Question 1
Wilson buys a lottery ticket at his local gas station. Wilson has accepted an offer for a
A. bilateral contract.
B.unilateral contract.
C.void contract.
D.unenforceable contract.
Question 2
Flo tells Ginger during a phone call that she will buy her textbook from last semester for $65. Ginger agrees. These parties have
A. no contract.
B. an express contract.
C. an implied contract.
D. a quasi contract.
Question 3
In negotiations with Coastal Distribution Company, Briggs Trucking, Inc., insists that their contract be drafted according to certain plain language laws. These laws concern the phrasing of
A. contracts.
B. ads.
C. product instruction manuals.
D. documents of delivery.
Question 4
Vernon claims that his contract with Ulani is voidable. If their contract is avoided
A. both parties are released from it.
B. both parties must fully perform their obligations under it.
C. both parties agree to a wholly different contract.
D. a wholly different contract is imposed "as if" the parties had agreed.
Question 5
Peter offers to pay Quik Delivery (QD) $50 if it picks up and delivers to him a package of business documents from Rico within thirty minutes. QD can accept the offer only by meeting the deadline. If QD performs as directed, these parties will have
A. a bilateral contract.
B. a trilateral contract.
C. a unilateral contract.
D. no contract.
Question 6
Jack promises to buy Lizette's used textbook for $60. Jack is
A. an executor.
B. an offeree.
C. a promisee.
D. a promisor.
Question 7
Demi promises to buy a house from Caleb, who promises to vacate the property on June 1. If these promises are in writing, they are most likely
A. enforceable.
B. unenforceable.
C. void.
D. voidable.
Question 8
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. Phil's education.
D. the terms of Phil's employment.
Question 9
GR8 Marketing Company and Brainfreeze Tunes, Inc., sign a document that states GR8 agrees to create a marketing campaign for Brainfreeze, which agrees to pay GR8 for the service. GR8 and Brainfreeze have
A. an executed contract.
B. an express contract.
C. an implied contract.
D. a quasi contract.
Question 10
Jim tells Dana that he will take her out to lunch on Thursday. Jim has made Dana a
A. prediction.
B. promise.
C. bilateral contract.
D. void contract.