QUESTION 25

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

QUESTION 26

A promise by a 25 year old togive up (cigarette) smoking is not supported by consideration.

True

False

QUESTION 27

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

QUESTION 28

Kurt enters into a contract to rent his Southampton home to Gerta. for 5,000. She backs out a week before the summer because she needs surgery, but her sister Marta says she would rent the home for 4,000. Kurt can successfully sue Gerta for:

	a.	$1,000
	b.	$4,000
	c.	$5,000
	d.	Nothing because the parties had a good reason to cancel

QUESTION 29

If Mary offers June $100 for her $400 coat, and June knowingly and voluntarily acceptsthe offer.Which statement is correct?:

	a.	A court will set aside the agreement based on the theory it was an illusorycontract
	b.	A court would set aside the agreement because of insufficient consideration
	c.	A court would uphold the agreement because parties are free to set the price of a contract
	d.	A court would set aside the agreement because it was not in writing