QUESTION 10

Which is an Implied in Law Contract

	a.	Going to the dentist and sitting in the chair and having to pay for a cleaning
	b.	A doctor billing someone for helping an unconscious person on the highway
	c.	Going to a car wash
	d.	All of the above

2 points

QUESTION 11

Smith, a farmer hires ABC contractors to build a new barn on his open farmland. ABC agrees to charge $10,000 for the barn. When ABC starts digging they discover that there is an old well under the location of the barn, which was not visible. ABC contractors want to charge an additional $5,000 to build the barn because of the cost of removing and filling up the well. Whichstatementis correct?

	a.	ABC cannot charge the additional money because of a pre-existing duty to complete the job for $10,000.
	b.	ABC cannot charge the additional money because they had a duty to make sure there was nothing located under the land before they agreed to a price and signed the contract
	c.	ABC can charge the additional money, because finding thehiddenwell when starting to dig is an unforeseen circumstance.
	d.	ABC can charge the additional money, because a contractor can always increase the price of a job until the job is complete.

2 points

QUESTION 12

Lisa promises Judy to "remember Judy in her will" if she gives up her job to come and take care of her. Judy agrees and quits her job and moves to New York from California and cares for Lisa for 6 months.. Lisa fails to change her will and does not pay her anything.. Judy cansuccessfully sue for the value of her services based on:

	a.	Accord and satisfaction
	b.	Past consideration
	c.	Promissory estoppel
	d.	Usury

2 points

QUESTION 13

Silence can normally be considered acceptance of an offer.

True

False

2 points

QUESTION 14

A car salesman tells a nerdy customer that the car he wants to buy is definitely a "chick magnet". The customer can terminate the contract based on fraud.

True

False

2 points

QUESTION 15

Mike rents an apartment for $400.00 for the summer when he is taking classes at Nassau Community College.but he has no income. The landlord requires his parents co-sign the lease guarantypayment. This contract does not have to be in writing.

True

False

2 points

QUESTION 16

Tom and Jerry developed a cartoon figure called "Psycho Chihuahua." They were innegotiations with Taco Bell to use the dog in Taco Bell commercials. Taco Bell neverfinalized negotiations, but did use the Chihuahua in their commercials. Tom and Jerry could successfully sue under the theory of:

	a.	Past Consideration
	b.	Quasi Contract
	c.	Implied in Law Contract
	d.	Impied in Fact Contract

2 points

QUESTION 17

To be grounds for fraud, a misrepresentation must relate to a:

	a.	Past event
	b.	Any existing fact
	c.	Statement of opinion
	d.	Material existing fact

2 points

QUESTION 18

The designer of a power ranger's logo entered into a contract with the manufacturer to design the logo for $250.00. He was not a minor, intoxicated or under duress. He cannot successfully sue for extra money when the logo becomes very popular and makes millions of dollars for the company.

True

False

2 points

QUESTION 19

Lottie enrolls for Parachute jumping lessons when she is 17. She continues to take lessons until she is 19. Most courts would determine that Lottie had:

	a.	Disaffirmed the contract
	b.	Rescinded the contract
	c.	Ratified the contract
	d.	Created an option contract

2 points

QUESTION 20

To disaffirm a contract, a minor must cancel the contract before reaching the age of majority or a reasonable time thereafter.

True

False