only ans need

QUESTION 31

1. Ina Turner owned a parcel of real property that she wished to sell. She a written agreement with Ali Bike, real estate broker, stating that if he found a purchaser willing and able to pay a stated price, she would pay Bike a commission. Bike located a buyer who signed a written offer to purchase and tendered a down payment. When Turner refused the offer, Bike brought suit to obtain his commission. Which of the following is true?

	a.	Bike has a cause of action Turner on a bilateral contract.
	b.	The buyer has cause of action against Turner.
	c.	No contract was formed.
	d.	Bike has a cause of action against Turner on a unilateral contract.

QUESTION 32

1. The objective manifestation rule is used to argue the enforceability of a promise that

	A.	Is made by a person who lacks contractual capacity.
	B.	May be interpreted as a serious proposal.
	C.	Requires the performance of an illegal act.
	D.	Is not supported by consideration.

QUESTION 33

1. Unlike Jeremy Bentham, John Stuar Mill argued that qualitative factors such as psychological and spiritual well-being must be considered in calculating the positive and negative effects of a decision.

True

False

QUESTION 34

1. Heather brought a French horn from Patrick on credit. Patrick then sold the receivable to Carol for cash. Heather had notice of the transfer. Which of the following is true?

	a.	Patrick was an assignor, obligee, promisee, and creditor.
	b.	Heather was a delegator, obligor, promisor, and debtor.
	c.	Carol was a delegatee and Patrick is a delegator.
	d.	Carol was an assignor, obligee, promisee, and debtor.

QUESTION 35

1. Sam Student was hit by a car crossing the and knocked unconscious. Fast Ambulanceservice took him to the hospital while he was still unconscious. What is Sam's liability for Fast Ambulance's fee?

	a.	Liable under an implied-in-fact contract theory.
	b.	Not liable because no contract was formed.
	c.	Liable under quasi-contract (implied-in-law contract) theory.
	d.	Liable under the UCC.

QUESTION 36

1. The statute of limitations for Breach of a contracts:

	a.	3 years
	b.	5 years
	c.	6 years
	d.	1 year

QUESTION 37

1. Certain contracts have absolutely no effect and are not recognized under law. If two or more parties enter into such an agreement, it is

	a.	Void
	b.	Voidable
	c.	Valid
	d.	Unenforceable

QUESTION 38

1. The events that led to the American Revolution were precipitated by the great war against France that England and her colonies fought from 1756 to 1763.

True

False

QUESTION 39

1. In 1808 congress

	A.	Declared war on Canada
	B.	Abolished foreign slave trade
	C.	Declared war on Great Britain
	D.	Passed the bill of rights

QUESTION 40

1. In contract law, a person's words will be considered to mean what a reasonable person would interpret them to mean, not what the person speaking the words subjectively intended.

True

False