Overview
Question 1
In contract law, intent is determined by the subjective theory of contracts.
True
False
Question 2
Movers LLC promises to deliver a certain couch to Nora, who promises to pay for the service. If Movers does not perform, it may be required to
cease business.
make another promise.
pay money damages.
perform a different service.
Question 3
In general, advertisements are considered evidence of an intention to enter into a contract.
True
False
Question 4
An offer can be accepted by the offeree or any third party.
True
False
Question 5
Consideration refers to the time that a party takes to evaluate a deal.
True
False
Question 6
Rose questions whether there is consideration for her contract to perform with Saxophone Symphony. To constitute consideration, there must be
a payment.
a performance.
a bargained-for exchange.
serious thought underlying each party’s intent to contract.
Question 7
Contractual capacity is the legal ability to enter into a contract.
True
False
Question 8
Val, a minor, enters into a contract to buy a kayak and paddle from a Watercraft dealership. Later, after taking possession, Val disaffirms the deal. She
can keep both the kayak and paddle.
can keep the kayak but not the paddle.
can keep the paddle but not the kayak.
must return both the kayak and paddle.
Question 9
Intent to deceive is an element of fraud.
True
False
Question 10
Even if the defects on a piece of property are obvious, the buyer can justifiably rely on the seller’s misrepresentations concerning those defects.
True
False
Question 11
The Statute of Frauds operates as a defense to the enforcement of an oral contract for the sale of land.
Group of answer choicesTrue
False
Question 12
When the terms of a written contract are ambiguous, parol evidence is admissible to show the meaning of the terms.
True
False
Question 13
An assignment occurs before the original contract is made.
True
False
Question 14
Contract duties are not assigned—they are delegated.
Group of answer choicesTrue
False