Question: 6. In contract law, consideration means: Select one: a. the genuine consent of both parties b. the legality of the subject matter of a contract
6.
In contract law, consideration means:
Select one:
a. the genuine consent of both parties
b. the legality of the subject matter of a contract
c. something of value the parties agree to exchange
d. the ability of a party to enter a legal contract
7.On November 15, Comfy Mattress Company offered to sell five (5) mattresses to Heartbreak Hotel for $1,000.00 each, available for delivery on November 30. Heartbreak Hotel responded immediately that it would buy the mattresses if they could be delivered within three business days. Comfy Mattress Company notified Heartbreak Hotel the next day, that it would not be able to deliver the mattresses within the requested time. Which of the following is true regarding Comfy Mattress Companys offer?
Select one:
a. There is no contract between Comfy Mattress Company and Heartbreak Hotel.
b. Heartbreak Hotels additional term became part of the contract, so Comfy Mattress Company is obligated to deliver the goods within three business days.
c. Comfy Mattress Companys offer was accepted by Heartbreak Hotel.
d. Heartbreak Hotel may accept Comfy Mattress Companys offer at any time if it is willing to accept the delivery in two weeks.
8.
An acceptance must exactly match the terms of the offer
Select one:
a. when the acceptance is made under duress.
b. unless one of the parties is a minor.
c. except in the case of an oral contract.
d. in order to form a legal contract.
9.
Sanjay contracts with Gomer to pay him $400.00 mow her yard every two weeks while she spends the summer in India. She pays him before she leaves, but Gomer only mows every four weeks and Sanjays yard looks very ugly. Sanjays neighbor, Mrs. Goodview sues Gomer for his failure to maintain Sanjays yard properly. A court will...
Select one:
a. allow Mrs. Goodview to sue for breach since she sees the ugly yard next door
b. dismiss Mrs. Goodviews suit since she is not a party to the contract and lacks privity
c. allow Mrs. Goodview to sue as a third-party beneficiary
d. allow Mrs. Goodview to sue because Sanjay provided consideration to Gomer
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