True/False
Indicate whether the
statement is true or false.
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1.
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Time is an essential term of an
offer.
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2.
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A court of law never implies terms that the parties
have imperfectly covered.
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Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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3.
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A non-essential term of an offer is
a. | Writing | c. | Price | b. | Parties | d. | Subject Matter |
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4.
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If a contract term is ambiguous the contract
is
a. | Probably void | c. | Probably unconscionable | b. | Probably
enforceable | d. | Probably unenforceable |
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5.
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An output contract is
a. | Illusory | c. | Voidable | b. | Unconscionable | d. | None of the
above |
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6.
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One party’s unlimited right to decide the
nature of the contractual performance is
a. | A quasi contract | c. | Promissory estoppel | b. | Illusory | d. | None of the above |
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7.
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An
essential element of an offer is
a. | Manifestation of present intent | c. | Certainty of the terms | b. | Communication to
the offeree | d. | All of the above |
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8.
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When one party has subjective control of the
contract terms, the contract is
a. | Void | c. | An
example of promissory estoppel | b. | Illusory | d. | A quasi-contract |
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