Reference no: EM132229521
1. Sarah and Randy made a contract where Randy would remodel Sarah's bathroom for $20,000. Sarah had until July 10 to pay for it. Randy finished the work and Sarah seemed happy with it. A day before payment was due, Sarah realized there was an issue with the bathroom and contacted Randy. She asked him to come fix it; however, Randy refused. Sarah informed Randy that she was not going to pay him the full amount. Sarah wrote her check on July 10 for $19,000. Randy cashed the check and sought to collect the balance.
At trial, the most likely result is _____________________:
that Randy will win because there was not a good-faith dispute and he cashed the check.
that Randy will win because there was a good-faith dispute and he cashed the check.
that Randy will lose because there was a good-faith dispute and he cashed the check.
that Randy will lose because there was not a good-faith dispute and he cashed the check.
2. Mary saw Susan standing across the street. She always knew that Susan liked a certain necklace, and promised to give her the necklace if she walked across the street. Susan walked across the street and demanded the necklace.
This is an example of ___________.
a gift
a conditional promise
consideration
adequacy of consideration
forbearance
3. Nick was walking down the street when he found a bag full of money and expensive jewels. He called his good buddies, Dale and Kurt, and told them that he would split everything he found with them. Dale and Kurt were excited and started talking about the things they were going to purchase. Nick reneged on the deal and Dale and Kurt sued him, claiming that he was liable under the doctrine of promissory estoppel.
Which of the following is not an element for the doctrine of promissory estoppel?
promisor intends or should reasonably expect that the promisee will rely on the promise
enforcement of the promise is the only way to avoid injustice
promisor makes a promise that has consideration
promisor intends or should reasonably expect that the promisee will rely on the promise
the promisee in fact relies on the promise in some definite and substantial manner
4. Which of the following contracts may not be avoided by a minor?
for purchase of board games
purchase of candy
purchase of movie tickets
made while running a business