MGMT 254 Exam 3 Questions with Correct Answers Latest Update 2025/2026
Which of the following is required in order to recover in quasi contract?
a. An implied or express promise
b. A valid contract
c. Acceptance or retention of a benefit conferred on the defendant by the plaintiff
d. A voidable contract - Answers c. Acceptance or retention of a benefit conferred on the
defendant by the plaintiff
Aaron's boss offers to pay him $500 if he will pretend he is sick so that he does not have to
show up for jury duty, but will go to work instead. Aaron knows that this is against the law, but
he would rather be paid $500 from his boss than the $30 that the court will pay him for jury duty.
Aaron calls in sick and is excused from jury duty. This agreement between Aaron and his boss
is:
a. a unilateral contract.
b. a bilateral contract.
c. not a contract.
d. a quasi contract - Answers c. not a contract.
A legally binding agreement that can be avoided by one of the parties is called a:
a. revocable contract.
b. an illegal contract.
c. a voidable contract.
d. a void contract. - Answers c. a voidable contract.
A valid contract is:
a. any agreement between two or more parties.
b. an agreement between two or more parties that the law will enforce.
c. an agreement where one party has to do what that party promised to do but the other party
does not.
d. an agreement that either party can get out of for any reason. - Answers b. an agreement
,between two or more parties that the law will enforce.
Mr. Smith owns an apartment complex with extensive lawns and garden areas. He enters into
an informal written contract with A1-Lawn Service to perform all of the lawns and garden work
including mowing, weeding and watering. What does the fact that it is an informal contract
mean to the parties?
a. Either party can change the terms of the contract at any time.
b. It is a legally binding contract.
c. The contract is oral, not written.
d. No contract has been formed. - Answers b. It is a legally binding contract.
What is a requirement of an express contract?
a. It is written and signed.
b. It is based on the conduct of the parties.
c. The terms are stated in words.
d. It consists of a promise in exchange for an act. - Answers c. The terms are stated in words.
The spirit of the law that underlies the concept of quasi contract is to:
a. prevent unjust enrichment.
b. prevent charitable giving.
c. discourage unilateral contracts.
d. make sure that those to voluntarily help others get paid. - Answers a. prevent unjust
enrichment.
Jennifer and Jamal are having lunch together and Jennifer mentions that she is thinking about
selling her 3 year old car. Jamal asked several questions about the car such as its gas mileage
and handling abilities and how much she might be asking for the car. At the end of lunch, Jamal
asks Jennifer to let him know if she decides to sell the vehicle and she agrees. What type of
contract is this?
a. Unilateral Contract
b. Bilateral Contract
c. Quasi Contract
d. No contract was formed - Answers d. No contract was formed
, A contract that where neither party has performed (or done what the party promised to do) is:
a. revocable contract.
b. an illegal contract.
c. unilateral.
d. executory. - Answers d. executory.
Bill surfs the net and finds a website for some awesome bikes. He notices that the bikes cost
less online than they do in the local bike store in his home town. Bill orders the bike online and
pays for it using his credit card. Bill receives an email telling him that his order has been
accepted and that the bike is being shipped. Bill then decides that he really can't afford the bike
and tries to cancel the order. He does not hear back from the seller and he sees that his credit
card has been charged for the bike. The bike arrives the next day. Bill:
a. has a legally binding agreement with the online seller that has been executed.
b. can return the bike when it arrives because he tried to cancel his order.
c. can get his money back because this was not a contract.
d. can get his money back because he did not read all of the terms of the sale that were on the
website. - Answers a. has a legally binding agreement with the online seller that has been
executed.
Mrs. Boyle contracted with All-Around-Roofing to repair and replace her entire roof for $4,000
which included labor and materials. After working off and on for 4 weeks, the contractor called
Mrs. Boyle and told her the materials she requested were going to cost more than expected and
asked if he should purchase them. Frustrated because it was taking so long, Mrs. Boyle told him
yes, go ahead. Three days later the job was completed and she got a bill for $6,000 because of
the added cost of the materials she requested. How much is Mrs. Boyle obligated to pay?
a. Only the original $4,000 as stated in the contract
b. $6,000 because she agreed to the higher price
c. $4,000 because when she agreed, she didn't realize how much it would be
d. Nothing, the roofer breached the contract and it is not invalid. - Answers b. $6,000 because
she agreed to the higher price
If both parties exchange promises, the contract is:
a. bilateral.
b. void.
