True or False questions
I. If the offer does 2. Roger, a minon, buys some electronik not specity a type of acceptance, the offeree may accept in any reasonable manner and means equipment from Tuneland, Inc. Roger uses the equipment for a few months for a and then retanms it to Tuneland, demanding his money back. Roger may retun DJ business that he operates after school the equipment and he does not have to pay for its use or the damages becanne 3. Avalid contract aan legally be voided by either party. T 4. Ir an aduilt findis that they have entered into a contract with a minor, the adult may not disaffim the contract. parachute from the branches of the tree. Natasha sees that he is in trouble and comes to his rescue. After Boris is safely 6. A boss can never have an insurable interest in an employee unless the boss and employee are related in some way 5, Boris sky dives out of a plane and gets hung up in a tree, hopelessly suspended and swinging precarlously in his ground, he gratefully promises to give Natasha half of his life savings account. When he changes his mind, Natasha will probably be unsuccessful in enforcing his promise. Ir Bill Gates goes into a car dealership and buys every car on the lot for sticker price, the dealer has suffered no contractual detriment because he's in the business of selling cars and got full price. 8. You are in the DSU bookstore and pick-up a new, shrink wrapped 1000 page Law textbook clearly marked at $20.00 You know it should be $120.00. When you take it to the counter, they must sell it to you at the clearly marked price of $20.00 Mary goes into Honest Hardy's Electronics and purchases a big-screen TV. Mary agrees to pay for the TV in 30 days on the store's "30 days same as cash" plan. This is an executory contract 9. 10. Billy owes a liquidated debt of $3000 to Rena, his personal weight trainer. Billy sends Rena a check for $300 on which he has marked, "Payment in Full." If Rena cashes the check she will not be able to successfully sue Billy for the remainder of the debt 11. Roger parked his car at a garage that has a large sign at the entrance saying, "This garage is not liable for items 12. Once a contract is in writing, the Parol Evidence Rule does not allow oral statements made during negotiations to 13. Alex promises to pay $100 to anyone who finds his lost watch. Kate finds and returns the watch to Alex after hearing stolen from a car." This type of notice is referred to as an executory clause. affect the final written contract in any way or for any reason of the reward money. Alex and Kate have an enforceable unilateral contract. 14. Fred enters into an oral contract with Barney to buy Barney's car for $1,000. The next day, Fred pays Barney the $1,000 and Barney gives Fred the keys and title to the car. Later that day Fred discovers that he could have purchased the same car from Betty for less money. Fred may call Baney and demand his money back because the $1,000 oral contract violates the statute of frauds and is unenforceable. 15. Scienter is a necessary requirement for duress but not undue influence. 16. Rudolph overhears his daughter Macy's plans to go skydiving over spring break. Rudolph rushes out and buys an nsurance policy for $100,000 on Macy's life. Macy dies when her parachute does not open. Rudolph can collect the 100,000 Courts normally require an exchange of adequate/equal valued consideration
