BUSA FINAL EXAM QUESTIOND AND ANSWERS
Greco promises to buy illegal copies of CDs and DVDs from Fava, who promises to
deliver on April 15. These promises are most likely:
1. enforceable.
2. valid.
3. void.
4. voidable. - Answers-void
Phil enters into a written contract with Vacation Resorts, Inc., to work as a chef. Under
the plain meaning rule, the meaning of this contract must be determined by reference
to:
1. any available evidence.
2. any relevant extrinsic evidence.
3. the face of the writing.
4. the later testimony of the parties. - Answers-the face of the writing.
Avatar, Inc., and Bling Corporation sign a contract in which Avatar agrees to deliver t-
shirts emblazoned with video game characters in exchange for Bling's promise to pay.
Avatar delivers. The contract is:
1. voidable.
2. executed.
3. executive.
4. executory. - Answers-executory.
Clay offers to pay Dot $50 for a golf lesson for Eula. They agree to meet the day after
tomorrow to exchange the cash for the lesson. These parties have:
1. a bilateral contract.
2. a trilateral contract.
3. a unilateral contract.
4. no contract. - Answers-a bilateral contract.
Employment Sources, Inc., enters into a contract with Fred. If Fred is a minor, this
contract is most likely:
1. enforceable.
2. unenforceable.
3. void.
4. voidable. - Answers-voidable.
, On Monday, Neil tells Outdoor Landscaping, Inc., that he will pay Outdoor $500 if a
variety of tasks are completed by Friday. On Wednesday, when Outdoor is more than
half done with the work, Neil says that he has changed his mind. These parties had:
1. an expired contract when Neil said that he had changed his mind.
2. a quasi contract when Neil said that he would pay for certain work.
3. a unilateral contract as soon as Outdoor began to perform.
4. no contract. - Answers-a unilateral contract as soon as Outdoor began to perform.
InTown Delivery Service promises to deliver a certain couch to Kurt, who promises to
pay for the service. If InTown does not perform, the firm may be required to:
1. do nothing.
2. make another promise.
3. pay damages.
4. perform a different service. - Answers-pay damages.
Scott and Tiffany enter into an implied-in-fact contract. The parties' conduct:
1. defines the contract's terms.
2. finds the contract's facts.
3. terminates any unintended consequences.
4. undercuts any terms based on the facts. - Answers-defines the contract's terms.
Expert Pavers, Inc., contracts with Fabricated Building Corporation to repave
Fabricated's parking lot for which Fabricated agrees to pay. The requirements of this,
and any other, contract do not include:
1. consideration.
2. capacity.
3. legality.
4. practicality. - Answers-practicality.
Jack promises to buy Kris's computer for $400. Jack is:
1. an executor.
2. an offeree.
3. a promisee.
4. a promisor. - Answers-a promisor.
Flo tells Gregor that she will buy his textbook from last semester for $65. Gregor
agrees. Flo and Gregor have:
1. an executed contract.
2. an express contract.
3. an implied-in-fact contract.
Greco promises to buy illegal copies of CDs and DVDs from Fava, who promises to
deliver on April 15. These promises are most likely:
1. enforceable.
2. valid.
3. void.
4. voidable. - Answers-void
Phil enters into a written contract with Vacation Resorts, Inc., to work as a chef. Under
the plain meaning rule, the meaning of this contract must be determined by reference
to:
1. any available evidence.
2. any relevant extrinsic evidence.
3. the face of the writing.
4. the later testimony of the parties. - Answers-the face of the writing.
Avatar, Inc., and Bling Corporation sign a contract in which Avatar agrees to deliver t-
shirts emblazoned with video game characters in exchange for Bling's promise to pay.
Avatar delivers. The contract is:
1. voidable.
2. executed.
3. executive.
4. executory. - Answers-executory.
Clay offers to pay Dot $50 for a golf lesson for Eula. They agree to meet the day after
tomorrow to exchange the cash for the lesson. These parties have:
1. a bilateral contract.
2. a trilateral contract.
3. a unilateral contract.
4. no contract. - Answers-a bilateral contract.
Employment Sources, Inc., enters into a contract with Fred. If Fred is a minor, this
contract is most likely:
1. enforceable.
2. unenforceable.
3. void.
4. voidable. - Answers-voidable.
, On Monday, Neil tells Outdoor Landscaping, Inc., that he will pay Outdoor $500 if a
variety of tasks are completed by Friday. On Wednesday, when Outdoor is more than
half done with the work, Neil says that he has changed his mind. These parties had:
1. an expired contract when Neil said that he had changed his mind.
2. a quasi contract when Neil said that he would pay for certain work.
3. a unilateral contract as soon as Outdoor began to perform.
4. no contract. - Answers-a unilateral contract as soon as Outdoor began to perform.
InTown Delivery Service promises to deliver a certain couch to Kurt, who promises to
pay for the service. If InTown does not perform, the firm may be required to:
1. do nothing.
2. make another promise.
3. pay damages.
4. perform a different service. - Answers-pay damages.
Scott and Tiffany enter into an implied-in-fact contract. The parties' conduct:
1. defines the contract's terms.
2. finds the contract's facts.
3. terminates any unintended consequences.
4. undercuts any terms based on the facts. - Answers-defines the contract's terms.
Expert Pavers, Inc., contracts with Fabricated Building Corporation to repave
Fabricated's parking lot for which Fabricated agrees to pay. The requirements of this,
and any other, contract do not include:
1. consideration.
2. capacity.
3. legality.
4. practicality. - Answers-practicality.
Jack promises to buy Kris's computer for $400. Jack is:
1. an executor.
2. an offeree.
3. a promisee.
4. a promisor. - Answers-a promisor.
Flo tells Gregor that she will buy his textbook from last semester for $65. Gregor
agrees. Flo and Gregor have:
1. an executed contract.
2. an express contract.
3. an implied-in-fact contract.
