1)You get a pay check from UMass for $500. It is accidentally $100 more than you are owed. You owe your landlord $500 for rent and don't tell him that the check if $100 more than what you are owed. You negotiate the check and make it payable to your landlord. Your landlord forgets his girlfriend's birthday and signs the check over to her as a present. True or False?

2)You offer to mow my lawn for $50. I don't say anything, but take the lawn mower out of the garage and watch you mow the lawn.

Select 1 of the options: a)There is no contract because of a lack of consideration

b)I can be said to have accepted your offer

c)You cannot accept without saying yes

d)You cannot accept silently.

3)You offer to buy my car for $2,000. I accept. It turns out however, you thought that you were buying my red car and I thought your offer was on my white car. a)The contract is voidable as there was a unilateral mistake

b)The contract is valid as there is an agreement on price

c)The contract is valid as there was only a unilateral mistake

d)The contract is voidable as there was a bilateral mistake

4)I offer to sell you my house in ten days for $200,000 and you accept. We do not sign any writing. You immediately sell your house at a steep loss because you are eager to move into my house. I then tell you I am not selling

Choose one of the options:

a)You have no damages because this is land

b)You have no claims against me whatsoever as this contract must be in writing

c)You may have a quasi-contract claim against me due to your reliance upon my offer

d)None of the above

5) I order $600 worth of T-shirts from you. You breach the contract and I have to buy the same T-shirts at a cost of $800 from someone else.

Choose an option:

a)My consequential damages are $600

b)My consequential damages are $200

c)My compensatory damages are $200

d)My compensatory damages are $600