Chapter 11 Quiz

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Question #1

On Monday, Xi tells Yard Work Inc., that he will pay $500 if a variety of tasks are completed by Friday. On Wednesday, when Yard Work is more than half done with the work, Xi says that he has changed his mind. These parties had

A an expired contract when Xi said that he had changed his mind.

B no contract.

C a quasi contract when Xi said that he would pay for certain work.

D a unilateral contract as soon as Yard Work began to perform.

Question #2

Contract law does not distinguish between moral and legal obligations.

A TRUE

B FALSE

Question #3

Ocean Inc., a seafood distributor, agrees to buy from Paul, a commercial fisher, any “overstock” of fish that he catches in excess of the legal limit. This agreement is most likely

A voidable.

B quasi.

C enforceable.

D void.

Question #4

Alyssa hires Bret to mow Alyssa’s lawn every Friday. Although they do not discuss the terms of payment, after each of the first three Friday mows, Alyssa pays Bret on Saturday. The payment term is

A quasi.

B non-existent.

C express.

D implied.

Question #5

Mel agrees to work as a freight broker for National Shipping Inc. In determining whether a contract has been formed, an element of prime importance is the parties’

A intent.

B motives.

C subjective beliefs.

D objectives.

Question #6

An agreement to form a contract cannot modify the terms of a previous contract.

A TRUE

B FALSE

Question #7

Once an offer is made, the offeror cannot revoke it.

A FALSE

B TRUE

Question #8

An executed contract is one that has been fully performed by both parties to it.

A FALSE

B TRUE

Question #9

Fay offers to pay Grey $50 for a tennis lesson for Hetty. They agree to meet the day after tomorrow to exchange the cash for the lesson. These parties have

A a bilateral contract.

B no contract.

C a unilateral contract.

D a third-party contract.

Question #10

Sy enters into a contract with Truck Company to work as a driver. If a dispute arises over the deal, under the plain meaning rule, the court cannot consider any evidence not contained in the document if

A the parties’ intent cannot be determined from the contract’s language.

B the contract lacks a provision on a disputed issue.

C a contract term can be interpreted in more than one way.

D the words in the contract appear clear.

Question #11

Insofar as possible, a reasonable, lawful, and effective meaning will be given to all of the terms of a contract.

A FALSE

B TRUE

Question #12

Contracts relating to real estate are governed by the common law.

A FALSE

B TRUE

Question #13

Any contract that is not in writing is not enforceable.

A FALSE

B TRUE

Question #14

Rough Water LLC and Schafer enter into a contract for the delivery of a certain number of river rafts. Until the rafts are delivered and paid for, the parties have

A an executed contract.

B a quasi contract.

C no contract.

D an executory contract.

Question #15

Macy offers to sell his fitness watch for $50 to Nona. Nona promises to pay Macy the price. Later, they exchange the watch for the funds. A contract was created when

A Macy delivered the watch.

B Macy offered to sell the watch.

C Nona paid for the watch.

D Nona promised to pay for the watch.

Question #16

A contract is an implied contract if the conduct of the parties creates and defines some of the terms.

A FALSE

B TRUE

Question #17

If one party to a contract has fully performed but the other has not, the contract is executory.

A FALSE

B TRUE

Question #18

Quasi contracts are imposed on parties in the interest of fairness and justice.

A FALSE

B TRUE

Question #19

An offer that can be accepted simply by a promise to perform does not create a binding contract.

A TRUE

B FALSE

Question #20

If what is written in a contract is clear, a court will enforce the contract according to its obvious terms.

A FALSE

B TRUE

Question #21

Sui enters into a contract with Trey to act as a personal sports trainer. If a dispute later arises over the parties’ promises, the court will interpret the contract according to

A what the parties now agree they intended.

B the parties’ intent at the time they entered into the contract.

C what the promisee claims was the parties’ intent.

D what the promisor claims was the parties’ intent.

Question #22

Juno tells Liu she will give him her old car if he babysits her son Marc weekday evenings for six months. Liu agrees. Juno and Lee have formed

A a bilateral contract.

B a unilateral contract.

C an unenforceable contract.

D a void contract.

Question #23

A payment of funds or a delivery of goods must take place for a bilateral contract to be formed.

A FALSE

B TRUE

Question #24

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

A a quasi contract.

B an express contract.

C an implied contract.

D no contract.

Question #25

Steel Mill Inc. makes an offer to Tag to enter into a contract to work as a mechanical engineer for a certain salary for one year subject to a five-year renewal based on his performance. Tag accepts the offer. This is a valid contract because it includes

A a duration and a termination.

B specific quality standards.

C a price and a subject.

D an offer and an acceptance.

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