Reference no: EM132787935

Question 1: Rescission is usually permitted where the parties to a contract are both mistaken about a material fact.

True

False

Question 2: Nona offers to pay Janice $1,500 if Janice will paint her apartment while she is out of town on vacation for two weeks. Janice makes no promise but tells Nona that she will think about it. While Nona is out of town, Janice paints the apartment. This is best described as a(n):

a. unilateral contract.
b. quasi contract.
c. bilateral contract.
d. implied in fact contract.

Question 3: Tony, who is a minor, enters into a contract with Vicky, who is an adult. Which of the following is correct?

a. Vicky may disaffirm the contract when Tony becomes an adult.
b. Vicky may not disaffirm the contract.
c. Tony may ratify the contract at any time during his minority.
d. Vicky may disaffirm the contract at any time.

Question 4: Though contractual duties generally are delegable; a delegation will not be permitted if the nature of the duties is personal in that the obligee has a substantial interest in having the delegator perform the contract.

True

False