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Question 1 5 out of 5 points An acceptance subject to new conditions implicitly rejects the offer. Answer Selected Answer: True Question 2 5 out of 5 points In contract law, "consideration" refers to the courtesy that one party shows another in negotiating a deal. Answer Selected Answer: False Question 3 0 out of 5 points A contract involving property of any kind must be in writing to be enforceable. Answer Selected Answer: True Question 4 5 out of 5 points Parties are not usually free to bargain as they wish. Answer Selected Answer: False Question 5 5 out of 5 points Yvon asks Zach, "Do you want to buy one of my fishing rods?" This is Answer Selected Answer: Question 6 5 out of 5 points A contract is always enforceable even if one party is aware that the other party made a mistake of fact. Answer Selected Answer: False Question 7 5 out of 5 points Lyra induces Moe to enter into a contract for the sale of an apartment about which Lyra fraudulently misrepresents a number of material facts. Lyra tells Moe that her commission is 6 percent, but their signed, written contract states "12 percent." The Statute of Frauds governs Answer Selected Answer: Question 8 5 out of 5 points A contract to do something that is prohibited by statutory law is void. Answer Selected Answer: True Question 9 5 out of 5 points An agreement is evidenced by a single event: an offer. Answer Selected Answer: False Question 10 5 out of 5 points As a general rule, contract duties can be delegated. Answer Selected Answer: True Question 11 0 out of 5 points Grant offers to sell his Honda Civic for $10,000 to Ivy. Referring to the prices for similar Hondas, Ivy says, "I'll pay no more than $5,000." Grant says, "Forget it." Grant's offer was terminated by Answer Selected Answer: Grant. Question 12 5 out of 5 points Tomato Farms (TF) offers to sell Unified Grocers, Inc., a boxcar load of tomatoes. The offer is sent via overnight delivery because an acceptance is required urgently. It would be most reasonable for Unified to accept via Answer Selected Answer: Question 13 5 out of 5 points Jolie signs a contract with Keaton, an unlicensed physician, to perform plastic surgery a medical procedure. This contract is enforceable by Answer Selected Answer: no one. Question 14 5 out of 5 points Danton, a popular performer, dies. His spouse Caitlin sells their house to Buck. Unknown to Caitlin or Buck, in one of the closets is the master recording of an unreleased album. With respect to this recording, Buck can Answer Selected Answer: Question 15 5 out of 5 points A statement of future intent "I plan to sell my 700-pound sow" is an offer.... View Full Document

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