Reference no: EM133936626
Question
1. Mike, Joe, Ricardo, and Jeff are walking around Austin, Texas. After walking three hours, Jeff gets tired and jokingly declares that he will pay anyone $50,000 to carry him back to the car. Joe picks Jeff up and carries him for two blocks before Jeff demands to be put down. Joe demands Jeff pay him $50,000. Is Jeff liable?
A. Yes. Jeff's offer was a unilateral contract that Joe accepted through action.
B. No. Jeff's declaration would not reasonably be considered an offer.
C. No. Jeff was probably drunk.
D. Yes, only if Joe first verbally accepted Jeff's offer.
2. Which of the following is not adequate consideration for a contract?
A. All of these are not adequate consideration
B. For a sexual relationship
C. To commit an intentional tort
D. To commit a murder
3. Joe and Mark agree to go out to the bar. Every time Mark drinks too much, he starts a fight. Joe offers to buy Mark dinner if Mark agrees to not get intoxicated and start a fight. Mark agrees. Joe buys Mark a nice dinner. Predictably, however once at the bar, Mark drinks too much and starts a fight by dancing with some guy's girlfriend. Joe is mad and demands Mark reimburse him for Mark's dinner. Was there a valid contract?
A. Yes, only if it is formalized in writing.
B. No. Mark's promise to not engage in a behavior is not consideration.
C. Yes. Mark breached the contract by drinking too much and starting a fight.
D. No. It is unconscionable that Mark could not drink at the bar.
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