Contract Questions

The other party is an emancipated minor the contract

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Unformatted text preview: n emancipated minor. the contract is for necessaries. none of the above. 63. a. b. c. d. A person who makes a promise is a(n): promisor. promisee. offeror. executor. 64. A promise by the Rive Gauche restaurant to buy all the oil it wants this winter to heat its business from Ollie’s Oil Corp. would be: an enforceable requirements contract. an enforceable output contract. an unenforceable, illusory promise. an unenforceable promise based on past consideration. a. b. c. d. 65. a. b. c. d. A promise to pay a contractor a bonus to complete construction of the building according to the contract is: binding if the promise is in writing. binding if the promise is made by a merchant. binding if the promise is made to a merchant. ordinarily not binding on the promisor. 66. a. b. c. d. A promise to purchase such quantity of goods as one may desire is a(n) illusory promise. valid contract. gratuitous promise. unilateral contract. 67. a. b. A raffle is a great way for university clubs to raise money. legal as long as the prizes...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.

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