Multiple Choice Question
1. Mark, a newspaper editor, walks into the newsroom and announces to a group of five reporters: “I’ll pay a $2,000 bonus to the first reporter who finds definitive evidence that Senator Blue smoked marijuana at the celebrity party last Friday.” Anna, the first reporter to produce the evidence, claims her bonus based on
A. Unilateral contract.
B. Promissory estoppel.
C. Quasi-contract.
D. Implied contract.
E. Express contract.
2. Raul has finished the computer installation he promised to perform for Tanya, and she has paid him in full. This is
A. An express contract.
B. An implied contract.
C. An executed contract.
D. A bilateral contract.
E. No contract.
3. Alejandro sees an ad in the newspaper, with a beautiful sweater pictured: “Versace sweaters, normally $600, today only: $300.” He phones the store and says that he wants two sweaters, a black one and a gray one. When he arrives at the store, the sweaters are sold out. He sues, based on a contract. Alejandro will
A. Win, because the store never revoked its offer.
B. Win, because he accepted within a reasonable time.
C. Win, because there was a meeting of the minds.
D. Lose, because he needed to accept in person.
E. Lose, because the store never made an offer.
4. On Monday night, Louise is talking on her cell phone with Bill. “I’m desperate for a manager in my store,” says Louise. “I’ll pay you $45,000 per year, if you can start tomorrow morning. What do you say?” “It’s a deal,” says Bill. “I can start tomorrow at 8 a.m. I’ll take $45,000 and I also want 10 percent of any profits you make above last year’s.” Just then Bill loses his cell phone signal. The next morning he shows up at the store, but Louise refuses to hire him. Bill sues. Bill will
A. Win, because there was a valid offer and acceptance.
B. Win, based on promissory estoppel.
C. Lose, because he rejected the offer.
D. Lose, because the agreement was not put in writing.
E. Lose, because Louise revoked the offer.
5. At Lorenza’s 90th birthday party, she gives a speech to the 25 guests, praising her maid, Anna. “Anna has worked faithfully for me for 55 years. In appreciation, next week I am going to give Anna $100,000.” Anna is ecstatic, but next week, Lorenza changes her mind. Is Anna entitled to the money?
A. Yes, provided the witnesses agree she made the promise.
B. Yes, provided Lorenza intended to make the gift.
C. Yes, because there is adequate consideration: Anna’s work and Lorenza’s promise.
D. Yes, provided Lorenza actually has the money.
E. No.