise not to sue us in any court
over this accident." IS- True. ISNT- False
Answer:
True
, Question:
5. Justin contracts to paint Alan's house next week for
$5,000. Before Justin gets started Sam offers Justin
$10,000 if Justin will paint Sam's house next week. Justin
would really rather work for Alan, but he can't pass up the
extra money Sam is offering. Because Alan really wants
his house painted next week Justin makes a new
Agreement with Alan in which Justin contracts to paint
Alan's house next week for $10,000. IS- True. ISNT- False
Answer:
False
Question:
6. Dexter tells his daughter Caitlyn, "I promise to give you
$2,000 for your birthday next week." IS- TRUE. ISNT-
False
Answer:
False
Question:
7. Rex is unexpectedly detained all summer in Iran as a
suspected terrorist. His next door neighbor Donald cuts
Rex's grass all summer since Rex didn't expect to be gone
so long. When Rex is released and comes home in the fall
he is relieved that his neighbor Donald cut his grass for
him. Rex says to Donald, "in return for you cutting my
grass all summer I promise to give you $1,500 next Friday
on payday." IS- True. ISNT- False
Answer:
False
Question:
8. Bill pays Jennifer $500 for her bicycle, which Jennifer had
received as a gift from her father. IS- True. ISNT- False
Answer:
True
AND CORRECT ANSWERS
Question:
1. Austin tells Linda, "If you do a good job landscaping my
yard this summer I will pay you a $10,000 bonus." If there
IS contract consideration in this scenario choose TRUE. If
NOT then choose FALSE.
Answer:
False
Question:
2. Danny tells Mike, "I promise to Pay you $5,000 bonus if
you promise to renovate my party barn." Contract
consideration TRUE.
If not FALSE
Answer:
True
Question:
3. Uncle Hamer say to Nephew, "Since you quit smoking last
month I promise to pay you $1,000." IS- TRUE. ISNT- False
Answer:
False
Question:
4. Jack is texting while driving and negligently collides with
Jill, destroying her car and causing her serious injuries.
Jack's insurance company tells Jill, "We'll pay you
$500,000 today if you promise not to sue us in any court
over this accident." IS- True. ISNT- False
Answer:
True
, Question:
5. Justin contracts to paint Alan's house next week for
$5,000. Before Justin gets started Sam offers Justin
$10,000 if Justin will paint Sam's house next week. Justin
would really rather work for Alan, but he can't pass up the
extra money Sam is offering. Because Alan really wants
his house painted next week Justin makes a new
Agreement with Alan in which Justin contracts to paint
Alan's house next week for $10,000. IS- True. ISNT- False
Answer:
False
Question:
6. Dexter tells his daughter Caitlyn, "I promise to give you
$2,000 for your birthday next week." IS- TRUE. ISNT-
False
Answer:
False
Question:
7. Rex is unexpectedly detained all summer in Iran as a
suspected terrorist. His next door neighbor Donald cuts
Rex's grass all summer since Rex didn't expect to be gone
so long. When Rex is released and comes home in the fall
he is relieved that his neighbor Donald cut his grass for
him. Rex says to Donald, "in return for you cutting my
grass all summer I promise to give you $1,500 next Friday
on payday." IS- True. ISNT- False
Answer:
False
Question:
8. Bill pays Jennifer $500 for her bicycle, which Jennifer had
received as a gift from her father. IS- True. ISNT- False
Answer:
True
