Chapter 11 Homework

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Question #1

Jill promises to buy Kent’s handheld game-player for $75. Kent is

A an executee.

B a promisee.

C an offeror.

D a promisor.

Question #2

Dalton contracts to tutor Ellen in the principles of business law. For the breach of a contractual promise, contract law entitles innocent parties to

A any relief that a defendant wants to concede.

B any relief that a court wants to provide.

C any relief that a plaintiff wants to seek.

D some forms of relief.

Question #3

Ada mistakenly pays property taxes that should have been assessed against Bud. Ada can recover the amount from Bud in quantum meriut

A even if Bud was not aware of the error.

B under no circumstances.

C only if Bud tried to conceal the error.

D only if Bud was aware of the error.

Question #4

Employment Sources, Inc., enters into a contract with Fred. If Fred is a minor, this contract is most likely

A void.

B unenforceable.

C voidable.

D enforceable.

Question #5

Tom enters a coffee shop in which he has an open account, fills a cup of coffee, holds it so the cashier can see it, acknowledges the cashier’s nod, and walks out with the coffee, knowing that he will be billed for it at the end of the month. Tom has formed

A an express contract.

B an implied-in-law contract.

C an implied-in-fact contract.

D a quasi contract.

Question #6

Stu makes an offer to Tina to enter into a contract. Tina accepts the offer. A valid contract requires

A neither a valid offer nor a valid acceptance.

B a valid offer and a valid acceptance.

C a valid offer only.

D a valid acceptance only.

Question #7

Cathy assures Don that she will deliver his products as he directs. An assurance that one will do something in the future is part of the definition of

A a declaration.

B an ethical principle.

C a promise.

D a moral obligation.

Question #8

Mia, a physician, renders aid to Noel, who is injured and unconscious. Mia can recover the cost of the aid from Noel

A even if Noel was not aware of the aid.

B only if Noel was aware of the aid.

C only if Noel recovers because of the aid.

D under no circumstances.

Question #9

Delia promises to buy a house from Edwin, who promises to vacate the property on July 1. If these promises are in writing, they are most likely

A void.

B voidable.

C unenforceable.

D enforceable.

Question #10

When Jeff’s car breaks down, he asks Kwik Tow, Inc., to tow it from its location to Loyal Repair Shop. There is no discussion of a price, and Jeff and Kwik do not sign any documents. After the tow, Kwik sends Jeff a bill. With respect to Jeff’s obligation to pay the bill, this is

A an implied-in-law contract.

B an express contract.

C an implied-in-fact contract.

D no contract.

Question #11

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

A an express contract.

B a quasi contract.

C an implied-in-fact contract.

D an executed contract.

Question #12

Bob offers to pay Jim $50 for a golf lesson for Jack. They agree to meet the day after tomorrow to exchange the cash for the lesson. These parties have

A no contract.

B a trilateral contract.

C a unilateral contract.

D a bilateral contract.

Question #13

On Monday, Neil tells Outdoor Landscaping, Inc., that he will pay Outdoor $500 if a variety of tasks are completed by Friday. On Wednesday, when Outdoor is more than half done with the work, Neil says that he has changed his mind. Under the modern-day view, these parties had

A no contract.

B an expired contract when Neil said that he had changed his mind.

C a unilateral contract as soon as Outdoor began to perform.

D a quasi contract when Neil said that he would pay for certain work.

Question #14

Expert Pavers, Inc., contracts with Fabricated Building Corporation to repave Fabricated’s parking lot for which Fabricated agrees to pay. The elements of this, and any other, contract do not include

A legality.

B consideration.

C practicality.

D capacity.

Question #15

“Consideration” refers to the legality of the subject matter of a contract.

A TRUE

B FALSE

Question #16

In an express contract, the terms are fully stated in words.

A FALSE

B TRUE

Question #17

A contract can be created only when a promise is given in exchange for another promise.

A FALSE

B TRUE

Question #18

Tort law governs contracts.

A TRUE

B FALSE

Question #19

Contract law ensures that one party does not threaten another.

A FALSE

B TRUE

Question #20

An executed contract is one that has been fully performed.

A FALSE

B TRUE

Question #21

A voidable contract is a valid contract that can be avoided at the option of at least one of the parties to it.

A FALSE

B TRUE

Question #22

A unilateral contract is formed when the one receiving the offer completes the requested act or performance.

A TRUE

B FALSE

Question #23

One of the requirements for a valid contract is its acceptance.

A TRUE

B FALSE

Question #24

When the words in a contract have more than one meaning, they are generally interpreted in favor of the party who drafted the contract.

A TRUE

B FALSE

Question #25

An offeree is a person who makes an offer.

A TRUE

B FALSE

Question #26

A contract is an agreement only between parties who are not members of the same family.

A TRUE

B FALSE

Question #27

Contract law ensures that certain promises are legally binding.

A FALSE

B TRUE

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