True / False

1.A person who is intoxicated can avoid liability on any contract due to the intoxication.

2.An illusory promise is an unenforceable promise.

3.When both parties to a contract are mistaken about the same material fact, the contract cannot be rescinded.

4.A forum-selection clause specifies that any contract dispute will be settled in a particular jurisdiction.

5. All states require that members of certain professions obtain licenses allowing them to practice.

6.Aprice list is an invitation to negotiate.

7.An offer terminates automatically when the time specified in the offer has passed.

8.A person who is intoxicated can avoid liability on any contract due to the intoxication.

9.Data Storage Inc. offers to provide cloud-computing services to Enterprises, LLC, but mistakenly transposes some of the digits in the price so that $15,400 appears in the offer as $14,500. Enterprises accepts the written offer.

Refer to Fact Pattern 15-1.Enterprises' best argument in favor of enforcement of the contract is that

a.a unilateral mistake does not afford relief from a contract.

b.a mistake of value does not afford relief from a contract.

c.a bilateral mistake does not afford relief from a contract.

d.the price was below the prices of comparable devices.

10.Due on Receipt, Inc., makes tax software, which is packaged with a shrink-wrap agreement. Evenflo Products Company distributes the software to retailers, including a Flatprice discount store, where Greta buys a package of it. The parties to the shrink-wrap agreement are

a.Evenflo Products Company and Due on Receipt, Inc.

b.Greta and Due on Receipt,Inc.

c.Evenflo Products Company, Due on Receipt, Inc., and Greta.

d.Evenflo Products Company and Greta.

11.Brick and Carmen are in an auto accident. Brick offers Carmen $2,000 if she promises not to pursue her potential legal claim against Brick. Carmen agrees. Later, Carmen discovers that it will cost $1,500 to repair her car and $4,000 to cover the medical expenses for a latent injury.

Refer to Fact Pattern 13-5.InCarmen's suit against Brick to recover her repair and medical expenses, Carmen will most likely recover

a.the estimated amount to pay those costs and any other liability.

b.half the amount to pay the costs over what Brick already paid Carmen.

c.nothing.

d.the exact amount to pay those costs and no more.