LGS 200 Abigail Hammonds exam 2 PRACTICE
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You go out drinking and playing No, he can't, if you were so intoxicated that you
cards with your buddies. After you could not form the mental capacity to enter into a
have consumed a huge amount of contract, and your buddy knew you were
alcohol, you agree to sell your intoxicated.
motorcycle to your buddy. The next
morning, after you sober up, your
buddy tells you what you did.
Do you think your buddy can legally
hold you to the deal to sell him your
motorcycle?
,Which of the following is a valid 2. Eric offers to buy Arun's house for $775,000 with
offer? no contingencies because Eric's lease ends in two
1. Arun distributes flyers at work months. Arun wants to think about it and six days
stating he wants to sell his house, later has not yet responded.
listing the address and the asking
price.
2. Eric offers to buy Arun's house for
$775,000 with no contingencies
because Eric's lease ends in two
months. Arun wants to think about it
and six days later has not yet
responded.
3. Eric offers to buy Arun's house for
$290,000. Arun says, "No, but I will
sell it to you for $300,000." Eric
seems to be upset, so Arun says he
will sell it for $290,000.
4. Arun tells Eric he will sell one of
his houses for $250,000 by the end
of the summer.
Which act or statement is a valid A detailed advertisement
offer?
What type of acceptance requires an Unilateral contracts
affirmative action for the offeree to
accept that offer?
, Lilly hired Harris Lawn Service to cut 1. Lilly's silence is acceptance because of the
her grass one summer, and paid parties' past dealings.
through automatic charges to her 2. Lilly's silence is acceptance because the offeree
credit card. After taking three months accepted the benefit offered.
off for winter weather, Harris staff cut
Lilly's grass for four weeks in a row
before charging the fees on Lilly's
credit card. Lilly protested the
charges, stating she did not hire the
company to cut grass for the second
summer. Harris sues Lilly. What law
applies? Choose 2 answer choices.
Which situation would be considered Pam agrees to pay Derek $500 if he does not sit
sufficient consideration for a contract next to her in class anymore.
to exist? (Forbearance)
What are the elements of 1. something of value from each party
consideration? Choose 2 answer 2. an exchange to which the parties agree
choices.
Which type of lack of capacity is Minor status
easiest to prove?
Samuel has mental competency 1. The contract is voidable if Samuel was
issues. Samuel entered into a incompetent at the time the contract was formed.
contract with Beth, but now Samuel 2. The contract is void if Samuel has been
is petitioning the court to terminate previously determined to be mentally incompetent.
the contract. What options does the
court have in ruling in the case?
Choose 2 answer choices.
What is an exception to the statute Promissory Estoppel
of frauds?
Edit Save
You go out drinking and playing No, he can't, if you were so intoxicated that you
cards with your buddies. After you could not form the mental capacity to enter into a
have consumed a huge amount of contract, and your buddy knew you were
alcohol, you agree to sell your intoxicated.
motorcycle to your buddy. The next
morning, after you sober up, your
buddy tells you what you did.
Do you think your buddy can legally
hold you to the deal to sell him your
motorcycle?
,Which of the following is a valid 2. Eric offers to buy Arun's house for $775,000 with
offer? no contingencies because Eric's lease ends in two
1. Arun distributes flyers at work months. Arun wants to think about it and six days
stating he wants to sell his house, later has not yet responded.
listing the address and the asking
price.
2. Eric offers to buy Arun's house for
$775,000 with no contingencies
because Eric's lease ends in two
months. Arun wants to think about it
and six days later has not yet
responded.
3. Eric offers to buy Arun's house for
$290,000. Arun says, "No, but I will
sell it to you for $300,000." Eric
seems to be upset, so Arun says he
will sell it for $290,000.
4. Arun tells Eric he will sell one of
his houses for $250,000 by the end
of the summer.
Which act or statement is a valid A detailed advertisement
offer?
What type of acceptance requires an Unilateral contracts
affirmative action for the offeree to
accept that offer?
, Lilly hired Harris Lawn Service to cut 1. Lilly's silence is acceptance because of the
her grass one summer, and paid parties' past dealings.
through automatic charges to her 2. Lilly's silence is acceptance because the offeree
credit card. After taking three months accepted the benefit offered.
off for winter weather, Harris staff cut
Lilly's grass for four weeks in a row
before charging the fees on Lilly's
credit card. Lilly protested the
charges, stating she did not hire the
company to cut grass for the second
summer. Harris sues Lilly. What law
applies? Choose 2 answer choices.
Which situation would be considered Pam agrees to pay Derek $500 if he does not sit
sufficient consideration for a contract next to her in class anymore.
to exist? (Forbearance)
What are the elements of 1. something of value from each party
consideration? Choose 2 answer 2. an exchange to which the parties agree
choices.
Which type of lack of capacity is Minor status
easiest to prove?
Samuel has mental competency 1. The contract is voidable if Samuel was
issues. Samuel entered into a incompetent at the time the contract was formed.
contract with Beth, but now Samuel 2. The contract is void if Samuel has been
is petitioning the court to terminate previously determined to be mentally incompetent.
the contract. What options does the
court have in ruling in the case?
Choose 2 answer choices.
What is an exception to the statute Promissory Estoppel
of frauds?
