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please help me with my final study ans thanks Question 1 The statement, I promise to buy from you all the coal that I

please help me with my final study ans thanks

Question 1

The statement, " I promise to buy from you all the coal that I need in my business next year" constitutes an offer which is reasonably definite.

True

False

Question 2

Which of the following constitute legal offers?

A. Expressions of opinion
B. Statement of intention
C. Catalogue advertisements
D. None of the above

Question 3

If red announces that he plans to paint his Rolls-Royce pink but Walker, his next-door neighbor, who cannot bear the sight of pink Rolls-Royces, offers to pay Red $500 to paint the car a more traditional color, then Walker's promise to pay is

A. Unenforceable because Red should not have considered painting the Rolls-Royce pink in the first place
B. Enforceable because Red preferred the pink color to the more traditional color as evidenced by his prior statement
C. Enforceable because Red agreed to refrain from doing something that he was legally entitled to do
D. Unenforceable even if Red paints the car a more traditional color

Question 4

If Harry promises to pay Larry not to park in a no-parking zone in front of Harry's house, then the agreement is

A. Enforceable because Larry is giving up the right to do something that he would otherwise do in the absence of the agreement.
B. Enforceable because the agreement accomplishes Larry's goal that the no-parking zone in front of his house be kept clear.
C. Not enforceable because the no-parking zone is owned by the city.
D. Not enforceable because Larry has no legal right to park in the no-parking zone

Question 6

Under a voidable contract, avoiding legal obligations is an option of

A. Neither party
B. Both parties
C. One of the parties
D. Both A and C

Question 7

If Fred promises to pay Bill $50 for painting the house and Bill the proceeds to paint the house, the act of painting the house

A. Imposes a moral obligation on Fred to pay Bill
B. Imposes no payment obligation unless Fred is completely satisfied with the job
C. Is the consideration that creates Fred's contractual obligation to pay Bill
D. Merely expresses a responsability

Question 8

Harry takes his canary to Dr. Bugs for surgery on a broken wing. Dr. Bugs says that the wing should be fully healed within a week. The wing does not heal within a week. Dr. Bugsis

A. Not liable for breach of contract, because the statement was an opinion
B. Not liable for breach of contract, but Harry is excused from paying the doctor's bill
C. Liable for breach of contract
D. Not liable for breach of contract, because the repair of bird wings in not proper subject matter for a contract

Question 9

Under the common law, which of the following elements is not required for an offer to be effective?

A. The offeror intends to be bound by the offer
B. The offeree is capable of accepting the offer
C. The terms of the offer are reasonably certain or definite.
D. The offer is communicated by the offeror to the offeree.

Question 10

The promisor's intention that his or her promise be legally binding is not required for the formation of a contract.

True

False

Question 11

Janet attempts to start her car with no success. She yells in desperation that she would sell the car to anyone for $100. Bill, a passerby, hands Janet $l00. Bill's act

A. Constitutes a valid acceptance
B. Constitutes a valid acceptance only if Janet and Bill already know each other
C. Does not constitute a valid acceptance, because $100 is not be a fair price for the car
D. Does not constitute a valid acceptance, because Janet does not seriously intend to sell the car

Question 12

The words "I promise to sell my house for $50,000" constitute an offer.

True

False

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