Which an offer terminates by operation of law

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Reference no: EM132297465

1. An equity doctrine that permits a court to order enforcement of a contract that lacks consideration is called

illusory promise doctrine.

promissory estoppel.

an accord and satisfaction.

pre-existing duty.

2. In Sawyer v. Mills the plaintiff lost a substantial bonus because she had a verbal contracts with Mr Mills that was not enforceable because it should have been in writing. Why was the contract required to be in writing?

It was a guaranty contract.

It involved the ownership of real property.

It was an agent's contract to sell real property

It could not be completed in less than one year.

3. A "promise for a promise" contract is called a

formal contract

executory contract.

bilateral contract.

unilateral contract

4. Contracts that have an illegal object are ______________ and cannot be enforced.

void

illusory

unconscionable

executed

5. the case Wrench LLC v. Taco Bell Corporation illustrates the application of _________________ contract law.

implied in fact

quasi

express

informal

6. The case Marder v. Lopez illustrates which of the following principles of contracts law?

The destruction of the subject matter terminates an offer.

All contracts must be in writing to be enforceable.

A party will not be excused from his/her contractual obligations simply because he/she made a "bad deal."

A contract is not created without both an offer and an acceptance.

7. Under the common law of contracts, acceptance of a bilateral contract occurs when the offeree dispatches the acceptance. This is called the _________________.

mirror image rule.

mailbox rule.

unequivocal acceptance rule.

objective theory of contracts.

8. The equitable doctrine of _________________ allows a court to award monetary damages to a plaintiff for providing work or services to a defendant even though no actual contract existed between the parties.

Quasi Contract

Informal Contract

Traditional Contract Law

the Uniform Commercial Code

9. Which of the following is not a way in which an offer terminates by operation of law?

Lapse of time.

Death of the offeree.

Destruction of the subject matter

Revocation

10. In the case Facebook, Inc. v. Winkelvoss the Court of Appeals enforced the settlement agreement between the parties as a valid

equitable remedy.

quasi-contract.

contract.

negotiable instrument.

Reference no: EM132297465

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