QUESTION 1: PLEASE ANSWER MULTIPLE CHOICE QUESTIONS A-D

A)

Jackson offers to pay Casey $50 for his used business law textbook. Casey agrees to sell it for that amount. They agree to meet one week later to exchange the money for the book. Casey and Jackson have formed:

a. a unilateral contract.

b. a bilateral contract.

c. no contract.

d. a formal contract.

B)

Carmen owns a 2009 Toyota Camry that he offers to sell to his friend Jamie for $12,000. Jamie accepts Carmen's offer. Jamie and Carmen have:

a. a quasi contract.

b. an express contract.

c. an implied contract.

d. an executed contract.

C)

Carol's car was hit while it was parked. Carol calls A-1 Towing, tells the dispatcher the car needs to be towed, and gives her location. A-1 never mentions a price and leaves before the tow truck arrives, and Carol does not talk with the driver or sign any documents. Carol:

a. does not owe the company for towing her car, because she did not know that she would have to pay.

b. does not owe the company for towing her car, because she did not have a chance to reject its services.

c. owes the company for towing her car under an implied contract.

d. owes the company for towing her car under an express contract.

D)

Kandis offers to pay Tim's way through college if he will kill her ex-boyfriend. He accepts Kandis's offer, signing a contract. Their contract is:

a. formal.

b. voidable.

c. executed.

d. void.