1. Jeremiah promises to pay Delilah$7,000 if she retiles the floor in his gift shop. Jeremiah tells Delilah that the only way she can accept is by actually completing the task. The promise by Jeremiah is for a________ contract, which can only be accepted if Delilah_____.

Part 1

A.

quasi-; signs an agreement to retile the floor

B.

promise for apromise; promises to retile the floor

C.

unilateral; retiles the floor

D.

multilateral; promises to retile the floor

E.

bilateral; promises to retile the floor

2)) Jianren enters a car dealership and offers to pay$30,000 to thesalesperson, Carlos, for a car on the dealership floor. Jianren is the_____.

A.

offeror

B.

offeree

C.

delegator

D.

delegatee

E.

assignor

3) In an action"______," the judge decides the_____ issue; there is no right to a jury trial in(a)n _______ action.

A.

inequity; equitable; equitable

B.

injustness; equitable; moral

C.

in naturallaw; equitable; moral

D.

infairness; moral; equity

E.

moralquandary; moral; moral

4) A major source of contract law is the_____ law ofcontracts, which developed from early court decisions that became precedent for later decisions.

A.

federal

B.

uniform

C.

statutory

D.

constitutional

E.

common

5) Given the objective theory ofcontracts, a statement said in frustration such as"For $200,I'd sell the whole computerdivision!" would be considereda(n) ________.

A.

invalid offer

B.

exceptional offer

C.

invitation to make an offer

D.

valid offer

E.

acceptable offer

6) Much of the cyberspace economy is based on_____ and_____.

A.

unilateralagreements; implied-in-law contracts

B.

electronic contracts(e-contracts); voidable agreements

C.

bi-lateral agreements; formal contracts

D.

electronic contracts(e-contracts); electronic licenses(e-licenses)

E.

executorycontracts; electronic licenses(e-licenses)

7) A(n) _____ contract is entered into by way of an exchange of promises between the contracting parties.

A.

virtual

B.

unilateral

C.

promise for an act

D.

quasi-

E.

Bilateral

8) Farah, ascreenwriter, meets withAbdul, aproducer, and shows him her script. After reading thescript, Abdul makes the movie and does not acknowledge or pay Farah for its use. Farah can recover damages from Abdul for breachinga(n) _____ contract.

A.

express

B.

implied-in-law

C.

quasi-

D.

formal

E.

implied-in-fact