BUL 3320 EXAM 2 REVIEW
QUESTIONS AND ANSWERS
bilateral - Correct Answers -A contract is ____________ if the offeror's promise is
answered with the offeree's promise of acceptance.
bilateral contract - Correct Answers -if there is any ambiguity to the language of the
offeror's promise, it is presumed to be a ___________ .
True - Correct Answers -no act of performance is necessary to create a bilateral
contract. True or False?
bilateral contract. It was created the moment that the painter promised to paint the
store. Painter can be sued if the store isn't painted by the deadline, and the customer
can also be sued if the painter isn't paid. - Correct Answers -"If you promise to paint my
store by July 1st, I will pay you $3000. Painter says, "I promise to do so." what is this an
example of?
unilateral contract - Correct Answers -a contract is ___________ if the offeror's offer
can be accepted only by the performance of an act by an offeree. There is no contract
until the offeree performs the requested act.
unilateral contract - Correct Answers -An offer to create a __________ cannot be
accepted by a promise to perform. It is a "promise for an act."
quasi-contract - Correct Answers -an equitable doctine whereby a court may award
monetary damages to a plaintiff for providing work or services to a defendant even
though no actual contract existed.
quasi-contract - Correct Answers -This doctrine is intended to prevent unjust enrichment
and unjust retirement.
quasi-contract - Correct Answers -A ____________ ___________ is imposed where (1)
one person confers a benefit on another, who retains the benefit, and (2) it would be
unjust to not require that person to pay for the benefit recovered.
, True - Correct Answers -Implied-in-Law Contract is also called Quasi-Contract. True or
False?
Yes. Under the doctrine of quasi-contract, victim is responsible for any charges that are
not covered by her insurance coverage. - Correct Answers -Victim of a car accident is
knocked unconscious and rushed to the hospital, and doctors perform the necessary
actions to save the victims life. The victim wakes up from a coma only to see bills from
the hospital. Are these charges reasonable?
bilateral contract - Correct Answers -a promise for a promise
unilateral contract - Correct Answers -a promise for an act
express contract - Correct Answers -a contract expressed in oral or written words
implied-in-fact contract - Correct Answers -a contract inferred from the conduct of the
parties
implied-in-law contract (quasi-contract) - Correct Answers -a contract implied by law to
prevent unjust enrichment
formal contract - Correct Answers -a contract that requires a special form or method of
creation
informal contract - Correct Answers -a contract that requires no special form or method
of creation
executed contract - Correct Answers -a completed contract that has been fully
performed on both sides
executory contract - Correct Answers -a contract that has not been performed on both
sides
executory contracts - Correct Answers -contracts that have been fully performed by one
side but not by the other are classified as .....
actual contract - Correct Answers -a ____________ contract may be either expressed
or implied-in-fact.
express contract - Correct Answers -most personal and business contracts; stated in
oral or written form........
express contract - Correct Answers -a written agreement to buy an automobile from a
dealership is a __________ contract because it is in written words
QUESTIONS AND ANSWERS
bilateral - Correct Answers -A contract is ____________ if the offeror's promise is
answered with the offeree's promise of acceptance.
bilateral contract - Correct Answers -if there is any ambiguity to the language of the
offeror's promise, it is presumed to be a ___________ .
True - Correct Answers -no act of performance is necessary to create a bilateral
contract. True or False?
bilateral contract. It was created the moment that the painter promised to paint the
store. Painter can be sued if the store isn't painted by the deadline, and the customer
can also be sued if the painter isn't paid. - Correct Answers -"If you promise to paint my
store by July 1st, I will pay you $3000. Painter says, "I promise to do so." what is this an
example of?
unilateral contract - Correct Answers -a contract is ___________ if the offeror's offer
can be accepted only by the performance of an act by an offeree. There is no contract
until the offeree performs the requested act.
unilateral contract - Correct Answers -An offer to create a __________ cannot be
accepted by a promise to perform. It is a "promise for an act."
quasi-contract - Correct Answers -an equitable doctine whereby a court may award
monetary damages to a plaintiff for providing work or services to a defendant even
though no actual contract existed.
quasi-contract - Correct Answers -This doctrine is intended to prevent unjust enrichment
and unjust retirement.
quasi-contract - Correct Answers -A ____________ ___________ is imposed where (1)
one person confers a benefit on another, who retains the benefit, and (2) it would be
unjust to not require that person to pay for the benefit recovered.
, True - Correct Answers -Implied-in-Law Contract is also called Quasi-Contract. True or
False?
Yes. Under the doctrine of quasi-contract, victim is responsible for any charges that are
not covered by her insurance coverage. - Correct Answers -Victim of a car accident is
knocked unconscious and rushed to the hospital, and doctors perform the necessary
actions to save the victims life. The victim wakes up from a coma only to see bills from
the hospital. Are these charges reasonable?
bilateral contract - Correct Answers -a promise for a promise
unilateral contract - Correct Answers -a promise for an act
express contract - Correct Answers -a contract expressed in oral or written words
implied-in-fact contract - Correct Answers -a contract inferred from the conduct of the
parties
implied-in-law contract (quasi-contract) - Correct Answers -a contract implied by law to
prevent unjust enrichment
formal contract - Correct Answers -a contract that requires a special form or method of
creation
informal contract - Correct Answers -a contract that requires no special form or method
of creation
executed contract - Correct Answers -a completed contract that has been fully
performed on both sides
executory contract - Correct Answers -a contract that has not been performed on both
sides
executory contracts - Correct Answers -contracts that have been fully performed by one
side but not by the other are classified as .....
actual contract - Correct Answers -a ____________ contract may be either expressed
or implied-in-fact.
express contract - Correct Answers -most personal and business contracts; stated in
oral or written form........
express contract - Correct Answers -a written agreement to buy an automobile from a
dealership is a __________ contract because it is in written words
