Reference no: EM131057162

Question 1

 

Wilson buys a lottery ticket at his local gas station. Wilson has accepted an offer for a

Answers:

A. bilateral contract.

B. unilateral contract.

C. void contract.

D. unenforceable contract.

Question 2

 

Flo tells Ginger during a phone call that she will buy her textbook from last semester for $65. Ginger agrees. These parties have

Answers:
A. no contract.

B. an express contract.

C. an implied contract.

D. a quasi contract.

Question 3

 

In negotiations with Coastal Distribution Company, Briggs Trucking, Inc., insists that their contract be drafted according to certain plain language laws. These laws concern the phrasing of

Answers:
A. contracts.

B. ads.

C. product instruction manuals.

D. documents of delivery.

Question 4

 

Vernon claims that his contract with Ulani is voidable. If their contract is avoided

Answers:
A. both parties are released from it.

B. both parties must fully perform their obligations under it.

C. both parties agree to a wholly different contract.

D. a wholly different contract is imposed "as if" the parties had agreed.

Question 5

 

Peter offers to pay Quik Delivery (QD) $50 if it picks up and delivers to him a package of business documents from Rico within thirty minutes. QD can accept the offer only by meeting the deadline. If QD performs as directed, these parties will have

Answers:
A. a bilateral contract.

B. a trilateral contract.

C. a unilateral contract.

D. no contract.

Question 6

 

Jack promises to buy Lizette's used textbook for $60. Jack is

Answers:
A. an executor.

B. an offeree.

C. a promisee.

D. a promisor.

Question 7

 

Demi promises to buy a house from Caleb, who promises to vacate the property on June 1. If these promises are in writing, they are most likely

Answers:
A. enforceable.

B. unenforceable.

C. void.

D. voidable.

Question 8

 

Phil agrees to work for Vacation Resorts, Inc., as a chef. In determining whether a contract has been formed, an element of prime importance is

Answers:
A. the parties' intent.

B. Phil's rate of pay.

C. Phil's education.

D. the terms of Phil's employment.

Question 9

 

GR8 Marketing Company and Brainfreeze Tunes, Inc., sign a document that states GR8 agrees to create a marketing campaign for Brainfreeze, which agrees to pay GR8 for the service. GR8 and Brainfreeze have

Answers:
A. an executed contract.

B. an express contract.

C. an implied contract.

D. a quasi contract.

Question 10

 

Jim tells Dana that he will take her out to lunch on Thursday. Jim has made Dana a

Answers:
A. prediction.

B. promise.

C. bilateral contract.

D. void contract.