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13. True or False The Washington state Statute of Frauds lists several situations where a contract must be in writing to be enforceable. 14. Jay

13. True or False The Washington state Statute of Frauds lists several situations where a contract must be in writing to be enforceable.

14. Jay faints while visiting an amusement park, and hits his head on a wooden bench. Management of the amusement park calls an ambulance, which takes about 10 minutes to pick Jay up and then take him to the hospital for evaluation. During this 10 minutes time, Jays friend Billy-Bob has Jay sign a form, to sell his very valuable antique car (worth about $50,000) to Billy-Bob for only $2,000. Billy-Bob takes the car keys out of Jays coat, and drives off with the car. Jay is admitted to the hospital with a brain concussion, and he becomes unconscious shortly after his admittance. The next day, Jay wakes up in the hospital, but remembers nothing about where his car is, or why he has $2,000 in his pocket! A) Jay has a binding contract with Billy-Bob. B) Jay should be able to get out of this agreement based on illegality C) Jay should be able to get out of this agreement based on lack of proper form D) Jay should be able to get out of this agreement based on lack of competency

15. Based on the facts of the previous question, Jay stays in the hospital for a few days as he is recuperating. Then, a couple of weeks after he gets released from the hospital, Jay receives a bill from the hospital for $10,000 for his medical care. If this went to court, the judge would probably describe this situation as: a. a bilateral contract, enforceable against Jay. b. a unilateral contract, enforceable against Jay. c. an implied contract, enforceable against Jay. d. no contract at all. Jay should not have to pay anything.

16. In a(n) ______________ contract, each side gives the other side a promise (to do something, or not to do something), as the consideration for the contract. A. Implied B. Unilateral C. Bilateral D. Void

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