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1. During a fundraising telethon for the YWCA, Mrs. Goodinow promised to contribute $5,000 to the organization. Later she incurred some unexpected debts and wished to cancel her pledge. Can the fund successfully sue to enforce the promised contribution?

a. No because the YWCA gave no consideration for Mrs. Goodinow's contribution. b. No because pledges are made on a voluntary basis. c. Yes because this type of promise needs no consideration to be binding.

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2. Paul had a terrible toothache while he was at work. He went to a dentist's office near his workplace. The dentist was able to see Paul without an appointment, and fixed the problem. As Paul was leaving, the receptionist handed him a bill for $75. Paul refused to pay claiming that no contract existed requiring him to pay. Which of the following is true? a. Paul is not liable for the bill since he never made an offer for the dentist to accept. b. Paul is not liable because the dentist did not make an offer. c. Paul is liable based on an express contract. d. Paul is liable based on an implied contract.

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3. Which of the following will cause an offer to terminate? a. Death of the offeror. b. Destruction of the subject matter. c. The offeror goes out of town for two weeks immediately after making the offer. d. Two of the above.

e. All of the above.

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4. Trevor was mentally incompetent. His mother pursued a court proceeding in which Trevor was adjudicated by a judge to be incompetent and his parents were appointed his committee. Thereafter what is the status of contracts Trevor enters? a. They are valid. b. They are voidable. c. They are void.

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5. Cerise was shopping at a department store. She selected certain merchandise and took it to the cashier. The cashier noticed that the price sticker on one of the items was incorrect and refused to sell the item to Cerise at the price stated on the sticker. The actual price was several dollars higher. Is Cerise legally entitled to buy the item at the pricer on the sticker? a. Yes b. No.

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