I need an answer for the below multiple choice questions please. This is for Buisness Law Course.

Blue Ivy was about to turn 18 and her father Jay-Z promised to have a shiny new car at the curb on the morning of her milestone birthday. When an excited Blue Blue woke up, no car was at the curb. Blue turned to Jay-Z requesting the car. He said he did not buy her any such car. Blue threatened to sue. What is the likely outcome? a. Blue had no contract because a gift cannot be used as consideration. b. Blue will sue in court and win because it is Jay-Zs moral obligation to buy his daughter a car. c. Blue had an oral agreement and it will be upheld. d. Blue will lose because her mother can buy her a car.

Acceptance a. May be inferred from conduct b. Must be in writing to be valid c. Must always be my mail d. Must contain specific terminology to be valid

Nelly wants to buy a new boat. He doesn't have enough cash to pay for, it so he decides to take out a loan. The loan states the offered price and includes other important things like the payments, the term of the loan and Nellys signature. This is what type of contract? a. Implied contract b. Expressed contract c. Quasi-contract d. Bilateral contract

Simone has her eye on a sporty new car. She is only 17 but will be 18 in a few days. She signed up for a really affordable car loan, which will take her several years to pay off. She doesn't care, because she looks like a spitfire in the car. When she figured out her budget, the car did not fit into it. So, she waited until the weekend passed and then contacted the dealer to return the car. Unfortunately, her 18th birthday also passed. Can she return the car? a. Yes, because she was not in her right mind at the time of the contract. b. No, because she waited until she turned 18 to do anything about the contract. c. Yes, because she was a minor at the time. d. No, because she said she could afford it.

After a few cocktails at the bar, Sandy and Millie decide to go into business together. They draft a contract and begin planning their finances. The next day Sandy decides she wants out. The court will most likely consider: a. Whether Sandy suffers mental illness. b. Whether Sandy has the means to enter into the business. c. How much Sandy drank when she went into the contract. d. Whether Millie is mentally ill.

When will the courts presume that there has been undue influence is the signing of a contract? (4 points) a. Where there is a fiduciary relationship with the party against whom the undue influence is alleged. b. In all contracts made between a married couple (or co-habiting partners). c. The courts will not presume undue influence. The party alleging undue influence must prove it has occurred. d. Where the contract is oral.

Prince offered to sell a few records to Neyo the sum of $550,000. Neyo was extremely excited because Prince was his idol. He was going to renovate a room in his house to listen to his new Prince records. However, by the time the paperwork was complete, Prince died prior to the transaction. Can this contract be terminated? a. Yes, because Prince died prior to acceptance. b. No, because the contract was valid at one time. c. Yes, because there was not an exchange of money yet. d. No, the next of kin must uphold the contract.

A contract is ________ if one promise is given in exchange for another, and each party is bound by the obligation. (4 points) a. Unilateral b. Bilateral c. Lateral d. Formal

Pete was in a very bad relationship. He knew he could be with Doris if he just found a way to get rid of his wife, Marjorie. Pete and Doris thought long and hard about what to do. Pete said, 'I got it - I will pay her mechanic to loosen the brake cables on her bike so when she takes a ride down a steep hill, she will not be able to stop.' He wrote a contract and presented it to the mechanic. The mechanic agreed, took a $500 deposit and signed the contract. Pete changed his mind and demanded his money back. The mechanic refused. Is this contract enforceable? a. No, it is not because it is in violation of law to contract for the injury or death of another person. b. Yes, he did not ask anyone to kill Marjorie, just tamper with the brakes a bit. c. No, because it is against public policy to pay a mechanic to fix bike brakes. d. Yes, because Pete gave consideration for the act.

Which of the following statements most likely would not be considered a counteroffer? a. I accept, but only if you also include a CD player. b. I accept, but please ship the merchandise to my home rather than my place of business. c. I accept, but only if you give me thirty days to pay. d. I accept, but only if you give me a discount.

What type of contract is an agreement between the parties in which an agreement has been inferred? (4 points) a. Implied-in-fact b. Bilateral c. Quasi d. Unilateral

Revocation a. Must be communicated to be effective b. Must be given before an offer has been accepted c. Need not be communicated in a specific way as long as it is communicated d. Means the cancelling of an offer e. All of the above

Negotiation is a key element of a contract? True False

Officer Pete noticed a wanted poster in the local post office. He recognized the criminal from the neighborhood. Pete picked up the perpetrator and brought him downtown and was able to receive the award. True False