BLAW 3391 Exam 2 Mcinturff
In a unilateral contract:
-the parties exchange a promise for a promise.
-acceptance may occur through a promise or an act.
-substantially undertaking performance prevents the offeror from revoking the offer.
-the offeror may revoke the offer at any time before performance has been completed.
substantially undertaking performance prevents the offeror from revoking the offer.
We have an expert-written solution to this problem!
Which of the following creates a bilateral contract?
-lottery tickets
-a competition with prizes
-a sale of goods with payment at delivery
-reward posters
a sale of goods with payment at delivery
Don and Kim have entered into a contract for the purchase of a car. Don has paid money for the
car, but Kim has not yet delivered it. This is an:
-executory contract.
-illusory contract.
-executed contract.
-implied contract.
executory contract.
Carol and Al enter into a contract for the sale of a painting. Carol pays Al the asking price and Al
delivers to Carol the painting. This contract is an:
implied contract.
executory contract.
executed contract.
illusory contract.
,executed contract.
Zayn boards the Big Rock Metro to ride downtown to his job. Zayn gives his money to the driver
and takes his seat. Neither the driver nor Zayn says anything. Zayn and the bus driver:
have an express contract.
have no contract.
have an implied contract.
have a formal contract.
have an implied contract.
Mia contracted with Greencare Lawn Service for a pest treatment on Mia's lawn for $1,000. Pat
lives next door to Mia. Greencare mistakenly treats Pat's lawn instead of Mia's. Pat watched
them perform the treatment while looking through the window of his living room, but did not go
outside and stop them. When Greencare seeks payment from Pat, Greencare can probably
receive:
-nothing, because Greencare's contract was with Mia, not Pat.
-$1,000 from Pat, because Pat received the full value of the service.
-from Pat an amount less than the contract amount that will reimburse Greencare for expenses
incurred, in order to avoid unjust enrichment.
-$1,000 from Mia, because there was a contract.
from Pat an amount less than the contract amount that will reimburse Greencare for expenses
incurred, in order to avoid unjust enrichment.
Jones Construction Company is building a series of new subdivisions in Newtown over the next
two years. Jones enters into a verbal agreement with Harley Concrete Inc. to construct all the
driveways and sidewalks in the subdivisions that Jones will be building. Jones and Harley agree
on a price of $130 per cubic yard and that Jones will pay Harley at the end of each project.
Harley completes the first project, which is four sidewalks and sixteen driveways, and bills Jones
for the project. Jones decides that the price is too high and refuses to pay, claiming that they
have no obligation to pay because the parties did not have a valid contract. If Harley sues Jones
for payment the court would probably:
apply quasi contract theory and award the fair market value of the work that Harley completed.
hold that Harley is entitled to nothing because the contract violates the Statute of Frauds.
apply quasi contract theory and award $130 per cubic feet, the contract price, to Harley.
, hold that Harley is entitled to nothing because parties are free to terminate contracts if they so
choose.
apply quasi contract theory and award the fair market value of the work that Harley completed.
Maryanne offers to sell her 2015 Mustang convertible to April for $15,000, and April agrees to
those terms. April brings the $15,000 to Maryanne, and Maryanne promises to deliver the
Mustang to April the next day after she has it detailed. At this point, Maryanne and April have:
an executed contract.
a unilateral contract.
an executory contract.
no contract.
an executory contract.
Brindley has an old shed on her property that needs to be removed. She posts the following ad
on Facebook: "Shed needs to be gone. You take down and haul away. (Much of the wood is
reusable.) $100 to the first person to show up and haul this away." This is an example of a(n):
bilateral contract.
unconscionable contract.
illegal contract.
unilateral contract.
unilateral contract.
In general, which of these contract terms is NOT required to meet the requirement of
definiteness?
Acceptance
The subject matter of the contract
The parties involved
The time of payment
Acceptance
In general, certain terms must be included in contracts to satisfy the requirement of definiteness.
What are the exceptions to this rule? Choose 2 answer choices.
