Which of the following is not a type of classification for contracts?
right of first
... [Show More] refusal
complex
executed
implied
unilateral
valid
void
11/2/2019 M3EX: BLAW 1080 V0803 2019FA - Business Law 1
https://online.macomb.edu/courses/30241/quizzes/223224 2/25
Question 2 2 / 2 pts
Sam Shyster, a 19-year-old college student, bought a car from Holly Honest,
a 18 year-old neighbor for $5,000. Holly misrepresented the car to him.
Subsequently Holly sued Sam for breach of contract. Sam may raise the
following defense to avoid the contract.
factual incapacity
mutual mistake
status incapacity
economic duress
physical duress
fraud
Question 3 2 / 2 pts
Holly Honest offered to sell her car to Sam Shyster for $5,000. She told him
he had three days in which to decide and that he needed to send his
acceptance in writing. Two days later, Sam met Fred and told him he was
planning on purchasing Holly's car. That same day, Holly called Sam and left
him a message telling him that she was revoking her offer. Sam heard the
message and then placed a letter in the mail saying he would purchase her
car for $5,000.
The contract is not binding because Holly had revoked it before Sam accepted
it.
The contract is binding because Sam had accepted it in writing.
11/2/2019 M3EX: BLAW 1080 V0803 2019FA - Business Law 1
https://online.macomb.edu/courses/30241/quizzes/223224 3/25
The contract is not binding because Holly did not receive the letter accepting
the offer.
The contract is binding because Sam had accepted it before the expiration of
three days.
Question 4 2 / 2 pts
Stewie offered to pay Bryan $30 if Bryan cut the lawn before Saturday. On
Friday, Bryan cut the lawn. This is an example of a
____________________.
option contract
formal contract
bilateral contract
void contract
unilateral contract
executed contract
IInccorrrreecctt Question 5 0 / 2 pts
Which of the following is not a defense that can be raised by defendant to
avoid a contract?
intentional misrepresentation
11/2/2019 M3EX: BLAW 1080 V0803 2019FA - Business Law 1
https://online.macomb.edu/courses/30241/quizzes/223224 4/25
misrepresentation
fraud
undue influence
duress
unilateral mistake
contr [Show Less]