Fall 2009 Test 3 - Fall 2009 Test 3 Multiple Choice...

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Fall 2009 Test 3 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Bob claims that Carol breached their contract. Carol responds that she never intended to enter into a contract with Bob. The intent to enter into a contract is determined with reference to a. the conscious theory of contracts. b. the objective theory of contracts. c. the personal theory of contracts. d. the subjective theory of contracts. ____ 2. Mona asserts that a deal she entered into with Nate is an unenforceable contract. Defenses to the enforcement of a contract include a. a desire not to perform. b. adverse economic consequences. c. results that do not match expectations. d. the lack of a party's genuine assent. ____ 3. 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. an expired contract when Neil said that he had changed his mind. b. a quasi contract when Neil said that he would pay for certain work. c. a unilateral contract as soon as Outdoor began to perform. d. no contract. ____ 4. Freida and Gail enter into a bilateral contract, which is created when Freida gives a promise in exchange for Gail's a. payment of money only. b. performance of a particular act only. c. promise only. d. prudent awareness only. ____ 5. Clay offers to pay Dot $50 for a golf lesson for Eula. They agree to meet the day after tomorrow to exchange the cash for the lesson. These parties have a. a bilateral contract. b. a trilateral contract. c. a unilateral contract. d. no contract. ____ 6. Lara applies for a firefighter's job with Metro City, which responds with a letter setting an appointment for a medical exam. The letter also states that it is "a conditional employment offer." Based on the court's reasoning in Case 10.1, Ardito v. City of Providence , this letter is a. a bilateral contract that Lara accepted by applying for the job. b. a quasi contract on which Lara can rely for employment. c. a unilateral contract that Lara can accept by passing the exam. d. no contract.
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____ 7. Flo tells Gregor that she will buy his textbook from last semester for $65. Gregor agrees. Flo and Gregor have a. an executed contract. b. an express contract. c. an implied-in-fact contract. d. a quasi contract. ____ 8. 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 executed contract. b. an express contract. c.
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This note was uploaded on 11/23/2009 for the course BUS LAW 3457 taught by Professor Vannessa during the Spring '09 term at Alamance Community College.

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Fall 2009 Test 3 - Fall 2009 Test 3 Multiple Choice...

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