Question 1 (1 point) Yvette asks Thomas, "Do you want to lease one of my houses?" Thomas says "Sold." Yvette made: Ono valid offer because the terms are not definite and there was no objective intent O no valid offer because Yvette did not say please O a valid offer Ono valid offer because Thomas did not respond Question 2 (1 point) Darrin Driver offers to give $25,000 to Sue Smith who was injured in a car crash caused by Darrin, in exchange for her signing a contract that she will not sue him over the accident. This contract has the required element of consideration. True False Question 3 (1 point) Clara verbally agrees to model for the Ford Agency for 18 months. They verbally agree to pay her $600 per photo session during the 18 month time period. One month later, Clara refuses to honor the contract anymore unless she is paid by the hour. If Ford Agency sues Clara, Ford will: O win because Clara legally accepted the offer of $600 per photo session and now cannot just change her mind Olose because service contracts for more than one year must be in writing Owin because any service contract for less than two years can be verbal lose because the contract was for over $500 and so had to be in writing Question 4 (1 point) George is so upset with a brand new $400 lawn mower he purchased, which never wants to start, that he says, I swear, I would sell this hunk of junk right now for 2 bucks." His neighbor, Jorge, hears him and says, "I accept your offer." Do they have a contract? No, a contract does not exist because $2 is not enough consideration to buy a $400 mower. No, a contract does not exist because this was a verbal conversation with no written contract. Yes, a contract exists because Jorge accepted George's valid offer No, a contract does not exist because there was no objective intent Question 5 (1 point) Larry Lawyer offers to represent Cassie Client in a lawsuit against Acme Inc. He sends Cassie a written Client Representation contract stating his fee is $200 an hour plus all costs. Cassie scratches out the words "plus all costs,' signs the contract and sends it back to Larry. Do they have a contract? Yes because the contract was in writing No because there is no consideration No because the offer and the acceptance are not the mirror image of each other Yes because Cassie signed the document and sent it to Larry indicating her desire to accept Question 5 (1 point) Larry Lawyer offers to represent Cassie Client in a lawsuit against Acme Inc. He sends Cassie a written Client Representation contract stating his fee is $200 an hour plus all costs. Cassie scratches out the words "plus all costs,' signs the contract and sends it back to Larry. Do they have a contract? Yes because the contract was in writing No because there is no consideration No because the offer and the acceptance are not the mirror image of each other Yes because Cassie signed the document and sent it to Larry indicating her desire to accept Question 6 (1 point) Bill offers to sell his house to Dina for $100,000. Dina replies, "The price is too high. I will buy it for $90,000." Dina has: accepted the offer O made a counteroffer which terminates the original offer O rejected the offer without making a counteroffer O made a counteroffer without rejecting the original offer Question 7 (1 point) Kaptain Coffee Corporation makes coffee machines for home use. A key part of their machine is the small pump that moves the water up and over the ground coffee. Kaptain orders 100 pumps from Industrial Supply Inc for $5.00 per pump, but when the pumps arrive, they are all defective. Kaptain Coffee has to scramble to find replacement pumps which cost $6.00 per pump. Because of the delay, Kaptain Coffee loses a major contract for $5,000. What are the consequential damages of Kaptain Coffee? $100 $5,000 $5,000 only if the damages were foreseeable $100 only if the damages were foreseeable Question 8 (1 point) Which of the following is a common law contract: a contract to buy a car O a contract to license software O a contract to buy a desk O a contract to lease an apartment Question 9 (1 point) Which of the following is a UCC contract? O a contract to buy a laptop O a contract to sell a house O a contract to lease a dorm room for one year a contract to be the photographer at a wedding Question 10 (1 point) Acme Inc bought 100 down pillows from Jensen Bedding Inc. $10 per pillow, due for delivery on April 1 Acme agreed to pay for the pillows 30 days after delivery. Jensen did not deliver the pillows on time because he received a better offer from a third party and sold the pillows to that company instead. Acme found other pillows to buy at a cost of $12 per pillow. What is Acme's compensatory damage? $1,000 O $0 because the damages were not foreseeable to Jensen $1,200 O $200