Question 272 pts

An output contract is an agreement of a buyer to purchase a seller's entire output for a stated period.

Group of answer choices

True

False

Question 292 pts

If no time is stated, an offer will terminate automatically after a reasonable period of time.

Group of answer choices

True

False

Question 302 pts

A promisee's consideration is effective only if given directly to the promisor by the promisee.

Group of answer choices

True

False

Flag question: Question 31Question 312 pts

Alice says to Brian, "If I decide to buy a digital camera next year, I will buy it from you." This is an example of:

Group of answer choices

an illusory promise.

past consideration.

the pre-existing duty rule.

good consideration.

Flag question: Question 32Question 322 pts

Consideration is the inducement to make a promise enforceable.

Group of answer choices

True

False

Question 352 pts

A covenant not to compete is a type of restraint of trade that courts today will enforce under certain circumstances.

Group of answer choices

True

False

Flag question: Question 36Question 362 pts

An exculpatory clause may excuse one party from liability for her own tortious conduct.

Group of answer choices

True

False

Flag question: Question 37Question 372 pts

A contract that requires a person to commit a tort will be enforced by the courts.

Group of answer choices

True

False

Flag question: Question 38Question 382 pts

Edward, an engineer, is working on a new design for some highly technical equipment which Martus, Inc. hopes to market within the next five years. The employment agreement between Edward and Martus states that Edward will not go to work for another company in the same business for a period of two years after termination of his employment with Martus, Inc. This agreement is void and unenforceable because, although Martus is a very specialized company, it would make it difficult for Edward to find other employment.

Group of answer choices

True

False

Flag question: Question 39Question 392 pts

A disaffirmance must come either during a minor's minority or within a reasonable time after he reaches majority.

Group of answer choices

True

False

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