1. 1. Jack promises to buy Lizette's used textbook for $60. Jack is an... a. An executor b. An offeree c.A promisee d.A promisor 2. 2. In Town delivery
... [Show More] service promises to deliver a certain couch to Kurt, who promis- es to pay for the service. If In Town does not perform, it may be required to... a. Do nothing b. Make another promise c. Pay money damages d. Perform a different service 3. 3. Tania promises to buy Saki's handheld video game-player for $40. Saki is... a. An executor b. An offeree c.A promisee d.A promisor 4. 4. Bobbie claims that Carly breached their contract. Car- ly responds that she never intended to enter into a con- tract with Bobbie. The intent to enter into a contract is de- termined with reference to.... a. The conscious theory of contracts b. The objective theory of contracts c. The personal theory of d.A promisor c. Pay money damages c.A promisee b. The objective theory of contracts contracts d. The subjective theory of contracts 5. 5. Lucy agrees to work for Mung Manufacturing, Ltd., as a Chinese/ English/ French translator. In determining whether a contract has been formed, an element of prime importance is... a.The parties' intent b. Mung's base of operations c. The duration of the work d. Lucy's language capabili- ties 6. 6. Expert Pavers, Inc., con- tracts with Fabricated Build- ing Corporation to repave Fabricated's parking lot for which Fabricated agrees to pay. The requirements of this, and any other, contract do not include.... a. consideration. b. capacity. c. legality. d. practicality. 7. 7. Cellphones & Calltime, Inc., makes an offer to De- lores to enter into a contract to work as a salesperson for a certain base salary plus commission for ninety days subject to a one-year renew- al based on her performance. a.The parties' intent d. practicality. c. An offer and an acceptance Delores accepts the offer. A valid contract requires.... a. A price and a subject b. A duration and termination provision c. An offer and an accep- tance d. Specific quality standards 8. 8. Home & Barn Construc- tion, Inc., contracts with Idyll Farms to build a new dairy barn on Idyll's property for which Idyll agrees to pay. The elements of this, and any oth- er, contract include...... a. The parties' capability b. Consideration c. Necessity of purpose d. The price 9. 9.. Omar asserts that a deal he entered into with Patty to sponsor and host a mo- tivational conference for in- dependent sales represen- tatives is an unenforceable contract. Defenses to the en- forcement of a contract in- clude... a. A desire to perform b. Insufficient capital c. Preliminary indications of unsatisfactory results d. The lack of a party's volun- tary consent 10. 10. Jana tells Levi she will give him an Xbox if Levi b. Consideration d. The lack of a party's voluntary consent a. A bilateral contract does Jana's chores for a month. Levi promises to do the chores. Jana and Levi have formed.... a. A bilateral contract b. A unilateral contract c. A void contract d. A unenforceable contract 11. 11. Randy promises to give Stewart her iPod in exchange for Stewart's promise to pay Randy $50. This bilateral con- tract was created when.... a. Randy offered to sell her iPod to Stewart. b. Randy decided to sell her iPod. c. Stewart promised to pay Randy $50. d. Stewart became aware that Randy was willing to sell her iPod. 12. 12. On Monday, Neil tells Out- door Landscaping, Inc., that he will pay Outdoor $500 if a variety of tasks are complet- ed by Friday. On Wednesday, when Outdoor is more than half done with the work, Neil says that he has changed his mind. These parties had.... a. An expired contract when Neil said that he had changed his mind. b. A quasi contract when Neil said that he would pay for certain work. c. Stewart promised to pay Randy $50. c. A unilateral contract as soon as Outdoor began to perform c. A unilateral contract as soon as Outdoor began to perform. d. No contract. 13. 13. Wilson buys a lottery tick- et at his local gas station. Wilson has accepted an offer for... a. A bilateral contract. b. A unilateral contract. c. A void contract. d. A nunenforceable con- tract. [Show Less]