Module 1 Sample Questions With Answers (2010)

Module 1 Sample - 1 On Monday Neil tells Outdoor Landscaping Inc that he will pay Outdoor $500 if a variety of tasks are completed by Friday On

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Practice Questions for Module 1 Exam 1. 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. 2. 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. 3. 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. an implied-in-fact contract. d. a quasi contract. 4. 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
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a. an express contract. b. an implied-in-fact contract. c. an implied-in-law contract. d. no  contract. 5. 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 recovers because of the aid. c.only if Noel was aware of the aid. d. under no circumstances. 6. National Grocers, Inc., enters into a contract with Overland Shipping  Company for the delivery of a shipment of fresh produce. If ambiguities  appear in the contract, they will be construed against a. the party who drafted the contract. b. the party with the greater bargaining power. c.the promisor. d. the promisee. 7. On May 1, Local Cartage Company and Modern Computers, Inc., orally  agree that Local Cartage will pick up from National Chip Corporation  and   deliver   to   Modern   Computers’   manufacturing   plant   a   certain  number of computer chips on each Monday in the month. Under the  agreement, Modern Computers will pay for the delivery services on  June 1. a. On May 1, is this contract express, implied in fact, or implied in law? 
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This note was uploaded on 01/20/2011 for the course MGT 641 taught by Professor Staff during the Spring '08 term at Kentucky.

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Module 1 Sample - 1 On Monday Neil tells Outdoor Landscaping Inc that he will pay Outdoor $500 if a variety of tasks are completed by Friday On

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