BLAW EXAM 3 LSU FRY Study Guide
Questions 2025-2026 With All
Correct/Verified Answers.
Aunt Ellie promises her 21-year-old nephew, Robbie, that she will pay him $100 if he quits
smoking for a month. If Robbie does, is there a binding contract? - Answer Yes, because
Robbie gave up a legal right
Janet promises Eli $4,000 for one of his original paintings on the condition that she receive $1
million from her mother's will. - Answer Janet's promise is legally sufficient unless Janet
knew at the time she made the promise that she could not inherit the $1 million.
Stan purchased 400 pairs of gloves from Isaac at a contract price of $800. Fifty of the gloves
were defective, and a dispute arose as to the amount due and owing under the contract. Stan
refuses to pay the $800, and Isaac is threatening to sue. Which of the following is correct with
regard to this transaction? - Answer If Isaac agrees to accept $600 to settle the dispute and
Stan agrees to pay that amount, the substitute agreement is enforceable.
Which of the following would most likely be enforceable? - Answer A substitute agreement
to settle an undisputed debt
Marilyn contracted with Bravo Builders to build an addition to her house for $15,000. After
digging the foundation, Bravo decides that it will take more work and more concrete than it had
originally thought and that it will need to charge an additional $5,000 for the job. Assuming
Marilyn agrees, which of the following is correct? - Answer This is a modification of a
preexisting contract, which under common law must be supported by additional consideration
on the part of Bravo Builders.
Carlos ordered an aluminum storm door for $249.99. Before it was delivered, the same store
from which he ordered the door ran an ad in the paper for the same storm door at $179.99.
Carlos calls the store and demands the advertised price. They say okay. - Answer Carlos must
pay $179.99.
Mary agrees to sew Georgia's prom dress for $50 plus costs. Georgia decides that she wants
ruffles around the neck and calls Mary who says it will now cost $60. When Mary finishes the
dress (with ruffles), Georgia must pay: - Answer $60, since the modified agreement is
supported by additional consideration.
,now, they will forgive the loan. Should Sue accept the offer? - Answer Yes, because the early
payment of the loan is consideration that makes the bank's promise binding
Jack moved from New Hampshire to Florida and decided to have an air conditioner installed in
his car. After it was installed, Jack received a bill for $1,200. Jack called the dealer and told him
he'd never heard of this service costing more than $500. They argued, but the dealer finally
agreed to take $900. Is the agreement enforceable? - Answer Yes, there is consideration for
the modified amount
Wayne helped Hank study all night for an important exam. After Hank got an A on the exam, he
told Wayne, "I will give you $10 for helping me get a good grade." Wayne said, "Thanks, I'll take
it." - Answer There is no contract because there is no valid consideration.
Rob repairs a door for Howard. In return, Howard is supposed to pay Rob $75 on November 1 at
Howard's house. Which of the following would constitute legally sufficient consideration? -
Answer Howard pays Rob $60 on November 1 but, after checking with Rob, brings payment
to Rob's house.
Which of the following are the two basic elements to consideration? - Answer Bargained-for
exchange and legal sufficiency
Which of the following is enforceable without consideration? - Answer A new promise to pay
a debt barred by the statute of limitations.
Alice says to Brian, "If I decide to buy a word processor next year, I will buy it from you." This is
an example of: - Answer an illusory promise.
Nancy, who lives in Birdville, wants to open a McHenry Roast Chicken franchise. Mark, a
representative of McHenry, told Nancy, "If you will buy a lot and build a building in River City, we
will give you a franchise." Nancy bought the lot and built the building as instructed, only to
discover that McHenry had awarded the franchise to a large corporation. McHenry claims no
liability to Nancy since there was no consideration. Which statement is most accurate? - Answer
McHenry is liable to Nancy based on the concept of promissory estoppel.
Which of the following statements is most accurate concerning charitable subscription
promises? - Answer They are generally enforceable if there is reliance by the charity.
