BUL 5810 Chapter 12 Homework
Quizzes
The fact that the consideration turns out to be disappointing __________ the binding
character of the contract.
A. does affect
B. does not affect
C. sometimes affects
D. None of these are correct. - answerB. does not affect
As an exception to the rule on courts inquiring as to the adequacy of the consideration,
a court will take evidence to establish:
A. one party clearly has the better of the deal.
B. one party claims to have been defrauded.
C. one party has more business experience than the other.
D. one party shows a much lower price nationally-advertised on television. - answerB.
one party claims to have been defrauded.
All of the following will serve as adequate consideration except?
A. Forbearance to do an act.
B. Performance of services.
C. An illusory promise.
D. A promise to perform. - answerC. An illusory promise.
In some situations the courts will enforce new promises to perform an obligation that
originally was not enforceable. Which of the following would be that sort of promise?
A. An illusory promise.
B. A new promise to pay a debt barred by the statute of limitations.
C. A promise to supply all of the materials a manufacturer will need for the production of
a certain item for a specified period of time.
D. In the majority of states, a promise by a father to pay someone who rendered
emergency services to his injured son before the father had arrived at the accident
scene. - answerB. A new promise to pay a debt barred by the statute of limitations.
A contract based on __________ is not enforceable.
A. legal detriment
B. legal benefit
C. past consideration
D. unequal consideration - answerC. past consideration
Which of the following can be consideration for a promise?
A. Refraining from assaulting one's roommate.
, B. Promising to refrain from stealing from the boss.
C. Refraining from using a controlled substance.
D. Refraining from smoking cigarettes. - answerD. Refraining from smoking cigarettes.
__________ means doing that which the promise was under no prior legal obligation to
do.
A. Bargained-for exchange
B. Legal detriment
C. Bilateral
D. Illusory - answerB. Legal detriment
__________ is an unenforceable promise under the law of contract because of a lack of
consideration.
A. Fraud
B. Mutual mistake
C. Gift
D. Justifiable reliance - answerC. Gift
__________ is what each party to a contract gives up to the other in making their
agreement.
A. Contract under seal
B. Promissory estoppel
C. Consideration
D. None of these are correct. - answerC. Consideration
Ordinarily, courts do not consider the __________ of the consideration given for a
promise.
A. legality
B. assumption of the risk
C. modification
D. adequacy - answerD. adequacy
Ned's father orally promises to give him a car for his twenty-first birthday. Using the rule
in most states, can Ned legally enforce this promise?
A. Yes, Ned can sue his father based on the promise.
B. Yes, Ned can sue his promise based on the statute of frauds.
C. No, a gratuitous (or gift) promise is unenforceable.
D. No, Ned should have gotten the promise in writing. - answerC. No, a gratuitous (or
gift) promise is unenforceable.
Andrew received a bill for $500 from Jeff for a tune-up Jeff performed on Andrew's SUV.
Andrew called Jeff and told him, "The car runs no better now than before the tune-up. I
am sending you $200 and no more." Jeff received the $200 check which was marked
"paid in full SUV repair" and cashed it. Is Andrew still liable to Jeff for the remaining
$300?
A. Yes, Andrew is liable for the full amount of the repair.
Quizzes
The fact that the consideration turns out to be disappointing __________ the binding
character of the contract.
A. does affect
B. does not affect
C. sometimes affects
D. None of these are correct. - answerB. does not affect
As an exception to the rule on courts inquiring as to the adequacy of the consideration,
a court will take evidence to establish:
A. one party clearly has the better of the deal.
B. one party claims to have been defrauded.
C. one party has more business experience than the other.
D. one party shows a much lower price nationally-advertised on television. - answerB.
one party claims to have been defrauded.
All of the following will serve as adequate consideration except?
A. Forbearance to do an act.
B. Performance of services.
C. An illusory promise.
D. A promise to perform. - answerC. An illusory promise.
In some situations the courts will enforce new promises to perform an obligation that
originally was not enforceable. Which of the following would be that sort of promise?
A. An illusory promise.
B. A new promise to pay a debt barred by the statute of limitations.
C. A promise to supply all of the materials a manufacturer will need for the production of
a certain item for a specified period of time.
D. In the majority of states, a promise by a father to pay someone who rendered
emergency services to his injured son before the father had arrived at the accident
scene. - answerB. A new promise to pay a debt barred by the statute of limitations.
A contract based on __________ is not enforceable.
A. legal detriment
B. legal benefit
C. past consideration
D. unequal consideration - answerC. past consideration
Which of the following can be consideration for a promise?
A. Refraining from assaulting one's roommate.
, B. Promising to refrain from stealing from the boss.
C. Refraining from using a controlled substance.
D. Refraining from smoking cigarettes. - answerD. Refraining from smoking cigarettes.
__________ means doing that which the promise was under no prior legal obligation to
do.
A. Bargained-for exchange
B. Legal detriment
C. Bilateral
D. Illusory - answerB. Legal detriment
__________ is an unenforceable promise under the law of contract because of a lack of
consideration.
A. Fraud
B. Mutual mistake
C. Gift
D. Justifiable reliance - answerC. Gift
__________ is what each party to a contract gives up to the other in making their
agreement.
A. Contract under seal
B. Promissory estoppel
C. Consideration
D. None of these are correct. - answerC. Consideration
Ordinarily, courts do not consider the __________ of the consideration given for a
promise.
A. legality
B. assumption of the risk
C. modification
D. adequacy - answerD. adequacy
Ned's father orally promises to give him a car for his twenty-first birthday. Using the rule
in most states, can Ned legally enforce this promise?
A. Yes, Ned can sue his father based on the promise.
B. Yes, Ned can sue his promise based on the statute of frauds.
C. No, a gratuitous (or gift) promise is unenforceable.
D. No, Ned should have gotten the promise in writing. - answerC. No, a gratuitous (or
gift) promise is unenforceable.
Andrew received a bill for $500 from Jeff for a tune-up Jeff performed on Andrew's SUV.
Andrew called Jeff and told him, "The car runs no better now than before the tune-up. I
am sending you $200 and no more." Jeff received the $200 check which was marked
"paid in full SUV repair" and cashed it. Is Andrew still liable to Jeff for the remaining
$300?
A. Yes, Andrew is liable for the full amount of the repair.
