Quiz 4 Enforceable Contracts
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School
National American University, Rapid City *
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Course
3100
Subject
Law
Date
Feb 20, 2024
Type
docx
Pages
4
Uploaded by maximodavid2010
n 1
1 Only the original parties to a contract can enforce a contract.
A) True
B) False
Question 2
1 / 1
point
A minor may disaffirm a contract only if the subject matter is illegal.
A) True
B) False
Question 3
1 / 1
point
A contract is sometimes voidable if one party is aware that the
other party made a mistake of fact.
A) True
B) False
Question 4
1 / 1
point
Contracts by persons who are mentally incompetent are treated completely differently than contracts entered into by minors.
A) True
B) False
Question 5
1 / 1
point
A collateral promise is one made by a third party to assume the debts or obligation of a primary party to a contract if the primary party does not perform.
A) True
B) False
Question 1 / 1
6
point
An intended beneficiary can sue the promisor directly for breach of contract made for the beneficiary's benefit.
A) True
B) False
Question 7
1 / 1
point
Fraud occurs when one party to a contract wrongfully threatens the other party.
A) True
B) False
Question 8
1 / 1
point
Promises made in consideration of marriage do not need to be
in writing.
A) True
B) False
Question 9
0 / 1
point
Under certain circumstances, a contract
may
be enforceable even if one of the parties did not enter into the contract voluntarily.
A) True
B) False
Question 10
1 / 1
point
A condition precedent is a condition that terminates an existing duty to perform.
A) True
B) False
Question 1 / 1
11
point
Any contract may be assigned.
A) True
B) False
Question 12
1 / 1
point
Jack meets Bob in the parking lot outside of a bar. Jack grabs Bob roughly by the shoulder and demands that Bob sell Jack Bob's custom boat. Jack says, "You wouldn't want to get roughed up, would you?" Bob agrees to sell the boat to Jack. The contract is
A)
unenforceable because Bob agreed to it under duress.
B)
unenforceable because Jack's consideration is inadequate.
C)
enforceable because Jack's consideration is adequate.
D)
enforceable because Jack's consideration is legally sufficient.
Questio
n 13
1 / 1
point
Katherine buys a car when she is seventeen. When she is twenty-five, Katherine tries to disaffirm the contract and recover all her car payments. A court will likely find that the contract was
A)
ratified and Katherine cannot recover her payments.
B)
ratified, but Katherine can still recover her payments because she was a minor when she entered into
C)
not ratified and Katherine can recover her payments.
D)
not a valid contract because Katherine was a minor when she entered into it and she can recover her
Questio
1 / 1
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n 14
point
Matt and Joe enter into an oral contract on May 1 under which Joe agrees to deliver a collection of premium beers by April 30
of the following year. This contract is enforceable by
A)
neither party.
B)
Matt only.
C)
either party.
D)
Joe only.
Questio
n 15
1 / 1
point
Richey Realtors. Inc., and Kosters Company enter into a con¬tract for a sale of land. To be enforceable, the contract must be in writing if the land is valued at
A)
$500.
B)
$50, $500, or $5,000.
C)
$50.
D)
$5,000.