, A purchaser's agreement to buy from a particular seller all the materials of a particular kind he
needs is a(n) ____ contract. - Answer requirements
Darla offers to pay Edward $6,000 for Edward's car, provided that Darla receives that much from
her uncle's estate, which is currently being probated. She expects to know for sure how much
she will receive within a week or so. - Answer -The consideration moving from Darla to
Edward is the promise of $6,000 subject to a condition.
-Darla's conditional promise is sufficient consideration unless Darla knows she cannot receive at
least $6,000 from her uncle's estate.
Jason's mother would like him to go to college, so in June he enrolls at State University. He also
quits his job and tells his mother his plans to continue taking classes. His mother says, "I'm so
happy that you are going to college that I want to pay for your books." Jason then sends her a
bill for $485. Which of the following is true regarding his mother's promise? - Answer It is
unenforceable, because Jason had already enrolled in school and there is no consideration.
Which of the following requires consideration in order to be binding upon the parties? - Answer
Material alteration of a personal service contract
A bank robbery has occurred, and the banker's association has offered a $1,000 reward for
information leading to the arrest and conviction of the robber. Several people are claiming to be
entitled to the money. Which of them is eligible? - Answer An off-duty deputy sheriff from a
county other than the one where the arrest occurred
In which of the following situations will a smaller sum be unable to discharge a larger debt? -
Answer If the smaller sum is paid when the larger sum would ordinarily be due, but the
debtor is on the verge of insolvency
Andrew agrees to paint Betty's house for $500. Two days after he starts the job, he decides that
$500 isn't enough money. He refuses to finish the job unless Betty agrees to pay him $100
more. What law applies to this fact situation? - Answer Andrew gives no additional
consideration in return for modification of a preexisting contract.
William agrees to drill a well up to 200 feet deep for John's rural cabin. The contract price is
$3,000. After drilling 100 feet, William strikes solid granite rock. He talks to John and explains
that this is highly unusual for the area and could not have been anticipated at the time of
entering into the contract. He offers to get a special drill, but says it will cost him more money,
Questions 2025-2026 With All
Correct/Verified Answers.
Aunt Ellie promises her 21-year-old nephew, Robbie, that she will pay him $100 if he quits
smoking for a month. If Robbie does, is there a binding contract? - Answer Yes, because
Robbie gave up a legal right
Janet promises Eli $4,000 for one of his original paintings on the condition that she receive $1
million from her mother's will. - Answer Janet's promise is legally sufficient unless Janet
knew at the time she made the promise that she could not inherit the $1 million.
Stan purchased 400 pairs of gloves from Isaac at a contract price of $800. Fifty of the gloves
were defective, and a dispute arose as to the amount due and owing under the contract. Stan
refuses to pay the $800, and Isaac is threatening to sue. Which of the following is correct with
regard to this transaction? - Answer If Isaac agrees to accept $600 to settle the dispute and
Stan agrees to pay that amount, the substitute agreement is enforceable.
Which of the following would most likely be enforceable? - Answer A substitute agreement
to settle an undisputed debt
Marilyn contracted with Bravo Builders to build an addition to her house for $15,000. After
digging the foundation, Bravo decides that it will take more work and more concrete than it had
originally thought and that it will need to charge an additional $5,000 for the job. Assuming
Marilyn agrees, which of the following is correct? - Answer This is a modification of a
preexisting contract, which under common law must be supported by additional consideration
on the part of Bravo Builders.
Carlos ordered an aluminum storm door for $249.99. Before it was delivered, the same store
from which he ordered the door ran an ad in the paper for the same storm door at $179.99.
Carlos calls the store and demands the advertised price. They say okay. - Answer Carlos must
pay $179.99.
Mary agrees to sew Georgia's prom dress for $50 plus costs. Georgia decides that she wants
ruffles around the neck and calls Mary who says it will now cost $60. When Mary finishes the
dress (with ruffles), Georgia must pay: - Answer $60, since the modified agreement is
supported by additional consideration.
