Quiz 2 MindTap Test Questions and Answers Rated A
Sara enters into a contract to sell her condo to breached.*
Ted for a certain price on a specific day. On that b. rescinded.
day, Sara unconditionally offers to perform. c. suspended.
Sara's offer - ANSWER -a. excuses the d. discharged.
parties' performance under the contract.
b. conditions Ted's promise to pay for the
property. Lyle and Miranda agree that Lyle will fix the
c. suspends the parties' contractual obligations. refrigeration unit in Miranda's Bagel Café in
*d. constitutes tender of performance.* exchange for her payment of a debt that Lyle
owes to New Credit Corporation. Under this
contract, the intended beneficiary is -
Vin admires Will's collection of vinyl records. Vin ANSWER -a. Miranda.
asks, "Will you sell it?" This statement is - b. any customer of Miranda's.
ANSWER -a. an invitation to negotiate, not *c. New Credit.*
an offer. d. Lyle.
b. an offer.
*c. a request, not an offer.*
d. an expression of intent, not an offer. Pastries Inc. sends Rollo its catalogue
showcasing a variety of baked goods for certain
prices. This is - ANSWER -*a. an
Luke puts his motorcycle up for sale via a post advertisement, not an offer.*
on an online auction site. This is - b. an invitation to negotiate, not an offer.
ANSWER -a. a statement of future intent, c. an offer.
not an offer. d. a request, not an offer.
b. a preliminary negotiation, not an offer.
c. an offer.
*d. an invitation to negotiate, not an offer.* Restore Inc. contracts to resurface the pools at
Swim Park by June 1. Restore knows that if
performance is not timely, Swim Park will have to
If a contract between two parties is avoided - delay its seasonal opening. Restore finishes the
ANSWER -a. both parties must fully job June 15. In a suit for breach, Swim Park can
perform their obligations under it. recover - ANSWER -*a. the loss of profit
b. the parties are bound to negotiate another from the delayed opening.*
contract on the same subject. b. nothing—the work is done.
*c. both parties are released from it.* c. the cost of new pools.
d. the parties' contractual obligations are d. the difference between the contract and
postponed. market prices for the work.
Bottling Company enters into a contract with Cathy agrees to sell her Daily Donut shop to
Chug's Brewery to provide certain bottling and Ernie. In the agreement, there is a covenant not
delivery services. Before Bottling starts to work, to compete that prohibits Cathy from operating a
the market price rises for the fuel for glass ovens. donut shop within a certain distance. If the
Bottling tells Chug's that due to the added cost it restriction is unreasonable, a court will most likely
will not perform their deal. Bottling's contractual - ANSWER -a. order Ernie to stop doing
obligation to Chug's is - ANSWER -*a. business.
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Sara enters into a contract to sell her condo to breached.*
Ted for a certain price on a specific day. On that b. rescinded.
day, Sara unconditionally offers to perform. c. suspended.
Sara's offer - ANSWER -a. excuses the d. discharged.
parties' performance under the contract.
b. conditions Ted's promise to pay for the
property. Lyle and Miranda agree that Lyle will fix the
c. suspends the parties' contractual obligations. refrigeration unit in Miranda's Bagel Café in
*d. constitutes tender of performance.* exchange for her payment of a debt that Lyle
owes to New Credit Corporation. Under this
contract, the intended beneficiary is -
Vin admires Will's collection of vinyl records. Vin ANSWER -a. Miranda.
asks, "Will you sell it?" This statement is - b. any customer of Miranda's.
ANSWER -a. an invitation to negotiate, not *c. New Credit.*
an offer. d. Lyle.
b. an offer.
*c. a request, not an offer.*
d. an expression of intent, not an offer. Pastries Inc. sends Rollo its catalogue
showcasing a variety of baked goods for certain
prices. This is - ANSWER -*a. an
Luke puts his motorcycle up for sale via a post advertisement, not an offer.*
on an online auction site. This is - b. an invitation to negotiate, not an offer.
ANSWER -a. a statement of future intent, c. an offer.
not an offer. d. a request, not an offer.
b. a preliminary negotiation, not an offer.
c. an offer.
*d. an invitation to negotiate, not an offer.* Restore Inc. contracts to resurface the pools at
Swim Park by June 1. Restore knows that if
performance is not timely, Swim Park will have to
If a contract between two parties is avoided - delay its seasonal opening. Restore finishes the
ANSWER -a. both parties must fully job June 15. In a suit for breach, Swim Park can
perform their obligations under it. recover - ANSWER -*a. the loss of profit
b. the parties are bound to negotiate another from the delayed opening.*
contract on the same subject. b. nothing—the work is done.
*c. both parties are released from it.* c. the cost of new pools.
d. the parties' contractual obligations are d. the difference between the contract and
postponed. market prices for the work.
Bottling Company enters into a contract with Cathy agrees to sell her Daily Donut shop to
Chug's Brewery to provide certain bottling and Ernie. In the agreement, there is a covenant not
delivery services. Before Bottling starts to work, to compete that prohibits Cathy from operating a
the market price rises for the fuel for glass ovens. donut shop within a certain distance. If the
Bottling tells Chug's that due to the added cost it restriction is unreasonable, a court will most likely
will not perform their deal. Bottling's contractual - ANSWER -a. order Ernie to stop doing
obligation to Chug's is - ANSWER -*a. business.
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