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Exam 6: Overview and Language of Contracts

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Question 21

True/False

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A building manager hires a painting company to paint the common areas in the building. The manager will supply all of the paint. This contract is a hybrid contract.

A) True
B) False

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Question 22

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Brandi orally tells landscaper Mike, "If you trim my hedges, I'll pay you $50." Mike trims her hedges. Which of the following is correct?

A) This is a unilateral contract.
B) This is a bilateral contract.
C) This is a formal contract.
D) This is a quasi-contract.

E) B) and D)
F) B) and C)

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Question 23

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If one part of the contract becomes illegal or impossible to perform, the remaining contract components remain in effect if:

A promise that can be accepted only by the performance of the person to whom it is offered is an example of:

All of the following are necessary elements of a contract except:

A consulting contract between a management consulting firm and a software company is governed by what source of law?

A legal defense renders a contract unenforceable, even though it has the necessary elements of a valid contract.

In lawsuits that involve both goods and services, how is the proper source of law to enforce and govern the agreement established?

All of the following are examples of formal contracts except:

A contract in which each component of the contract is dependent on every other component is called:

A contract formed from a party's actions rather than the party's words is called a(an) ________ contract.

A contract that meets one or more specific requirements of construction is considered:

In general, contracts for services are governed by:

What are some examples of contracts in the business context, and how does having an understanding of contract law help business owners and managers?

Helen's cat Fluffy has run away, and she places reward posters throughout her neighborhood. Mark sees one of the reward posters and spends the next six hours searching for Fluffy. While Mark is searching the neighborhood, Fluffy gets hungry and comes home.

Aimee goes online and orders a suit for work that consists of a jacket and skirt. This is an example of:

Parties must be of proper age and mental competence to have ___________ to contract.

In Chattler v. U.S., a passport applicant claimed that the government breached its contract with her when it failed to process her application in a timely manner, even after she paid a fee for expedited processing. Chattler asserted that the expedited process was a valid offer that she accepted by paying the $60 fee. How did the court rule, and what must be present to find mutual assent?

Alan lives in a beachfront home, and one morning he discovers an adult woman who has washed up on shore and is unconscious. Alan takes her into his home and administers aid to her. She awakens after a few hours but has amnesia, not knowing who she is or how she ended up washed ashore on his property. Alan cares for her for two weeks, and then her memory returns. She fell overboard while sailing with her wealthy parents on their yacht. She tells him that her name is April, and she provides him with contact information for her parents. Naturally, when Alan calls, they are ecstatic. They tell Alan that they will fly in to pick her up the next day and that he should tally up his expenses and they will reimburse him for his costs. When they arrive, Alan gives them the cost sheet, which they refuse to pay. Does Alan have any rights against the parents? Does Alan have any rights against April?

To have __________ assent, there must be an offer and agreement between the parties.