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JLA EXAM 2 QUESTIONS WITH 100% VERIFIED SOLUTIONS!!
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JLA EXAM 2 QUESTIONS WITH 100% VERIFIED SOLUTIONS!!
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Name: Score:72 Multiple choice questions
Term 1 of 72
On May 1, L makes an agreement with T to rent L's house to T for one year beginning on May 15, is
this within the statute of frauds?
Yes
No
Definition 2 of 72
Angie's offer is irrevocable for 6 months under GOL 5-1109. Angie has made a promise to keep the
offer open for 6 months ("the offer is irrevocable") in a signed writing. An offer that is irrevocable
under GOL 5-1109 has no maximum period of irrevocability.
Angie sends Ben a letter offering to sell Ben her house for $150,000 and stating that the
offer will expire in 30 days if she does not hear from Ben in that time.
Angie speaks to Ben and offers to sell Ben her house for $150,000. Angie says she will keep
the offer open for 30 days if Ben gives her $100, which he does.
Angie sends Ben a letter offering to sell Ben her house for $150,000 and stating that the
offer is irrevocable for 6 months.
Angie calls Ben and offers to sell Ben her house for $150,000 and promises to keep the
offer open for 30 days.
Term 3 of 72
Ed Promises BU that he will pay Teds tuition if ted is unable to do so, is this within the statute of
frauds?
Yes
No
,Term 4 of 72
M agrees to lease an apartment to V for 6 months, is this within the statute of frauds?
Yes
No
Definition 5 of 72
Sandy's offer is irrevocable for 3 months under UCC 2-205. Sandy is a merchant and made a
promise to keep the offer open in a signed writing. Under UCC 2-205, regardless of what the offer
states, it will only be irrevocable for a maximum of 3 months. (However, the offer will still be open
for another 3 months after that unless it is terminated during that period, for instance, if Sandy
revokes or Ben makes a rejection or counteroffer.)
Angie sends Ben a letter offering to sell Ben her house for $150,000 and stating that the
offer is irrevocable for 6 months.
F and H make a contract on December 1 for F to employ H for one year beginning on
January 1, is this within the statute of frauds?
Sandy, a manufacturer of radios, sends Bob a letter offering to sell Bob 100 radios at $5.00
each and stating that it is a firm offer for 6 months.
Angie calls Ben and offers to sell Ben her house for $150,000 and promises to keep the
offer open for 30 days.
Term 6 of 72
Which of the following is the best operational definition of a contract?
M indicates to P that M will pay P $10.00 if P washes M's car. P washes M's car.
Yes (Sales of goods for A price of $500)
Yes (Transfer an interest in real property)
An agreement that the courts will enforce
, Term 7 of 72
A contract made by a minor would be an example of a void contract
True
False
Term 8 of 72
A negligently injures B. B has a clam against A. A promises to pay B $50,000 if B promises not to
sue. B promises not to sue. Is there consideration for A's promise?
Yes
No
Term 9 of 72
Sid gets in line with his car at the car wash. He drives his car through the wash, but then refuses to
pay, stating that he never made a contract because no words were exchanged. The owner of the
car wash will be able to collect from Sid base on:
Yes there is consideration. She had no prior obligation to name it after him. Both promises
were made and legal.
Implied-in-fact contract
No (No promise to the actual university)
No because it is illegal. He stole it. No legal benefit for A because B has an obligation to
give his walkman back
Term 10 of 72
A contracts to provide accounting services to C, as needed, at the rate of $250 per hour., is this
within the statute of frauds?
Yes
No
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