... A contract in which both parties are legally bound to perform their side of the agreement. Siegel's contracts: essay and multiple-choice. Welcome to Contracts! Upon her graduation, however, the uncle refused to give the student any money. This was a good price, and the president of Distrucorp personally mailed back to WidgeCo Distrucorp's standard printed acceptance form. (B) The couple, because the parol evidence rule will bar the nanny from bringing in evidence of the previous negotiations. The advertisement welcomed bids from subcontractors to perform various functions, such as plumbing, electrical work, and masonry. Baker received Able's letter on June 8, and on June 10 dropped a signed letter accepting the offer and agreeing to sell the property into the mailbox on the corner of his street. Lawyers for MacDougall's subsequently drafted a written agreement, sent it to TM, whose lawyers modified the draft, and returned the modified draft to MacDougall's. She spent several months looking into business opportunities in her free time, at which point the brother told her that he had changed his mind and decided not to fund any venture with the sister. Multiple Choice Questions about law school contracts course. I want you to look as sweet and delicate as an Irish rose.' The woman stated that she needed some time to think about it. Producer hired Player to take Fiddler's part in the orchestra. However, the parties' agreement did not specify any minimum number of frames that the eyeglass-frame manufacturer was required to fabricate during the contract's term. George completed his harvest by September 10 and had 800 tons of premium quality grapes. A week later, WidgeCo had sent no additional communication to Distrucorp. There were no city ordinances or state laws that required that Ruby be given a reason for the termination or a hearing, and she was given neither. The painter brought a breach of contract action against the homeowner for the cost of supplies. If Zeller tenders 95 bushels of wheat to Baker on August 1, and Baker refuses to accept or pay for any of the wheat, which of the following best states the legal relationship between Zeller and Baker? Multiple-choice questions, just circle the letter of your choice: no consideration is given to. If Winnie in fact has a half interest in the racing car: Odivia owned Homeacre, on which both a house and a garage were located. No, because Prodigal's right, if any, to the funds on deposit was effectively abrogated by the second Mater-Vault deposit agreement. Specific performance is not an appropriate remedy if nominal legal damages are available to Odivia. Because the budget had been approved and all available funds had been committed to nonengineering equipment purchases, Jackson mailed the acceptance letter anyway and it was delivered to Cruz at ICT. A dental-school student learned that a classmate was from the same small town. On February 3, Smithson sent Ridewell a letter confirming the deal and stating that Smithson was counting on a 20% discount due to the size of the purchase. The company declared bankruptcy and did not fully pay the subcontractor. Restriction of non-gratuitous promises, So that you cannot accept offers, That I give so that you may give, That there are no formal restrictions, To restrict contract … After starting the job, the contractor discovered that the damage was much worse than either party initially had believed. In reliance on this promise, the student went on the trip, charging all expenses on her credit card. Wendy therefore entered into a written agreement with contractor Brikk whereby Brikk would build a house on the property for $300,000. The subcontractor, afraid that the company would not be able to pay for the appliances, asked the man to guarantee payment in the event that the company was unable to pay. Victim gave Insurer a signed release and received a signed memorandum wherein Insurer promised to pay Victim $5,000 by check within 30 days. All the elements of consideration are present B. Legality of consideration C. Consideration wasn’t a bargained-for exchange No, because Andrew's rejection was communicated to Patrick before his letter of acceptance was received. When confronted by Lehman, Sanders admitted everything, then went to his apartment and committed suicide. (A) Yes, because World of Ink had not validly revoked its offer before Mary's acceptance. The contract contained a clause stating that the business had the right to return the equipment for a partial refund but did not specify a deadline for return. Ruby, a graduate of the police academy, was with the city police department for eight months when she was terminated. She told the salesperson to bring her a pair to try. The restructured food production system was installed and in operation in all Richmond MacDougall's restaurants on October 1, 2004. The signed contract between the client and the attorney stated that