Chapter 11 Study Guide Quiz

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Question #1

When a contract’s writing is not clear, a court will enforce it according to its obvious terms.

A False

B True

Question #2

The term consideration refers to the legality of the subject matter of a contract.

A False

B True

Question #3

The doctrine of quasi contract generally can only be used when there is an actual contract that covers the matter in controversy.

A True

B False

Question #4

Informal contracts include all contracts other than formal contracts.

A False

B True

Question #5

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

A False

B True

Question #6

If a voidable contract is avoided, the promisee, but not the promisor, is released from it.

A True

B False

Question #7

If a contract term is ambiguous, a court can consider extrinsic evidence.

A False

B True

Question #8

An unenforceable contract is one that cannot be enforced because of certain legal defenses against it.

A True

B False

Question #9

A unilateral contract is formed at the moment when the contract is performed.

A False

B True

Question #10

A party who has conferred a benefit on someone else unnecessarily can invoke the principle of quasi contract to recover the cost.

A False

B True

Question #11

A contract that has been fully performed by the parties is called an executory contract.

A True

B False

Question #12

A bilateral contract comes into existence at the moment promises are exchanged.

A False

B True

Question #13

When Hester’s car breaks down, she asks Insta-Tow, Inc., to tow it to Jerry’s Repair Shop. There is no discussion of a price, and Hester and Insta-Tow do not sign any documents. Later, Insta-Tow sends Hester a bill. With respect to Hester’s obligation to pay the bill, this is

A an implied contract.

B no contract.

C a quasi contract.

D an express contract.

Question #14

Smith & Jones, Accountants, agrees to perform an audit for Brick & Mortar Stores, Inc. Whether or not this agreement meets all of the requirements of a contract, the parties are likely to follow the rules of contract law because they

A have a moral obligation to do so.

B are conscious of those rules.

C are not conscious of those rules.

D want to avoid potential disputes.

Question #15

Sal assures Tom that she will deliver a truckload of hay to his cattle ranch. A person’s declaration to do a certain act is part of the definition of

A a moral obligation.

B a prediction.

C an expectation.

D a promise.

Question #16

Robin claims that her contract with Stroud for tennis lessons is voidable. If their contract is avoided,

A both parties must fully perform their obligations under it.

B both parties are released from it.

C both parties will agree to a wholly different contract.

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

Question #17

Lark promises to buy Mac’s used textbook for $60. Lark is

A a promisee.

B an offeror.

C an offeree.

D a promisor.

Question #18

Jonah tells Levi he will give him an Xbox if Levi does Jonah’s chores for a month. Levi promises to do the chores. Jonah and Levi have formed a

A a unilateral contract.

B a bilateral contract.

C no contract.

D a formal contract.

Question #19

Gilbert promises to buy Hadley’s iPod for $75. Hadley is

A a promisor.

B an offeror.

C a promisee.

D an offeree.

Question #20

Francie drives into Gage’s Auto Service and asks Hong, a Gage’s employee, to replace a tire on Francie’s car. After Hong replaces the tire, but before Francie pays for it, any contract between Francie and Gage’s is

A void.

B unenforceable.

C executory.

D executed.

Question #21

Following negotiations, Office Park, Inc., enters into an informal contract with Quality Janitorial Company for custodial services for Office Park’s buildings. This means that the parties’ contract

A is subject to change by either party, within reason.

B is not yet completely formed.

C is freely open to either party’s interpretation.

D requires no special form.

Question #22

Cellphones & Calltime, Inc., makes an offer to Delores 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 renewal based on her performance. Delores accepts the offer. A valid contract requires

A an offer and an acceptance.

B a duration and termination provision.

C a price and a subject.

D specific quality standards.

Question #23

Brady accepts what he believes is an offer to work for Canyon River Adventures, Inc., as a tour and fishing guide. In determining whether a contract has been formed, an element of prime importance is

A the price to be paid.

B the duration of the work.

C the intent of the parties.

E the subject of the contract.

Question #24

Bilbo signs a lease agreement for an apartment with Cato, who owns and manages the Deer Creek Apartments complex. These parties have

A no contract.

B a quasi contract.

C an express contract.

D an implied contract.

Question #25

Avatar, Inc., agrees to deliver t-shirts emblazoned with video game characters for a certain price to Bling Bling Corporation. To constitute a contract, the terms of this deal

A may be express, implied, or a mixture of both.

B must all be express.

C may be express or implied, but not both.

D must all be implied.

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Chapter 11 Study Guide Quiz

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