QUESTION 31

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

True

False

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

Bill enters into a contract to invest with Dave, whereby Dave would advance Bill his share of his investment at a 40% interest rate. The contract would not be enforced because this is:

	a.	Usury and the contract is void
	b.	Duress and the contract is void
	c.	Fraud and the contract is voidable
	d.	Res Ipsa Loquitor and the contract is voidable

Carmine drafts a contract to sell his house to George. George signs the contract but he changes one clause to state that he will also get the patio furniture

	a.	This is a valid offer and acceptance and a contract has been formed
	b.	This a valid offer and acceptance and a contract for the sale of house, with out the patio furniture, has been formed
	c.	This is not a valid offer and acceptance because you can never change the terms of the existing agreement
	d.	This is not a valid offer and acceptance because of the mirror image rule

Hugo Boss, asks his employee Pee Wee Herman to buy 50 boxes of Girl Scout cookies from his daughter. He agrees to do so. Pee Wee

	a.	cannot rescind the contract because 50 boxes is not an unreasonable amount of cookies.
	b.	cannot rescind the contract because he is an adult and Boss did not hold a gun to his head.
	c.	can rescind the contract because he felt pressured to buy the cookies because Hugo was his boss and this is considered undue influence
	d.	can rescind the contract because he is not a girl scout.