1. Nora enters into a contract with Oscar's delivery service, which Nora drafted, for the delivery of a shipment of fresh produce. Assuming these are all the facts of the case, if there are ambiguities in the contract, a court will interpret them
A. against Nora, because she is the party who drafted the contract.
B. against Oscar, because Oscar had the greater bargaining power.
C. against the produce grower.
D. against no party, because there are no rules of interpretation that would apply in this situation.
2. “White collar crimes” include
A. burglary
B. murder
C. health care fraud
D. none of the above
3. Chung, a real estate developer, mentions to Sean that he plans to sell some property at a price below its market value. Sean gives Chung a check for the amount that Chung mentioned. Chung
A. does not have a contract with Sean, and does not have to accept the check, because he was mistaken about the market value of the property
B. has a contract with Sean
C. does not have a contract with Sean, and does not have to accept the check, because he merely indicated an intent to sell in the future
D. has a contract with Sean, but can rescind it, due to inadequate consideration
4. Philip sends an email to Dina, in which he offers to sell his car to Dina for $5,000. Dina sends him an email reply, in which she tells him that that is too much, but she will buy it for $4,000. After this series of emails,
A. Dina has a contract with Philip.
B. Dina has made a counteroffer to Philip, and has effectively rejected Philip’s offer, at the same time.
C. Philip’s offer is terminated by Dina’s statement in her reply email.
D. two of the above statements are correct.