16. Donna entered into an oral contract with Ava to purchase a house from Ava, with $500 monthly payments for the next 10 years. Donna moved into the house, remodeled it, and made extensive repairs. At the end of 10 years, Ava refused to convey title to the house to Donna and produced evidence at the resulting trial that the fair market rental value for the house averaged $800 per month throughout the 10-year period. Does Donna have an enforceable contract? O A. Yes, Donna is entitled to the ownership of the house because oral contracts for the sale of land are enforceable under the Statute of Frauds. O B. No, Donna isn't entitled to the ownership of the house since she was paying below the fair value. O C. No, Donna can't claim ownership of the house since there was no written contract with Ava. O D. Yes, Donna can claim ownership of the house based on equitable estoppel. 17. Under tenant Lester's lease contract with landlord Mary, Lester must pay an extra $25 if his rent is more than five days late. This is an example of damages. O A. liquidated O B. consequential O C. nominal O D. punitive 18. Tasha phones Robert and asks if she can borrow his vacuum cleaner to clean her apartment before her parents visit. Robert agrees to this. But when Tasha goes to pick up the vacuum, Robert refuses to give it to her. Which of the following statements is true? O A. Robert has promised Tasha something of value, so he must loan her the vacuum cleaner. O B. A bargained-for exchange hasn't occurred, so Robert doesn't have to loan Tasha the vacuum cleaner. O C. A bargained-for exchange has occurred, so Robert must loan Tasha the vacuum cleaner O D. Robert has committed a breach of contract.19. Josh runs over Barbara's dog. Barbara promises not to sue Josh if he pays her $200. Josh pays $200. Then Barbara sues, claiming an agreement not to sue doesn't constitute consideration. Which of the following is true? O A. Agreement not to sue isn't consideration. O B. Agreement not to sue is consideration only if it approximates what a court would have awarded. O C. Agreement not to sue is consideration. O D. Such contracts violate public policy and therefore are unenforceable.2. Morey and Sheryl enter into a contract in which Morey agrees to pay Sheryl $40 to collect his mail while he is on a month-long vacation. Sheryl then delegates the duty to her son, Greg. In this delegation, Sheryl is the O A. assignee. O B. oblige. O C. obligor. O D. assignor. 3. At his 80th birthday party, Graham declares that Elsie is his favorite grandchild and that he will leave Elsie $100,000 on his death. Sadly, Graham dies just three days later. No provision of his will leaves Elsie the $100,000. Elsie files a breach of contract claim against Graham's estate. The most likely result is that Elsie will lose because no contract existed due to lack of O A. form and agreement. O B. contractual capacity and form. O C. agreement and consideration. O D. contractual capacity and consideration. 4. Oralia agrees to babysit Avery's daughter "when she can" if Avery promises to clean Oralia's house every week. This agreement is unenforceable because it's based on a/an O A. future gift. O B. illusory promise. O C. promissory estoppel. O D. option contract.5. Which of the following is true about the legality of an agreement? O A. The court won't enforce any agreement or contract that's either fully or partially illegal. O B. An agreement isn't divisible if the legal part of a contract can be removed from the illegal part without changing the nature of the contract. O C. A court has to enforce both the illegal and legal parts of the contract. O D. An agreement can sometimes be partly legal and partly illegal. 6. All lawn maintenance businesses must pay the state a $200 annual license fee, with no other legal regulations. ABC Yards, Inc. fails to pay the license fee. Which of the following is true in case ABC Yards fails to acquire a license because of the failure to pay the $200? O A. Only executory contracts by ABC will be voidable. O B. All contracts of ABC are voidable due to their failure to obey the regulation. O C. The lack of a license won't necessarily make a contract void. O D. The lack of a license makes the contracts void under contract laws. 8. Aspen assigns his right to receive payment from Donna to Henry. Later, Aspen assigns this same right to Doris. Doris gives notice to Donna on May 1, and Henry gives notice to Donna on May 2. Which of the following is most likely to be the court's ruling? O A. Since Henry was the first assignee, he will be given the superior right to claim Aspen's benefits. O B. Since Doris was the first to notify Donna, she will be given the right to claim the assigned benefits. O C. Henry and Doris are joint assignees and will be given equal rights to claim the assigned benefits from Donna. O D. Donna will be required to pay Aspen, who in turn will be asked to make respective payments to Doris and Henry.9. Silas, very angry because his new car broke down, yells out, "Anyone wanna buy a piece of junk for $100?" Ida overhears Silas and says, "I do; here's $100." Which of the following is true? O A. Silas must sell his car for $100 since his statement was clear and definite. O B. Silas only would have had to sell his car for $100 if he had been speaking directly to Ida. O C. Silas must sell his car for $100 because his anger conveys serious intent. O D. Silas doesn't need to sell his car for $100 since he was clearly angry. 10. Edwin, Marketing VP of Amalgamated Sales Inc. writes a letter dated August 1 to Bargain Stores Inc. offering to sell candy to Bargain Stores at $50 per case for the next 30 days. Bargain Stores then contracts with local retailers based on the offer from Amalgamated. Ten days later, Amalgamated receives an offer from Dandy Stores Inc. to purchase this same candy at a price of $75 per case. Can Amalgamated withdraw its offer to Bargain Stores? O A. No, this is only an option. O B. Yes, the offer was simply an invitation to negotiate. O C. Yes, the offer may be withdrawn since it lacks consideration. O D. No, this is a firm offer. 11. Candice hires Otto to work as a tax preparer in Candice's tax return business. The employment contract restricts the ability of Otto to set up a competing business or engage in tax preparation services if Otto leaves Candice's employ. Otto discovers he likes this kind of work and wants to set up his own tax return business. He asks you whether the restrictions in his contract with Candice will be enforceable, You should tell him that O A. any restriction regarding employment will be enforceable as long as there was adequate consideration. O B. restrictive covenants regarding future employment will be enforceable if they're reasonable. O C. any restriction regarding employment is unenforceable as against public policy. D. restrictive covenants regarding future employment will be enforceable if the value of the consideration given for the covenant equals the value of the income loss that would be caused by enforcing the agreement.12. Eloise made a contract in January that gave her until the end of the year to complete her work on a new computer system for Dexter. In mid- July, Eloise is working on the computer system. The contract in July is considered O A. executed. O B. being expressed. O C. unenforceable. O D. executory. 13. contracts for the sale of goods of $500 or more are enforceable if the contract involves specially manufactured goods that can't be resold easily. O A. Emailed O B. Oral O C. Written O D. Electronic 15. Tom and Zeke enter Into a contract for Tom to paint Zeke's house for $1,000. The contract doesn't specify a time for performance by Tom. Six years later, Tom shows up with a bucket of paint, paints the house, and demands payment. Which of the following is true? O A. The contract violates the statute of frauds. O B. Tom breached the contract because he didn't perform within a reasonable time. O C. Tom couldn't have breached the contract because the contract didn't specify a time for performance, and he did do the painting work. O D. The contract was unenforceable because it didn't specify a time for performance