Question 35 (1 point) Under the an acceptance is communicated to the offeror when it is sent, even if the offeror never receives the acceptance. acceptance rule mirror image rule consideration rule mailbox rule Question 34 (1 point) Which contract is required to in writing in order to be enforceable? A deal to purchase a tablet for $499, A six month contract with a landscaper where you will pay a total of $600. An agreement with a construction company to build an add-on to your home which should take about 3 months An agreement that requires you to make ten-dollar monthly payments for a total of thirty months. Question 9 (1 point) Which of the following is an example of objective impossibility? Drought. Strike. Supervening illegality. Insolvency. A condition that must happen before the parties to a contract have an obligation to perform is called a concurrent condition. a condition subsequent. a condition precedent. none of the above. Question 7 (1 point) In which of the following contracts would specific performance be available? To sell an original Monet painting which had been stolen from a museum Lease of a new car. To sell a new car. To sell a house Ruestion 11 (1 point) Bernice contracts to buy "Land's End," a beach cottage on Lake Michigan. When the seller refuses to convey the property to Bernice, Bernice ordinarily can sue for reformation. sue for specific performance. sue for punitive damages. receive no relief because the law will refrain from forcing a person to sell if he or she is unwilling to do so. Question 12 (1 point) Joc ordered a carload of tomatoes from Fred for use in his restaurant. When the tomatoes arrived, they were too ripe for use in Joe's business, although they would be usable for canning purposes. Joe therefore called Fred in order to enable Fred to transport the tomatoes to Fresh-Veg Cannery before the tomatoes deteriorated further. Joe's taking positivo actions to prevent damages from increasing is called O prima facie unconscionable conduct. a delegable duty. Question 13 (1 point) Joyce contracts to sell her mansion to Linda for $300.000. Upon Linda's breach, Joyce sells the mansion to Barbara for $275.000. What will Joyce's damages be! $300.000 $325.000 s 25.000 5275.000 Question 14 (1 point) Aratis objectively impossible for a party to perform their performance will be excused True False Question 15 (1 point) If a party does not perform absolutely 100% poly it is always tomatically breach of coach True False MacBook Air BO 888 44 11 FI 12 $ A 8 @ 2 # 3 % 5 & 7 * 8 6 Q W E 20 T Y Y U A S n. F G H Question 14 (1 point) If it is objectively impossible for a party to perform, their performance will be excused. True False Question 15 (1 point) If a party does not perform absolutely 100% perfectly, it is always automatically a breach of ce True False Question 16 (1 point) A court may still decide to award a small amount of compensation for a breach of contract. This remedy is called nominal damages. True False Question 18 (1 point) Complete performance, also known as perfect tender. True False Question 19 (1 point) A court may order specific performance if damages or restitution will be inadequate. True False 5 18 Question 20 (1 point) Perfect tender constitutes complete performance. 21 True False 24 Question 21 (1 point) Normally, a valid contract does not exist unless there is consideration, that is something bargained for and given in exchange for a promise. Question 20 (1 point) Perfect tender constitutes complete performance. True False Question 21 (1 point) Normally, a valid contract does not exist unless there is conside given in exchange for a promise. True False Question 22 (1 point) Generally, enforceable contracts can be formal or informal, oral True Question 22 (1 point) Generally, enforceable contracts can be formal or informal, oral or written. True False Question 23 (1 point) In general contracts must be written to be enforceable. True False Question 24 (1 point) To determine the validity of an offer or acceptance, the test is generally what a reasonable understood. True False Question 25 (1 point) ADRA.dmm.comnate or handical Question 28 (1 point) A void agreement includes a voidable contract as well. a . can become enforceable by the passing of a reasonable amount has legal effect until set aside by a court. can never have legal effect. Question 29 (1 point) In general, a valid and enforceable contract requires which of the folloi Capacity Legality. Question 29 (1 point) In general, a valid and enforceable contract requires which of the following? Capacity. Legality. Offer and acceptance. All of the above. Question 30 (1 point) Contracts that may be terminated by one or more of the contracting parties are void executory unilateral Question 30 (1 point) Contracts that may be terminated by one or more of the contracting parties are void. executory unilateral voidable. Question 31 (1 point) Contracts to commit an illegal act are void. voidable. valid. none of the above Question 35 (1 point) Under the an acceptance is communicated to the offeror when it is sent, even if the offeror never receives the acceptance. acceptance rule mirror image rule consideration rule O mailbox rule