WEEK 5 QUIZ 1 - Essaysglobe.com

QUESTION 1

If Becky promises not to drink alcohol until she becomes a legal adult in exchange for Ben’s promise of $1,000, the agreement is

	a.	enforceable because the agreement accomplishes Ben’s goal of keeping Becky from drinking.
	b.	not enforceable because Becky is a minor and could disaffirm the contract.
	c.	not enforceable because Becky does not have a legal right to drink alcohol.
	d.	enforceable because Becky is giving up the right to do something she would otherwise be entitled to do.

3.5 points

QUESTION 2

Ethel’s Exercise World plans to order three weight machines from Pete’s Push, Pedal and Pull, Inc. for a total of $15,000. Pete’s demands that Ethel’s friend, Moneybags, a wealthy independent businesswoman (not connected with Ethel’s business in any way) promise to pay Pete’s for the three machines if Ethel’s Exercise World does not. Which of the promises in this problem must be in writing to be enforceable?

	a.	The promise made by Ethel’s Exercise World to buy the weight machines.
	b.	Moneybag’s promise to pay if Ethel’s Exercise World doesn’t.
	c.	Both Moneybag’s promise and Ethel’s Exercise World’s promise.
	d.	None of the promises in this problem need to be in writing.

3.5 points

QUESTION 3

Some of the elements of a contract are acceptance, consideration, legality, and capacity.

True

False

3.5 points

QUESTION 4

When a contract falls within the Statute of Frauds but is not in writing, the contract is

a.
illegal.

b.
voidable.

c.
void.

d.
unenforceable.

3.5 points

QUESTION 5

Which of the following represents a unilateral offer?

	a.	“I will pay you $50 if you mow my lawn.”
	b.	“I will pay you $50 if you promise to trim that tree.”
	c.	“I will pay you $50 for your CD player.”
	d.	“I will pay you $50 for your backpack.”

3.5 points

QUESTION 6

Robert offers to buy a car from Jane for $400. Jane must accept this offer in order to form an enforceable contract.

True

False

3.5 points

QUESTION 7

The element of a contract that states the parties must be adults of sound mind is consent.

True

False

3.5 points

QUESTION 8

Valerie promises Teresa that she will pay Teresa $75 if Teresa will clean Valerie’s house by noon on Saturday. If Teresa cleans the house by noon on Saturday and Valerie pays the $75, then this is an implied, bilateral, executory contract.

True

False

3.5 points

QUESTION 9

Ramona, age 42, orally agreed to work for Brahma, Inc. for the rest of her life for $50,000 per year. This agreement would not be enforceable since it violates the one-year rule of the Statute of Frauds.

True

False

3.5 points

QUESTION 10

Which of the following is NOT required to establish promissory estoppel?

	a.	All of these are required.
	b.	a promise made by the defendant
	c.	reliance on the defendant’s promise
	d.	a promise made by the plaintiff in response to the defendant’s promise

	a.	illegal.
	b.	voidable.
	c.	void.
	d.	unenforceable.

QUESTION 1

QUESTION 2

QUESTION 3

QUESTION 4

QUESTION 5

QUESTION 6

QUESTION 7

QUESTION 8

QUESTION 9

QUESTION 10

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