1|Page
BLAW 3201 Test 1 LSU Mark Fry All Possible
Questions and Answers 100% Correct
General contract law governs all contracts outside the
scope of the UCC. - ....ANSWER ....✔✔ T
The difference between an express contract and an
implied in fact contract is the manner in which assent is
manifested. - ....ANSWER ....✔✔ T
A negotiable instrument, such as a check, is not a formal
contract. - ....ANSWER ....✔✔ F
A quasi contract is another name for an oral contract. -
....ANSWER ....✔✔ F
During the twentieth century it became harder to enter
into a contract as well as to get out of one. - ....ANSWER
....✔✔ F
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"I promise to pay you $100 if you will promise to fix my
car next month." This is an offer for a unilateral contract.
- ....ANSWER ....✔✔ F
A contract for the sale of a copyright is governed by
Article 2 of the Uniform Commercial Code. - ....ANSWER
....✔✔ F
Maria posted several signs in the neighborhood offering
$50 for the return of her lost cat. Dave calls to get a
description of the cat and tells Maria, "I'll look for your
cat." A contract is formed by Dave's call to Maria. -
....ANSWER ....✔✔ F
Marcus has a contract to purchase a new CD player. The
law governing this contract is Article 2 of the UCC. -
....ANSWER ....✔✔ T
All written contracts are considered to be formal
contracts - ....ANSWER ....✔✔ F
If a person who has been declared incompetent by the
courts enters into an agreement, that agreement is void,
because it does not meet all the requirements of a
binding contract. - ....ANSWER ....✔✔ T
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A contract to sell five acres of land is governed by
Article 2 of the UCC. - ....ANSWER ....✔✔ F
The Restatement and the UCC are both currently
authoritative sources of contract law. - ....ANSWER
....✔✔ T
Each party to a contract must intentionally exchange a
legal benefit or incur a legal detriment as an
inducement to the other party to make a return
exchange. - ....ANSWER ....✔✔ T
At common law a promise under a seal to authenticate it
was effective without anything more. - ....ANSWER
....✔✔ T
Albert breaches a contract with Bill in a state where the
statue of limitation is six years. Seven years later Bill
wants to sue. The contract is unenforceable, but it is
neither void nor voidable. - ....ANSWER ....✔✔ T
Quasi contract is another name for a contract that is
implied in fact. - ....ANSWER ....✔✔ F
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Article 2 of the Uniform Commercial Code does not
apply to the sale of services. - ....ANSWER ....✔✔ T
Arthur says to Bob, "If you will mow my lawn, I will give
you ten dollars." Bob says nothing, but he mows the
lawn. No contract exists under this fact situation, because
Bob did not accept Arthur's offer. - ....ANSWER
....✔✔ F
A valid contract is one that meets all of the requirements
of a binding contract. - ....ANSWER ....✔✔ T
An implied contract is as enforceable as is an express
contract. - ....ANSWER ....✔✔ T
A non contractual promise may be enforceable where
there has been justifiable reliance on the promise. -
....ANSWER ....✔✔ T
Larry says to Jeff, "If you will mow by lawn, I will give
you fifteen dollars." Under these facts, no contract is
formed until Jeff finishes mowing the lawn. - ....ANSWER
....✔✔ T
BLAW 3201 Test 1 LSU Mark Fry All Possible
Questions and Answers 100% Correct
General contract law governs all contracts outside the
scope of the UCC. - ....ANSWER ....✔✔ T
The difference between an express contract and an
implied in fact contract is the manner in which assent is
manifested. - ....ANSWER ....✔✔ T
A negotiable instrument, such as a check, is not a formal
contract. - ....ANSWER ....✔✔ F
A quasi contract is another name for an oral contract. -
....ANSWER ....✔✔ F
During the twentieth century it became harder to enter
into a contract as well as to get out of one. - ....ANSWER
....✔✔ F
,2|Page
"I promise to pay you $100 if you will promise to fix my
car next month." This is an offer for a unilateral contract.
- ....ANSWER ....✔✔ F
A contract for the sale of a copyright is governed by
Article 2 of the Uniform Commercial Code. - ....ANSWER
....✔✔ F
Maria posted several signs in the neighborhood offering
$50 for the return of her lost cat. Dave calls to get a
description of the cat and tells Maria, "I'll look for your
cat." A contract is formed by Dave's call to Maria. -
....ANSWER ....✔✔ F
Marcus has a contract to purchase a new CD player. The
law governing this contract is Article 2 of the UCC. -
....ANSWER ....✔✔ T
All written contracts are considered to be formal
contracts - ....ANSWER ....✔✔ F
If a person who has been declared incompetent by the
courts enters into an agreement, that agreement is void,
because it does not meet all the requirements of a
binding contract. - ....ANSWER ....✔✔ T
,3|Page
A contract to sell five acres of land is governed by
Article 2 of the UCC. - ....ANSWER ....✔✔ F
The Restatement and the UCC are both currently
authoritative sources of contract law. - ....ANSWER
....✔✔ T
Each party to a contract must intentionally exchange a
legal benefit or incur a legal detriment as an
inducement to the other party to make a return
exchange. - ....ANSWER ....✔✔ T
At common law a promise under a seal to authenticate it
was effective without anything more. - ....ANSWER
....✔✔ T
Albert breaches a contract with Bill in a state where the
statue of limitation is six years. Seven years later Bill
wants to sue. The contract is unenforceable, but it is
neither void nor voidable. - ....ANSWER ....✔✔ T
Quasi contract is another name for a contract that is
implied in fact. - ....ANSWER ....✔✔ F
, 4|Page
Article 2 of the Uniform Commercial Code does not
apply to the sale of services. - ....ANSWER ....✔✔ T
Arthur says to Bob, "If you will mow my lawn, I will give
you ten dollars." Bob says nothing, but he mows the
lawn. No contract exists under this fact situation, because
Bob did not accept Arthur's offer. - ....ANSWER
....✔✔ F
A valid contract is one that meets all of the requirements
of a binding contract. - ....ANSWER ....✔✔ T
An implied contract is as enforceable as is an express
contract. - ....ANSWER ....✔✔ T
A non contractual promise may be enforceable where
there has been justifiable reliance on the promise. -
....ANSWER ....✔✔ T
Larry says to Jeff, "If you will mow by lawn, I will give
you fifteen dollars." Under these facts, no contract is
formed until Jeff finishes mowing the lawn. - ....ANSWER
....✔✔ T