,now, they will forgive the loan. Should Sue accept the offer? - Answer Yes, because the early
payment of the loan is consideration that makes the bank's promise binding
Jack moved from New Hampshire to Florida and decided to have an air conditioner installed in
his car. After it was installed, Jack received a bill for $1,200. Jack called the dealer and told him
he'd never heard of this service costing more than $500. They argued, but the dealer finally
agreed to take $900. Is the agreement enforceable? - Answer Yes, there is consideration for
the modified amount
Wayne helped Hank study all night for an important exam. After Hank got an A on the exam, he
told Wayne, "I will give you $10 for helping me get a good grade." Wayne said, "Thanks, I'll take
it." - Answer There is no contract because there is no valid consideration.
Rob repairs a door for Howard. In return, Howard is supposed to pay Rob $75 on November 1 at
Howard's house. Which of the following would constitute legally sufficient consideration? -
Answer Howard pays Rob $60 on November 1 but, after checking with Rob, brings payment
to Rob's house.
Which of the following are the two basic elements to consideration? - Answer Bargained-for
exchange and legal sufficiency
Which of the following is enforceable without consideration? - Answer A new promise to pay
a debt barred by the statute of limitations.
Alice says to Brian, "If I decide to buy a word processor next year, I will buy it from you." This is
an example of: - Answer an illusory promise.
Nancy, who lives in Birdville, wants to open a McHenry Roast Chicken franchise. Mark, a
representative of McHenry, told Nancy, "If you will buy a lot and build a building in River City, we
will give you a franchise." Nancy bought the lot and built the building as instructed, only to
discover that McHenry had awarded the franchise to a large corporation. McHenry claims no
liability to Nancy since there was no consideration. Which statement is most accurate? - Answer
McHenry is liable to Nancy based on the concept of promissory estoppel.
Which of the following statements is most accurate concerning charitable subscription
promises? - Answer They are generally enforceable if there is reliance by the charity.
, A purchaser's agreement to buy from a particular seller all the materials of a particular kind he
needs is a(n) ____ contract. - Answer requirements
Darla offers to pay Edward $6,000 for Edward's car, provided that Darla receives that much from
her uncle's estate, which is currently being probated. She expects to know for sure how much
she will receive within a week or so. - Answer -The consideration moving from Darla to
Edward is the promise of $6,000 subject to a condition.
-Darla's conditional promise is sufficient consideration unless Darla knows she cannot receive at
least $6,000 from her uncle's estate.
Jason's mother would like him to go to college, so in June he enrolls at State University. He also
quits his job and tells his mother his plans to continue taking classes. His mother says, "I'm so
happy that you are going to college that I want to pay for your books." Jason then sends her a
bill for $485. Which of the following is true regarding his mother's promise? - Answer It is
unenforceable, because Jason had already enrolled in school and there is no consideration.
Which of the following requires consideration in order to be binding upon the parties? - Answer
Material alteration of a personal service contract
A bank robbery has occurred, and the banker's association has offered a $1,000 reward for
information leading to the arrest and conviction of the robber. Several people are claiming to be
entitled to the money. Which of them is eligible? - Answer An off-duty deputy sheriff from a
county other than the one where the arrest occurred
In which of the following situations will a smaller sum be unable to discharge a larger debt? -
Answer If the smaller sum is paid when the larger sum would ordinarily be due, but the
debtor is on the verge of insolvency
Andrew agrees to paint Betty's house for $500. Two days after he starts the job, he decides that
$500 isn't enough money. He refuses to finish the job unless Betty agrees to pay him $100
more. What law applies to this fact situation? - Answer Andrew gives no additional
consideration in return for modification of a preexisting contract.
William agrees to drill a well up to 200 feet deep for John's rural cabin. The contract price is
$3,000. After drilling 100 feet, William strikes solid granite rock. He talks to John and explains
that this is highly unusual for the area and could not have been anticipated at the time of
entering into the contract. He offers to get a special drill, but says it will cost him more money,
