Consideration can be a promise or an act true false

This preview shows page 6 - 9 out of 15 pages.

Question 182 / 2 pointsConsideration can be a promise or an act.TrueFalse
Question 192 / 2 pointsZero, Inc. agreed to build Millie a storage building for $8,000. After beginning the project, Zero realized that it could not complete the job and make a profit. Zero demanded $9,500 to complete the building. Millie agreed to pay the $9,500. When the project was complete, Millie tendered $8,000 to Zero for the job. If Zero sues Millie for the remaining $1,500:
Question 202 / 2 points
Parol evidence refers to anything (other than the written contract itself) that was said, done, or written before or as the parties signed the contract.
Question 212 / 2 pointsWhen courts consider economic duress, they consider all the following factors except:
Question 222 / 2 pointsAn assignment is effective from the moment it is made, regardless of whether the assignor notifies the obligor.TrueFalse
Question 232 / 2 pointsWhich of the following duties can probably be delegated?
Question 242 / 2 pointsIn order to satisfy the statute of frauds, a writing must:
Question 250 / 2 pointsA principal must indemnify an agent for any expenses incurred in carrying out agency responsibilities, but the principal will not be responsible for indemnifying an agent for any unauthorized purchases.
Question 262 / 2 pointsLinda assigns to Ben a right to receive rent payments. The law implies the following warranty on Linda s part:a. the tenant is solvent.b. Linda actually has a right to the rental payments.c. the tenant will actually pay.d. No warranties are implied by law in an assignment.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture