Business Law Ch10 Part II: Question Preview (ID: 23555)


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Phil agrees to work for Vacation Resorts, Inc., as a chef. In determining whether a contract has been formed, an element of prime importance is
a) the parties' intent b) Phil's rate of pay c) the duration of the work d) Vcation Resort's facilities
Mona asserts that a deal she entered into with Nate is an unenforce¬able contract. Defenses to the enforcement of a contract include
a) the lack of a party's voluntary consent b) a desire not to perform c) adverse economic consequences d) results that do not match expectations
Green Grocers, Inc., enters into a contract with Hiway Transport Company for the deliv¬ery of a shipment of fresh produce. In a later dispute between these parties over the delivery, the doctrine of quasi contract cannot be used because
a) there is an actual contract covering the subject in dispute b) both of the parties involved are businesses c) at least one of the parties had greater bargaining power d) the subject of the contract was a service
Clay offers to pay Dorianne $50 for a golf lesson for Estee. 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
Opie offers to sell his guitar to Pinky for $100. Pinky agrees. They complete and sign a printed form, and Pinky gives Opie a check for the price. This check is
a) a formal contract b) an informal contract c) a simple contract d) no contract
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 present-d
a) a unilateral contract as soon as Outdoor began to perform. b) an expired contract when Neil said that he had changed his mind c) a quasi contract when Neil said that he would pay for certain work. d) no contract
On behalf of the jazz group Synco-Passion, their manager Raul agrees to a performance in the Quay Club on May 1. Portia, acting for Quay Club, sends a written copy of the agreement to Raul to be signed. Typically, businesspersons put their contracts
a) ensure proof of the contracts' existence b) create substance from form c) obtain a check or other negotiable instrument d) practice their letters of intent
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 oblig
a) an implied contract b) an expres contract c) a quasi contract d) no contract
Following negotiations with Merchants Storage Company, Lonny enters into an informal contract to clean the loading dock. This means that the parties’ contract
a) requires no special forms b) must be drafted in form to be valid c) is indefinite and imprecise d) does not exist
Sam and Tiffany enter into an implied contract. This is a contract in which the parties’ conduct
a) defines the contract's terms b) finds the contract's facts c) terminates any unintended consequences d) undercuts any terms based on the facts
Scot enters into a contract with Tiffany that later proves voidable at Tiffany’s option. If she elects to avoid any duty to perform under the contract
a) both parties are released from it b) neither party is released from it c) only Scot is released from it d) only Tiffany is released from it
Holiday Sales Company and Global Distributors, Inc., enter into a contract for the delivery of imported specialty goods. Until the goods are delivered and paid for, these parties have
a) an executory contract b) no contract c) a quasi contract d) an informal contract
Green Grocers, Inc., enters into a contract with Hiway Transport Company for the deliv¬ery of a shipment of fresh produce. In a later dispute between these parties over the delivery, the doctrine of quasi contract cannot be used because
a) there is an actual contract covering the subject in dispute b) both of the parties involved are businesses c) at least one of the parties had greater bargaining power d) the subject of the contract was a service
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