Question
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
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started