the attorney would earn a flat rate of $5,000 and that the client would also be responsible for miscellaneous costs such as filing fees, copying, and postage. Please choose a number of questions. (D) No theory of recovery is likely to be successful, because a promise to make a gift is not enforceable in these circumstances. Jenny is entitled to recover: Via a circular, WidgeCo, a manufacturer of widgets, sent an offer to Distrucorp, a major wholesaler. Babe was touched by Jimmy's will to live despite a very poor prognosis. Specific performance is an equitable remedy, and because Odivia waited for over a year to sue, the equitable defense of laches will apply. Chapter 7: Multiple choice questions. $2,000, which represents the difference between Plunger's bid and the amount Jenny had to pay for plumbing work. 0 Correct. Contracts Law: Consideration, offer, acceptance, the sales of goods. The landlord was negotiating a lease for Building 101 with a potential tenant. Lehman was a limited partner in Bountiful Homes, a partnership organized by Lehman's nephew, Sanders, which purchased land, subdivided it, then constructed and sold single-family residences on the lots thus created. For the first six months of the contract, Hair of the Dog ordered from Pet Products 10 cases of pet food per month. Babe can recover the $5,000 because the preexisting duty rule does not apply where the duty is owed to a third person. CONTRACTS MULTIPLE CHOICE QUESTIONS 1. Given that G gives F no choice but to accept the reduced payment of £2,000 because otherwise F will receive 1 (1884) 9 App Cas 605 2 (1602) 5 Co Rep 117 3 O’Sullivan, J. and Hilliard, J. Multiple Choice Practice. Dorothea was 23 years of age and engaged to be married to Pemberton d'Argent, a rich, polo-playing investment banker. If SCE brings a breach of contract action against ICT, what result? Movie tickets in the neighborhood generally cost $15, although the woman had received free passes to this movie. One week after the start of the tour, Fiddler was hospitalized with a bad back and was unable to perform. On June 3 of the following year Odivia filed suit for specific performance against Eero. The jurisdiction statutorily limited the liability of limited partners for debts of the partnership or acts of the general partner to the extent of their investment in the partnership, but being unaware of this, Lehman believed himself liable to all who had claims against Bountiful Homes. Insurer issued another memorandum identical to the first, and Victim assigned it to ABC Furniture to secure a $5,000 credit sale contract. The lowest plumbing bid was from Plunger, who bid $10,000. On day 1, the seller signed the contract. On day 4, the postal worker who was delivering the letter saw the buyer's name on the envelope, realized that the address was in error, and delivered the letter to the correct address. Martha tried on each of the four pairs but did not like the way any of them looked. An uncle told his nephew, who was planning to take a job at a brokerage firm after college, that the uncle wanted to buy him his first briefcase. Tortfeasor tortiously injured Victim in an auto accident. The advertisement welcomed bids from subcontractors to perform various functions, such as plumbing, electrical work, and masonry. Subsequently, Mater became disgusted with Prodigal's behavior and decided to give the same savings account solely to her beloved adult daughter Distaff. A buyer sent a contract in the mail for a seller to sign and return. Topics. Jackson, chancellor of Seaport College of Engineering ('SCE'), also received a letter from Cruz. Multiple Choice Questions (10 Questions 20 Minutes) 1. Upon graduation, the friend's son asked the lawyer to help him find a job, but the lawyer refused. On day 2, the seller placed the contract in an envelope and mailed it. No, because Smithson's February 3 letter varied the terms of Ridewell's offer. The homeowner paid the painter exactly $500. A lends 10 lakh to B for a year. A group of friends attended a party. Breach of the implied warranty of merchantability.III. Yes, but only if its February 3 letter contained the quantity term. The agreement specified a graduated licensing fee that was based on the number of eyeglass frames the manufacturer fabricated annually. The contract specified the woman's duties, salary, benefits, holidays, start date, and other material terms. The landlord and the tenant later executed a written lease agreement for "Building 101" that made no specific mention of the parking spaces. Contract content and meaning. The neighbor responded, "I accept if you promise not to make any noise before 10 a.m.". Multiple choice Questions on Business Law. During a post-game interview, Babe explained, 'I did it for little Jimmy, who is in the hospital.' If MSU brings an action for breach of contract against ICT, what result? On September 11, an unexpected rain ruined 400 tons, and George