1. Dick has made a statement that the average person would realize is puffery. Dick is guilty of?
2. In Leonard v. Pepsico, the court ruled against Leonard and refused to enforce the purchase of a Harrier Jet because?
3. Abel sends Baker a letter: "I offer to perform consulting services for six months at $100/month." Baker signs "I agree." This contract fits into which category?
4. A contract in which one party may either disaffirm or enforce a contract is?
5. Helsel goes to see a physician concerning a particularly harsh flu. The doctor examines him prescribes medication, and gives him a bill for medical services. This agreement falls into which category of contracts?
6. The owner of an office building hires an architect to produce renovation plans for a $5,000 fee. The owner retains the plans once the fee is paid. What source of law governs this contract?
7. Digital signatures are recognized under state statutes that have passed what act?
8. Hyde hires an arsonist to set a warehouse on fire for $1,000. This agreement is legally?
9. Holmes Hats agrees to sell 100 top hats to a formal wear store and deliver them no later than April. This agreement falls into what category of contracts?
10. The owner of a warehouse contracts with Satellite Services for the purchase and installation of satellite dishes at the warehouse. the contract allocated $8,000 for the satellite and $2,000 for installation. Which source of law governs this contract?
11. When two parties agree to use an electronic-commerce method for a transaction, what sets out procedural guidelines that recognize electronic records and signatures under the law?
12. A contract that meets all of the statutory requirements to form a contract but is subject to a legal defense is what kind of an agreement?
13. Cardozo Candies agrees to sell 100 boxes of chocolate to a retail store and deliver them in one week. This agreement falls into what category of contracts?
14. What actions by parties are events of termination of an offer?
15. What events of termination of an offer via operation of law?
16. T/F: When a party successfully sues for an equitable remedy for a breach of contract, they do not receive a monetary award
17. T/F: When an accord and satisfaction is agreed to, the original obligation subject to the accord is immediately discharged
18. T/F: Nominal damages are rarely awarded in contract cases
19. T/F: Craig is a licensed plumber and has a contract to install a replacement toilet for Mary. When Craig realizes that he has booked two appointments simultaneously, he calls Brian, another licensed plumber and asks him to install Mary's toilet. Craig has assigned his duties to Brian
20. T/F: A party to a contract may be discharged from performance due to operation of law if the other party unilaterally alters the contract