Question: In contract law, intent is determined by what is called the objective theory of contracts, not by the personal or subjective intent, or belief, of

  1. In contract law, intent is determined by what is called the objective theory of contracts, not by the personal or subjective intent, or belief, of a party.

    True

    False

  2. 45) A contract does not have to have consideration in order for it to be legally enforceable. T or F

  3. William wants his friend Ellen to divorce her husband. William and Ellen enter into an agreement that provides that if Ellen gets a divorce from her husband within one year, William will pay Ellen $10,000.00. Ellen get a divorce from her husband within six (6) months. William refuses to pay Ellen any money. Ellen sues William for $10,000.00 based upon their agreement. Ellen will win this lawsuit.

    True

    False

  4. An implied-in-fact contract

    A.

    is stated in oral (spoken) words.
    B.

    is stated in written words.
    C.

    is implied by the court to prevent unjust enrichment.
    D.

    is implied from the conduct of the parties.

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