notified Walter and Vinnie on that day that he would only be able to deliver 250 tons to Walter and 150 tons to Vinnie. The contractor told the woman that while he would not need any additional materials to complete the job, he would need to spend several extra days working on it. She then sued Plunger for damages. Nothing, because Jenny did not accept Plunger's bid before it was withdrawn. In fact, this rule was enacted before Charlesville had a police academy, and now a prospective police officer spends six months in the academy before being hired by the city. However, the singer wanted the hairstylist to continue to travel with her in case her hair grew back. A woman was considering purchasing an expensive rug from a merchant. She wanted shoes that were suitable for walking on concrete, had gripping power for stairs, and were comfortable. Hospital promptly assigned for value the settlement memorandum and negotiated the note to Holder, who took the note as a holder in due course. Any amendments to this agreement must be in writing signed by both parties. Over a period of several months, Odivia made many calls to local contractors, but none of them would agree to do the job for the price agreed upon by Eero. On September 15, what is Walter's Winery's legal position with regard to George's failure to deliver the 500 tons of grapes required by his contract? 0 Incorrect. After extensive negotiations, it was orally agreed that TM would redesign the food production area of MacDougall's restaurants, including modification of cooking equipment, if necessary, so that, using existing MacDougall's food products, savings in labor costs through reduction in restaurant cooking staffs would result. In the seventh month, the owner of Hair of the Dog sold the shop, inventory, and accounts receivable to Amalgamated Pet Shops, a chain operation. If Amalgamated brings suit, the court should hold that: Babe was a professional baseball player who was known both for his prowess at the plate and his perceived 'heart of gold.' Judgment for Jones, because he assented to the original agreement. Yes, because MacDougall Corporation continued to use the new food processing system and was aware that TM expected to be paid for its services. Patrick was exasperated with the smog in Big City and sent Andrew the following letter on January 1: Andrew, my family and I are moving out of here and going to live on a tropical island. This definition is given by: A. Salmond . Pet Products did not have the means to fill such a large order and refused to deliver 5,000 cases. The nephew ordered a designer leather briefcase that cost $3,000, which the nephew charged on a credit card. Lose, because a rescission has taken place. A company offered a woman a job contract. 4. A landlord owned a large piece of commercial property that housed several buildings and a common parking lot. The carpenter called the neighbor and offered to replace the handrail the following Saturday for $100. (III. MULTIPLE CHOICE QUESTIONS ON CONTRACT ACT 1. I. To raise his chances of collecting the $5,000 from Joe, Babe took extra batting practice before his next game, and the practice paid off because in his next game, Babe hit two home runs. This left insufficient subterranean support to construct the house as planned. Legal scholars agree that generally, a contract doesn't need to include anything other than a statement that "the parties agree." Odivia entered into a written agreement with contractor Eero, who agreed to do the job personally for $12,500, which included all requisite plumbing, electrical, and carpentry work. Win, because the dollar amount of the agreement is large enough that the Statute of Frauds applies. B. Sinead accompanied Sheila to the ethnic festival wearing the shawl, and Sheila was very pleased. (D) The seller completed almost half the order before the accountant canceled the order. If Prodigal now sues Vault Savings and Loan for $10,000 plus accrued interest, will the action succeed? (D) No, because the man did not provide the required consideration to keep the neighbor's offer open. 2. When the nephew sent the receipt to the uncle, the uncle immediately told the nephew that he had changed his mind and couldn't afford to buy the nephew a briefcase. On Monday, Harry offered to sell his car to Ron for $2,000 if Ron delivered the purchase price in cash to Harry by Friday. Smithson accepted immediately. QUESTIONMater, a wealthy widow, wishing to make a substantial and potentially enduring gift to her beloved adult stepson, Prodigal, established with the Vault Savings and Loan Association a passbook savings account by an initial deposit of 10000.For this question only, assume the following facts. Contemporaneously, the woman and the seller signed a separate document in which the seller agreed to repaint the house. The company contracted with a subcontractor to install appliances in the building. She walked out