Offer completes the act that is the subject of the contract

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Reference no: EM131674707

True/False

1. Under the modern rule or approach to unilateral contracts, a unilateral contract is not formed until the person receiving the offer completes the act that is the subject of the contract.

2. Under the “plain meaning rule,” a court will make its determination about what the terms of a contract are, and whether it should be enforced, without referring to extrinsic evidence, to help interpret the contract terms that are included within the written contract.

3. Marta settles her auto accident lawsuit against Don, but discovers six months after the settlement that her back problems have returned. Marta can rescind the settlement agreement, due to the discovery of the return of the back problems.

4. The doctrine of quasi-contract can apply only if there is no actual contract that covers the subject matter in controversy.

5. A donee beneficiary (such as your spouse, who is a beneficiary of your life insurance policy) can sue the promisor directly, to enforce the promise of a promisor (in this example, the promisor would be the insurance company, and the promise would be to pay the policy proceeds upon your death to your spouse).

6. Barry and Joan have a contract. A delegation of Barry's contract duties by Barry to Carlos relieves Barry of the obligation to perform those duties, if Carlos fails to perform.

7. When a contractor submits a bid to a public entity that solicited bids for a construction project, the submission of the bid binds that public entity, because a contract has been formed.

Reference no: EM131674707

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