Which of the following is required in order to recover in quasi contract?
a. An implied or express promise
b. A valid contract
c. Acceptance or retention of a benefit conferred on the defendant by the plaintiff
d. A voidable contract - Answers c. Acceptance or retention of a benefit conferred on the
defendant by the plaintiff
Aaron's boss offers to pay him $500 if he will pretend he is sick so that he does not have to
show up for jury duty, but will go to work instead. Aaron knows that this is against the law, but
he would rather be paid $500 from his boss than the $30 that the court will pay him for jury duty.
Aaron calls in sick and is excused from jury duty. This agreement between Aaron and his boss
is:
a. a unilateral contract.
b. a bilateral contract.
c. not a contract.
d. a quasi contract - Answers c. not a contract.
A legally binding agreement that can be avoided by one of the parties is called a:
a. revocable contract.
b. an illegal contract.
c. a voidable contract.
d. a void contract. - Answers c. a voidable contract.
A valid contract is:
a. any agreement between two or more parties.
b. an agreement between two or more parties that the law will enforce.
c. an agreement where one party has to do what that party promised to do but the other party
does not.
d. an agreement that either party can get out of for any reason. - Answers b. an agreement
,between two or more parties that the law will enforce.
Mr. Smith owns an apartment complex with extensive lawns and garden areas. He enters into
an informal written contract with A1-Lawn Service to perform all of the lawns and garden work
including mowing, weeding and watering. What does the fact that it is an informal contract
mean to the parties?
a. Either party can change the terms of the contract at any time.
b. It is a legally binding contract.
c. The contract is oral, not written.
d. No contract has been formed. - Answers b. It is a legally binding contract.
What is a requirement of an express contract?
a. It is written and signed.
b. It is based on the conduct of the parties.
c. The terms are stated in words.
d. It consists of a promise in exchange for an act. - Answers c. The terms are stated in words.
The spirit of the law that underlies the concept of quasi contract is to:
a. prevent unjust enrichment.
b. prevent charitable giving.
c. discourage unilateral contracts.
d. make sure that those to voluntarily help others get paid. - Answers a. prevent unjust
enrichment.
Jennifer and Jamal are having lunch together and Jennifer mentions that she is thinking about
selling her 3 year old car. Jamal asked several questions about the car such as its gas mileage
and handling abilities and how much she might be asking for the car. At the end of lunch, Jamal
asks Jennifer to let him know if she decides to sell the vehicle and she agrees. What type of
contract is this?
a. Unilateral Contract
b. Bilateral Contract
c. Quasi Contract
d. No contract was formed - Answers d. No contract was formed
, A contract that where neither party has performed (or done what the party promised to do) is:
a. revocable contract.
b. an illegal contract.
c. unilateral.
d. executory. - Answers d. executory.
Bill surfs the net and finds a website for some awesome bikes. He notices that the bikes cost
less online than they do in the local bike store in his home town. Bill orders the bike online and
pays for it using his credit card. Bill receives an email telling him that his order has been
accepted and that the bike is being shipped. Bill then decides that he really can't afford the bike
and tries to cancel the order. He does not hear back from the seller and he sees that his credit
card has been charged for the bike. The bike arrives the next day. Bill:
a. has a legally binding agreement with the online seller that has been executed.
b. can return the bike when it arrives because he tried to cancel his order.
c. can get his money back because this was not a contract.
d. can get his money back because he did not read all of the terms of the sale that were on the
website. - Answers a. has a legally binding agreement with the online seller that has been
executed.
Mrs. Boyle contracted with All-Around-Roofing to repair and replace her entire roof for $4,000
which included labor and materials. After working off and on for 4 weeks, the contractor called
Mrs. Boyle and told her the materials she requested were going to cost more than expected and
asked if he should purchase them. Frustrated because it was taking so long, Mrs. Boyle told him
yes, go ahead. Three days later the job was completed and she got a bill for $6,000 because of
the added cost of the materials she requested. How much is Mrs. Boyle obligated to pay?
a. Only the original $4,000 as stated in the contract
b. $6,000 because she agreed to the higher price
c. $4,000 because when she agreed, she didn't realize how much it would be
d. Nothing, the roofer breached the contract and it is not invalid. - Answers b. $6,000 because
she agreed to the higher price
If both parties exchange promises, the contract is:
a. bilateral.
b. void.
