LECTSTEPHEN
GOVT 404 QUIZ 2 fall 2019
• Question 1
5 out of 5 points
Which of the following is a false statement regarding consideration?
Selected
Answer: An unfair bargain cannot constitute consideration since nobody
would genuinely bargain for a contract that is notfair.
• Question 2
5 out of 5 points
Which of the following can serve as consideration?
Selected
Answer: Both a
andb.
, • Question 3
5 out of 5 points
Angus is a drywall contractor. He learns that his neighbor, Bonnie, hadsome water
damage and has been talking to Drywall Solutions, anotherdrywall contractor, to
complete the repairs. Angus tells Bonnie that shedoes not need to hire a drywall
contractor and that he will perform the
work at no cost if Bonnie will supply the drywall materials. Bonnie calls Drywall
Solutions, which had offered to do the work for $3,000, and tellsthem not to come.
Angus subsequently refuses to do the work. Bonnie hasto pay a third drywall
contractor $4,000 to complete the job. What argument should Bonnie make to
recover from Angus?
Selected
Answer: That Bonnie relied on Angus’s promise to her
detriment.
• Question 4
5 out of 5 points
True or false: An agreement modifying a contract governed by the UCC does not
require any consideration to be binding, but must be made ingood faith.
SelectedAnswer:
GOVT 404 QUIZ 2 fall 2019
• Question 1
5 out of 5 points
Which of the following is a false statement regarding consideration?
Selected
Answer: An unfair bargain cannot constitute consideration since nobody
would genuinely bargain for a contract that is notfair.
• Question 2
5 out of 5 points
Which of the following can serve as consideration?
Selected
Answer: Both a
andb.
, • Question 3
5 out of 5 points
Angus is a drywall contractor. He learns that his neighbor, Bonnie, hadsome water
damage and has been talking to Drywall Solutions, anotherdrywall contractor, to
complete the repairs. Angus tells Bonnie that shedoes not need to hire a drywall
contractor and that he will perform the
work at no cost if Bonnie will supply the drywall materials. Bonnie calls Drywall
Solutions, which had offered to do the work for $3,000, and tellsthem not to come.
Angus subsequently refuses to do the work. Bonnie hasto pay a third drywall
contractor $4,000 to complete the job. What argument should Bonnie make to
recover from Angus?
Selected
Answer: That Bonnie relied on Angus’s promise to her
detriment.
• Question 4
5 out of 5 points
True or false: An agreement modifying a contract governed by the UCC does not
require any consideration to be binding, but must be made ingood faith.
SelectedAnswer:
