BLAW EXAM 2 Practice Questions ch. 10, 11, 12 Questions and Answers
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Module
Blaw
Institution
Blaw
BLAW EXAM 2 Practice Questions ch. 10, 11, 12 Questions and Answers
T/F To Make an Offer, the offeror must appear to intend to create a binding obligation
True
T/F Generally, advertisments, catalog prices, and circulars are offers that can be accepted
False
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BLAW EXAM 2 Practice Questions ch.
10, 11, 12 Questions and Answers
T/F To Make an Offer, the offeror must appear to intend to create a binding obligation -
answer True
T/F Generally, advertisments, catalog prices, and circulars are offers that can be
accepted - answer False
T/F the bid of each contractor for a job is considered an offer - answer True
T/F If an offer is indefinite or vague, no contract arises from an attempt to accept it. -
answer True
T/F contractual intention is determined by objective standards - answer True
T/F An otherwise vague contract may be clarified by references in the contract to other
documents or agreements. - answer False
T/F An agreement cannot be enforced if it does not set forth every detail. - answer
false
T/F Contract terms may not be implied from conduct. - answer true
T/F When it is claimed that a contract is too indefinite to be enforced, a court will do its
best to find the intent of the parties and thereby reach the conclusion that the contract is
not too indefinite. - answer true
T/F an agreement is not too indefinite to e binding if a standard or formula is provided
by which variable factors can be determined. - answer true
T/F a requirements contract is too vague to be a legally-enforceable agreement -
answer false
T/F an output contract is too vague to be a legally-enforceable agreement - answer
false
T/F an offer is effective only if it is communicated by the offeror in person - answer
false
T/F an offer gives the offeror the power to bind the offeree by contract - answer false
, T/F Certain persons cannot make contracts that will bind them. - answer true
T/F Factual incapacity is imposed because of the class or group to which a person
belongs. - answer false
T/F Ordinarily, every party to a contract is presumed to have contractual capacity until
the contrary is shown. - answer true
T/F a factual incapacity may exist when, because of a mental condition caused by
medication, drugs, alcohol, illness, or age, a person does not understand that a contract
is being made or understand its general nature. - answer true
T/F discriminatory and punitive incapacities have largely disappeared - answer true
T/F generally, when a person of legal age makes a contract with a minor, the contract is
voidable by either party - answer false
T/F contractual capacity can exist even though a party does not understand every
provision of the contract - answer true
T/F ratification consists of any words or conduct of a former minor manifesting an intent
to be bound by the terms of a contract made while a minor - answer true
T/F When a minor avoids contracts, the minor always must return the other contracting
parties to their original financial positions. - answer true
T/F the "necessaries" of minors are precisely defined by law - answer false
T/F when necessary medical care is provided to a minor, a parent is liable at common
law for the medical expenses provided the minor child - answer true
T/F at common law, a minor cannot be held contractually liable for his or her necessary
medical expenses when the parent is unable or unwilling to pay - answer false
T/F a contract made by an incompetent person after a guardian has been appointment
is voidable - answer false
T/F an incompetent person may ordinarily avoid a contract in the same manner as a
minor - answer true
T/F a person who has drunk too much alcohol at a party and signs a contract may be
able to rescind that contract - answer true
T/F Generally, a promise is legally enforceable even if nothing is given or received for
the promise. - answer false
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