In a unilateral contract:
-the parties exchange a promise for a promise.
-acceptance may occur through a promise or an act.
-substantially undertaking performance prevents the offeror from revoking the offer.
-the offeror may revoke the offer at any time before performance has been completed.
substantially undertaking performance prevents the offeror from revoking the offer.
We have an expert-written solution to this problem!
Which of the following creates a bilateral contract?
-lottery tickets
-a competition with prizes
-a sale of goods with payment at delivery
-reward posters
a sale of goods with payment at delivery
Don and Kim have entered into a contract for the purchase of a car. Don has paid money for the
car, but Kim has not yet delivered it. This is an:
-executory contract.
-illusory contract.
-executed contract.
-implied contract.
executory contract.
Carol and Al enter into a contract for the sale of a painting. Carol pays Al the asking price and Al
delivers to Carol the painting. This contract is an:
implied contract.
executory contract.
executed contract.
illusory contract.
,executed contract.
Zayn boards the Big Rock Metro to ride downtown to his job. Zayn gives his money to the driver
and takes his seat. Neither the driver nor Zayn says anything. Zayn and the bus driver:
have an express contract.
have no contract.
have an implied contract.
have a formal contract.
have an implied contract.
Mia contracted with Greencare Lawn Service for a pest treatment on Mia's lawn for $1,000. Pat
lives next door to Mia. Greencare mistakenly treats Pat's lawn instead of Mia's. Pat watched
them perform the treatment while looking through the window of his living room, but did not go
outside and stop them. When Greencare seeks payment from Pat, Greencare can probably
receive:
-nothing, because Greencare's contract was with Mia, not Pat.
-$1,000 from Pat, because Pat received the full value of the service.
-from Pat an amount less than the contract amount that will reimburse Greencare for expenses
incurred, in order to avoid unjust enrichment.
-$1,000 from Mia, because there was a contract.
from Pat an amount less than the contract amount that will reimburse Greencare for expenses
incurred, in order to avoid unjust enrichment.
Jones Construction Company is building a series of new subdivisions in Newtown over the next
two years. Jones enters into a verbal agreement with Harley Concrete Inc. to construct all the
driveways and sidewalks in the subdivisions that Jones will be building. Jones and Harley agree
on a price of $130 per cubic yard and that Jones will pay Harley at the end of each project.
Harley completes the first project, which is four sidewalks and sixteen driveways, and bills Jones
for the project. Jones decides that the price is too high and refuses to pay, claiming that they
have no obligation to pay because the parties did not have a valid contract. If Harley sues Jones
for payment the court would probably:
apply quasi contract theory and award the fair market value of the work that Harley completed.
hold that Harley is entitled to nothing because the contract violates the Statute of Frauds.
apply quasi contract theory and award $130 per cubic feet, the contract price, to Harley.
, hold that Harley is entitled to nothing because parties are free to terminate contracts if they so
choose.
apply quasi contract theory and award the fair market value of the work that Harley completed.
Maryanne offers to sell her 2015 Mustang convertible to April for $15,000, and April agrees to
those terms. April brings the $15,000 to Maryanne, and Maryanne promises to deliver the
Mustang to April the next day after she has it detailed. At this point, Maryanne and April have:
an executed contract.
a unilateral contract.
an executory contract.
no contract.
an executory contract.
Brindley has an old shed on her property that needs to be removed. She posts the following ad
on Facebook: "Shed needs to be gone. You take down and haul away. (Much of the wood is
reusable.) $100 to the first person to show up and haul this away." This is an example of a(n):
bilateral contract.
unconscionable contract.
illegal contract.
unilateral contract.
unilateral contract.
In general, which of these contract terms is NOT required to meet the requirement of
definiteness?
Acceptance
The subject matter of the contract
The parties involved
The time of payment
Acceptance
In general, certain terms must be included in contracts to satisfy the requirement of definiteness.
What are the exceptions to this rule? Choose 2 answer choices.
