Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

18. Which of the following oral contracts may be enforceable? A. Nathan owes $1,000 in back rent to his landlord. Miranda tells Nathan not to

18. Which of the following oral contracts may be enforceable?

A. Nathan owes $1,000 in back rent to his landlord. Miranda tells Nathan not to worry about it, she'll pay his debt for him.

B. Kenny orally agrees to purchase 5,000 pencils that the ABC Pencil Company stamps with the words "Kenny is the Greatest!"

C. Mrs. Washington calls the corner grocery and places an order for a loaf of bread, a gallon of milk, and a pound of hamburger to be delivered to her. Ten minutes later, before the store has a chance to put together her items, she calls to cancel the order.

D. All of these are correct.

22. Christine agrees to marry Barry after he tells her he will buy her a brand-new Rolls Royce within a year of their marriage. After they are wed, Barry refuses to give her the car. What will happen if Christine sues Barry?

A. She will win because of the "one-year rule."

B. She will lose because a promise made in consideration of marriage must be in writing.

C. She will win because a spouse is legally required to keep the promises made to his/her partner.

D. She will lose because Barry's promise of a car is a collateral promise, which must be in writing.

31. Lawrence took out a life insurance policy in which his daughter, Madeline, is named as a beneficiary. Madeline is

A. a promisor.

B. an obligor.

C. an intentional beneficiary.

D. an incidental beneficiary.

34. Martina hired Alexander to renovate her home and specifies that Alexander use Spiffy Painting for all the painting because of Spiffy's excellent reputation. In this case, Spiffy is a(n)

A. creditor beneficiary.

B. incidental beneficiary.

C. intended beneficiary.

D. debtor beneficiary.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Maintenance Audits Handbook A Performance Measurement Framework

Authors: Diego Galar Pascual, Uday Kumar

1st Edition

1466583916, 978-1466583917

More Books

Students also viewed these Accounting questions