quiz

  

Bugsy promises to pay Capone $4,000 if he “takes care” of the competition. Capone meets with the competition and disposes of him without anyone knowing. He then calls Bugsy to tell him that he should not have any more issues and demands his money. Bugsy refuses to pay telling Capone that he just made the world a better place. Capone sues Bugsy for the money.

The court will most likely find that __________________________________.

Group of answer choices

Capone will be entitled to the money because he was not in pari delecto with Bugsy.

Bugsy will not need to pay the money because he and Capone were not in pari delecto with each other.

the contract is voidable by Capone.

the contract is valid and Bugsy must pay because Capone performed his portion of the contract.

the contract is voidable by Bugsy.

the contract is void.

Sarah and Randy made a contract where Randy would remodel Sarah’s bathroom for $20,000. Sarah had until July 10 to pay for it. Randy finished the work and Sarah was quite happy with it. She gave Randy rave reviews to friends. On July 9, Sarah saw Randy and because she was so thrilled with his work she promised to give him an additional $1,000. On July 10, Sarah wrote a check for $20,000 . Randy sued Sarah for the additional $1,000.

Randy will not receive the $1,000 because of ________________:

Group of answer choices

part-payment check

past consideration

moral obligation

promissory estoppel

preexisting legal obligation

Lion King was walking through the Pride Lands when he stepped on a thorn. Timon realized why he was in pain and removed the thorn. Lion King then promised to give Timon a year’s worth supply of bugs and $2,000. Three weeks later, Timon asked for the bugs and money, but Lion King refused. 

Timon will not receive the bugs and money because of:

Group of answer choices

preexisting legal obligation

compromise and release of claim

past consideration

moral obligation

forbearance

If a contract fails to have mutuality of obligation then there may be a(n) _______________.

Group of answer choices

adequacy of consideration

past considertion

moral obligation

consideration

illusory promise

bargained-for exchange

forbearance

Which is not an exception to the writing requirement?

Group of answer choices

promisor benefit

promisee benefit

enhanced promissory estoppel

part performance doctrine

detrimental reliance

If Randy agrees to pay Sarah’s debt if Sarah should fail to pay James, then Randy has created a(n)_____________.

Group of answer choices

lien

guaranty

suretyship

estoppel

claim

Who is not a party that may handle the affairs of a deceased person and make a promise to pay claims against that person’s estate?

Group of answer choices

surety

administratrix

executor

personal representative

administrator

The State of Washington requires attorneys to be licensed to practice law in the state. Peter was an attorney, who was licensed to practice law in the State of Washington. After nine years, Peter decided he had enough of listening to clients’ complaints and placed an advertisement to sell his practice. Paul, a paralegal, thought it would be great to buy Peter’s business and offered him $125,000. Peter accepted.

The contract between Peter and Paul is enforceable.

Group of answer choices

True

False

Which of the following examples need to be in writing to be enforceable?

Group of answer choices

Katie promising to marry Luke.

A contract to hire someone for three years.

A contract made on behalf of the estate to pay claims from the decedent’s estate.

A contract that can completed within the year.

A contract to hire someone for life.

A contract for the sale of a car for $499.

Annie had an insurance policy with We Cover You Insurance Co. One day, Annie decided to meet her friends for a girls’ night and a couple of drinks. Subsequently, Annie was injured when she fell down some loose stairs; however, the insurance company refused to pay the claim because the policy did not cover injuries due to alcoholism. Annie sued, claiming that the term alcoholism was ambiguous. 

The court will rule in favor of the insured.

Group of answer choices

True

False

Which of the following are not considered by the courts when interpreting contracts?

Group of answer choices

the parties’ intent

the parties’ conduct

unambiguous terms

a word’s ordinary meaning

the customs and usages of trade

Victor purchased 200 widgets from the Samson Factory, Co. for $20,000. Part of the contract was printed while the other part was typewritten. There was an error in pricing between the printed portion and the typewritten portion.

The printed portion would control when there is an error.

Group of answer choices

True

False

Victor purchased 200 widgets from the Samson Factory, Co. for $20,000. Part of the contract was printed while the other part was handwritten. There was an error in pricing between the printed portion and the handwritten portion.

The handwritten portion would control when there is an error.

Group of answer choices

True

False

Which of the following is an implied obligation in a contract? (Select 2)

Group of answer choices

fair dealing

injure the other party

good faith

create hardship

unfair dealing

bad faith

The following are exceptions to the consideration requirement: (Select 3)

Group of answer choices

option contracts

firm offers

doctrine of promissory estoppel

charitable subscriptions

forbearance

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *