LGS 200 Abigail Hammonds Exam 2
PRACTICE 2025/2026 Exam All Answers
1
and Illustrations Given
You go out drinking and playing cards with your buddies. After you have
consumed a huge amount of alcohol, you agree to sell your 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? - 🧠 ANSWER ✔✔No, he can't, if you were so intoxicated that you
could not form the mental capacity to enter into a contract, and your buddy knew
you were intoxicated.
Which of the following is a valid offer?
1. Arun distributes flyers at work stating he wants to sell his house, 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.
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,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
2
$290,000.
4. Arun tells Eric he will sell one of his houses for $250,000 by the end of the
summer. - 🧠 ANSWER ✔✔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.
Which act or statement is a valid offer? - 🧠 ANSWER ✔✔A detailed advertisement
What type of acceptance requires an affirmative action for the offeree to accept
that offer? - 🧠 ANSWER ✔✔Unilateral contracts
Lilly hired Harris Lawn Service to cut her grass one summer, and paid through
automatic charges to her credit card. After taking three months 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. - 🧠 ANSWER ✔✔1. Lilly's silence is acceptance
because of the parties' past dealings.
2. Lilly's silence is acceptance because the offeree accepted the benefit offered.
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PRIVACY STATEMENT. ALL RIGHTS RESERVED
, Which situation would be considered sufficient consideration for a contract to
exist? - 🧠 ANSWER ✔✔Pam agrees to pay Derek $500 if he does not sit next to
3
her in class anymore.
(Forbearance)
What are the elements of consideration? Choose 2 answer choices. - 🧠 ANSWER
✔✔1. something of value from each party
2. an exchange to which the parties agree
Which type of lack of capacity is easiest to prove? - 🧠 ANSWER ✔✔Minor status
Samuel has mental competency issues. Samuel entered into a contract with Beth,
but now Samuel is petitioning the court to terminate the contract. What options
does the court have in ruling in the case? Choose 2 answer choices. - 🧠 ANSWER
✔✔1. The contract is voidable if Samuel was incompetent at the time the contract
was formed.
2. The contract is void if Samuel has been previously determined to be mentally
incompetent.
What is an exception to the statute of frauds? - 🧠 ANSWER ✔✔Promissory
Estoppel
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
PRACTICE 2025/2026 Exam All Answers
1
and Illustrations Given
You go out drinking and playing cards with your buddies. After you have
consumed a huge amount of alcohol, you agree to sell your 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? - 🧠 ANSWER ✔✔No, he can't, if you were so intoxicated that you
could not form the mental capacity to enter into a contract, and your buddy knew
you were intoxicated.
Which of the following is a valid offer?
1. Arun distributes flyers at work stating he wants to sell his house, 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.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
,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
2
$290,000.
4. Arun tells Eric he will sell one of his houses for $250,000 by the end of the
summer. - 🧠 ANSWER ✔✔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.
Which act or statement is a valid offer? - 🧠 ANSWER ✔✔A detailed advertisement
What type of acceptance requires an affirmative action for the offeree to accept
that offer? - 🧠 ANSWER ✔✔Unilateral contracts
Lilly hired Harris Lawn Service to cut her grass one summer, and paid through
automatic charges to her credit card. After taking three months 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. - 🧠 ANSWER ✔✔1. Lilly's silence is acceptance
because of the parties' past dealings.
2. Lilly's silence is acceptance because the offeree accepted the benefit offered.
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
, Which situation would be considered sufficient consideration for a contract to
exist? - 🧠 ANSWER ✔✔Pam agrees to pay Derek $500 if he does not sit next to
3
her in class anymore.
(Forbearance)
What are the elements of consideration? Choose 2 answer choices. - 🧠 ANSWER
✔✔1. something of value from each party
2. an exchange to which the parties agree
Which type of lack of capacity is easiest to prove? - 🧠 ANSWER ✔✔Minor status
Samuel has mental competency issues. Samuel entered into a contract with Beth,
but now Samuel is petitioning the court to terminate the contract. What options
does the court have in ruling in the case? Choose 2 answer choices. - 🧠 ANSWER
✔✔1. The contract is voidable if Samuel was incompetent at the time the contract
was formed.
2. The contract is void if Samuel has been previously determined to be mentally
incompetent.
What is an exception to the statute of frauds? - 🧠 ANSWER ✔✔Promissory
Estoppel
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