without paying, and the friend sued her in small claims court. and its offer was therefore irrevocable. Wendy wanted to give Dorothea a very special wedding gift. Amalgamated promptly notified Pet Products of the sale and assignment. (B) The court is likely to partially enforce the promise, in the amount of approximately $12,500 plus any expenses that the nephew would incur if he left the program, under the doctrine of promissory estoppel. Later it was discovered that Hospital had mistakenly overbilled Victim by the amount of $1,000 and that Tortfeasor was an irresponsible minor. Zeller has a cause of action against Baker, because Zeller has substantially performed his contract. As part of the sale, Hair of the Dog assigned to Amalgamated the contract with Pet Products. The next day, the woman returned to the dealership to pay for the convertible. The man picked up an empty beer can and successfully threw it into the trash can across the room. (C) No, because the evidence would be offered to contradict the parties' final agreement as to price, which final agreement was reflected in the written contract. Ron Restaurateur offered in writing to purchase 1,000 bushels of peaches from Paul's Peach Orchard for $20 per bushel. Home » Multiple Choice Questions On Law of contract » Objective Questions with Answers on Law Of Contracts - 18. If the parties to an otherwise-valid contract failed to provide for a particular situation that arose after the contract was formed, what should a court do? Lose, because Jenny and Plunger mutually agreed to a release. Neither can recover because Victim, the assignor, is a third-party beneficiary of the liability policy, whose rights thereon can be no better than Tortfeasor's. Question 1 Which of the following are essential features of a valid simple contract? Multiple Choice CLICK HERE TO DOWNLOAD THIS TUTORIAL INSTANTLY $11.99 Only 1. He and Bob signed a contract for sale of one of Sam's hand-built race cars for $25,000, the price to be paid and the car to be delivered one week later. The friend signed an agreement that she would paint the woman's house the following weekend, barring any rain. 25 Total MCQs. After she finished her first year, her uncle told her that he was so proud of her attending college that he would pay for her remaining three years. A student enrolled at a private college. Upon her return home, however, the hairstylist sued the singer for the difference between what she was paid and what she would have been owed under the original contract. (Which of the following represents the correct combination of legal theories that support Sinead's case against Sheila's estate? Multiple Choice a.Contracts under seal and letters of credit, but not implied-in-law .contracts Implied-in-law contracts ... Only 10 states allow contracts under seal. A client hired an attorney to handle a business dispute. When Emanuel turned 65, he decided that the time had come to retire, and decided to transfer his business to his daughter, Emmanuelle. By January 1, Smith had only worked five hours for Brown, and Brown stated to Smith that he would not pay Jones because Smith had not worked enough. (IV. However, Sinead really loved Aunt Sheila and did not want to hurt her feelings. (B) No, because the neighbor could not accept an offer that he did not know existed. Since then, property values in the area have increased by approximately 30%. TM immediately began work on the restructuring of MacDougall's food processing methods. A farmer sought to have a fence repaired. Judgment for Brown, because the original agreement was modified before Jones's rights became vested. Multiple Choice Questions about law school contracts course. The contract she signed stated that she would receive the building and "its contents" for a certain price. The parties reduced the terms of their agreement to a writing, which included all the terms necessary to a land sale contract. The purchase order contained the provision that "Seller agrees to warrant that the bulbs supplied shall be good for at least 2,000 hours." Nationwide installation of the new system in all MacDougall's restaurants was completed on January 30, 2005. Jenny, a general contractor, advertised in a trade publication that she planned to bid on the construction of a new building to be located in the Civic Mall. Any agreement between Wolcott and Smith was discharged by novation because of the agreement between Smith and Lehman. Fourteen months later, the son married the politician's daughter. Yes, because Andrew's letter of acceptance was effective when he mailed it. There is an enforceable contract only if Bob was unaware of Winnie's interest when he signed with Sam. Promptly notified Pet Products prompt notice of the agreement were contained in the contract required that Hair the! Within a year same small town 1.5 million were completely made of the buy... 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