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Madison makes an appointment for a $60 haircut, buys a computer for $350, and agrees to work for Accountants-for Hire, Inc. for two years for $5,000 per month, starting at the beginning of next month. To be enforceable, a writing is required for a. none of the choices. b. the appointment. c. the purchase. d. the employment agreement. QUESTION 44 Pam's Plumbing and Heating, Inc., contracts to sell its assets to Evelyn's Electrical Corporation. Before either party has performed, rescission of this contract requires a. a settlement agreement. b. a novation. c. an accord and satisfaction. d. a mutual agreement to rescind. Margo enters into a contract to work as a lifeguard at Super Slides Amusement Park for the summer in exchange for a weekly paycheck and free admission to the park's attractions. If Margo works the entire summer and Super Slide's provides her paychecks and free admission, the duties have been: a. avoided. b. breached. c. rescinded. d. performed. QUESTION 46 Fact Pattern 13-4 Sam's Construction, Inc., begins renovating an old ice skating rink for Extreme Skating, Inc., but after three months Sam's demands an extra $150,000. Extreme Skating agrees to pay. Refer to Fact Pattern 13-4. If Sam's offers no reason for the extra $150,000, but says only that it will stop work if it is not paid, the agreement is a. enforceable because of unforeseen difficulties. b. unenforceable as an illusory promise. c. enforceable as the consideration is past. d. unenforceable due to the preexisting duty rule. Nina hires Teri to perform at Nina' Night Club, but Teri later breaches the agreement to accept a higher-paying job at Sheldon's Show Stoppers. Nina files a suit against Teri. The court will most likely a. order Teri to perform the contract. b. cancel Nina and Teri's contract. c. reform Nina and Teri's contract. d. award damages to Nina. QUESTION 48 Jenny's Juice Inc. and Miranda's Mangoes sign a written contract for a sale of goods. To be enforceable, this written contract must include a. a date, such as "October 2020 " or "10/2020." b. the parties' contact information. c. a correct title, such as "Purchase Order" or "Sales Invoice." d. a quantity term, such as " 50 mangoes" or " 100 boxes of mango juice." At an auction, Nathan bids on a 1980 Cadillac, believing that it is worth more than the price asked. When the car proves to need more repairs than Nathan estimated, and thus is worth less as is, Nathan is a. not liable on the bid because the auctioneer misrepresented the value. b. still liable on the bid. c. not liable on the bid because an auction is not subject to contract law! d. not liable on the bid because he underestimated the cost of repairs. QUESTION 50 Harriet, a real estate broker licensed only in Minnesota, concludes a sale of a house in California. Harriet can a. foreclose on the property to obtain any unpaid amount. b. keep the commission if it has already been paid. c. collect the commission if it has not been paid. d. not win on a claim that she is entitled to the commission. Marcy induces Simon to enter into a contract for the purchase of a surf shop. Marcy knowingly misrepresents a number of material features about the surf shop and the business. When Simon discovers the truth, he can rescind the contract on the basis of a. mistake. b. undue influence. c. fraud. d. embezzelment. QUESTION 52 Sam's Service enters into a contract to fix the washing machines in Clean Clothes Company's coin-operated laundries. If Sam's Service breaches by only partially performing the contract, Clean Clothes can a. sue Sam's Service for punitive damages. b. sue Sam's Service for compensatory and consequential damages. c. sue Sam's Service for specific performance. d. file a criminal complaint against Sam's Service. Fashion Floor breaches its lease with Mountain Mall and vacates the premises six months before the end of the term. Mountain would most likely have to a. relet the premises to recover any damages. b. use reasonable means to find a new tenant to mitigate damages. c. avoid reletting the premises to recover damages. d. sell the premises to recover any damages. QUESTION 54 Under the Statute of Frauds, all contracts must be in writing to be enforceable except those involving insignificant transactions. True False Morris and Ruby enter into a contract for Morris to renovate Ruby's house by a certain date. Morris never performs. After the applicable statute of limitations period has passed, Ruby decides to bring a suit against Morris for breach. This suit a. can no longer be brought. b. can be filed within four years after Ruby decides to sue. c. must be filed between four and five years after Ruby decides to sue. d. must be filed within ten to twenty years, depending on state law. QUESTION 56 Ricardo, a famous pastry chef, agrees to give four baking lessons to Janice in exchange for $500. Ricardo 's attempt to transfer his contract duties to Annabeth, an unknown pastry student, will probably be a. prohibited because contracts may not be freely delegated. b. prohibited if Ricardo and Janice have different skill levels. c. permitted because the contract is concerned with cookery. d. permitted because contracts may be freely delegated. Nicki contracts to buy an ice cream freezer from Ice Cream Supply for $3,500, but Ice Cream Supply fails to deliver. Nicki buys the appliance else-where for $4,500 and needs to pay an extra $100 delivery fee. Nicki's measure of damages is a. incidental damages only. b. $0. c. $1,000 plus incidental damages. d. $1,000. QUESTION 58 When an anticipatory repudiation occurs, it is treated as a material breach of a contract. True False