BSAD 4210 QUIZZES and answers
already passed
Abby, who is on the telephone, offers to sell Valerie her bicycle for $400, and
Valerie accepts. Valerie is over 18. Is this agreement a contract?
A. Yes, because a contract automatically is formed when an offer is accepted.
B. Yes, because all contractual requirements are met.
C. No, because the agreement is not in writing.
D. No, because no consideration is given. - correct answer B
A contest offers $100 to the best two essays handed in by Saturday. Jake and
Ryan are selected as the winners. What type of contract exists between Jake,
Ryan and the operators of the essay contest?
A. Unilateral
B. Bilateral
C. Trilateral
D. None of the above - correct answer A
Jenifer calls Allan and orally offers to sell him her computer for $500. Allan
accepts. What kind of contract has been formed?
A. Express
B. Implied
C. Quasi
D. None of the above - correct answer A
Kristen comes up to Tim's car when it is stopped at a red light and washes the
windshield. What kind of contract has been formed?
,A. Express
B. Implied
C. Quasi
D. None of the above - correct answer D
Andre drops off his shirts at the cleaners. The clerk writes down his name,
and nothing else is said. What kind of contract has been formed?
A. Express
B. Implied
C. Quasi
D. None of the above - correct answer B
Amy orders a stove from Best Buy for $1,000. They deliver the stove, and
Amy refuses to pay them. What kind of contact has been formed?
A. Express
B. Implied
C. Quasi
D. Both a and c - correct answer A
Carson and John write out a simple contract and put it in an envelope. What
type of contract have they formed?
A. A formal contact
B. An informal contract
C. A contract under seal
D. None of the above - correct answer B
,Noah hires Cooper to take a truck filled with marijuana to California for
$10,000. What type of contract has been formed?
A. Valid
B. Void
C. Voidable
D. Unenforceable - correct answer B
Sara makes a contract in which she will sell her car to Ben for $5,000. The
contract has been signed, but no further action has taken place. What type of
contract is it at this moment?
A. Executed
B. Executory
C. Void
D. None of the above - correct answer B
Damon makes a contract in which he will sell his car to Matt for $5,000.
Damon has delivered the car, and Matt has paid the $5,000. What type of
contract is it at this moment?
A. Executed
B. Executory
C. Void
D. None of the above - correct answer A
Katelyn makes a contract in which she will sell her car to Maddie for $5,000.
Katelyn has delivered the car, but Maddie has not yet paid the $5,000. What
type of contract is it at this moment?
A. Executed
B. Executory
, C. Void
D. None of the above - correct answer B
James and Bill formed a contract six years ago and James has still not fulfilled
his part of the bargain. The statute of limitations in their state is four years.
What kind of contract exists today?
A. Valid
B. Void
C. Voidable
D. Unenforceable - correct answer D
Alex, who is 14, orders 12 CDs from a mail order music club for a penny. HE
signs an agreement to buy 6 more over the next three years. What type of
agreement has been formed?
A. Valid
B. Void
C. Voidable
D. Unenforceable - correct answer C
Jeff jokingly offers to sell his farm to Ron for $100. Ron accepts, and demands
the farm after giving Jeff his $100. What is Jeff's best argument that a contract
was not formed?
A. He did not mean to make an offer; he was joking.
B. There is no consideration.
C. A reasonable person would not think an offer to sell a farm for only $100
was a serious one.
D. None of the above. - correct answer C
already passed
Abby, who is on the telephone, offers to sell Valerie her bicycle for $400, and
Valerie accepts. Valerie is over 18. Is this agreement a contract?
A. Yes, because a contract automatically is formed when an offer is accepted.
B. Yes, because all contractual requirements are met.
C. No, because the agreement is not in writing.
D. No, because no consideration is given. - correct answer B
A contest offers $100 to the best two essays handed in by Saturday. Jake and
Ryan are selected as the winners. What type of contract exists between Jake,
Ryan and the operators of the essay contest?
A. Unilateral
B. Bilateral
C. Trilateral
D. None of the above - correct answer A
Jenifer calls Allan and orally offers to sell him her computer for $500. Allan
accepts. What kind of contract has been formed?
A. Express
B. Implied
C. Quasi
D. None of the above - correct answer A
Kristen comes up to Tim's car when it is stopped at a red light and washes the
windshield. What kind of contract has been formed?
,A. Express
B. Implied
C. Quasi
D. None of the above - correct answer D
Andre drops off his shirts at the cleaners. The clerk writes down his name,
and nothing else is said. What kind of contract has been formed?
A. Express
B. Implied
C. Quasi
D. None of the above - correct answer B
Amy orders a stove from Best Buy for $1,000. They deliver the stove, and
Amy refuses to pay them. What kind of contact has been formed?
A. Express
B. Implied
C. Quasi
D. Both a and c - correct answer A
Carson and John write out a simple contract and put it in an envelope. What
type of contract have they formed?
A. A formal contact
B. An informal contract
C. A contract under seal
D. None of the above - correct answer B
,Noah hires Cooper to take a truck filled with marijuana to California for
$10,000. What type of contract has been formed?
A. Valid
B. Void
C. Voidable
D. Unenforceable - correct answer B
Sara makes a contract in which she will sell her car to Ben for $5,000. The
contract has been signed, but no further action has taken place. What type of
contract is it at this moment?
A. Executed
B. Executory
C. Void
D. None of the above - correct answer B
Damon makes a contract in which he will sell his car to Matt for $5,000.
Damon has delivered the car, and Matt has paid the $5,000. What type of
contract is it at this moment?
A. Executed
B. Executory
C. Void
D. None of the above - correct answer A
Katelyn makes a contract in which she will sell her car to Maddie for $5,000.
Katelyn has delivered the car, but Maddie has not yet paid the $5,000. What
type of contract is it at this moment?
A. Executed
B. Executory
, C. Void
D. None of the above - correct answer B
James and Bill formed a contract six years ago and James has still not fulfilled
his part of the bargain. The statute of limitations in their state is four years.
What kind of contract exists today?
A. Valid
B. Void
C. Voidable
D. Unenforceable - correct answer D
Alex, who is 14, orders 12 CDs from a mail order music club for a penny. HE
signs an agreement to buy 6 more over the next three years. What type of
agreement has been formed?
A. Valid
B. Void
C. Voidable
D. Unenforceable - correct answer C
Jeff jokingly offers to sell his farm to Ron for $100. Ron accepts, and demands
the farm after giving Jeff his $100. What is Jeff's best argument that a contract
was not formed?
A. He did not mean to make an offer; he was joking.
B. There is no consideration.
C. A reasonable person would not think an offer to sell a farm for only $100
was a serious one.
D. None of the above. - correct answer C
