True or False ? A party who promises to complete a job according to the terms of
Question:
True or False ?
A party who promises to complete a job according to the terms of a contract signed in the past has not given consideration due to past consideration.
28. The terms “bilateral” and “unilateral” as applied to contracts are based on:
a. The number of parties in a contract.
b. The number of attempts made to form a contract.
c. What the offeree must do to accept the offer.
d. What the offeror must do to accept the offer.
e. The number of attempts it took for a contract to be successfully performed.
29. What was the outcome of the case in the text where Taco Bell Corporation was sued to recover damages for breach of contract?
a. The court found that an implied-in-fact contract existed and awarded damages to plaintiffs Wrench LLC, Rinks, and Shields.
b. The court of appeals found that the plaintiffs had stated a proper cause of action against Taco Bell Corporation for breach of contract, reversed the judgment of the district court, and remanded the case for trial.
c. The court of appeals upheld the district court ruling that granted summary judgment in favor of Taco Bell Corporation.
d. The court ruled that Wrench LLC, Rinks, and Shields conferred a benefit on Taco Bell Corporation who retained the benefit and thus created a quasi-contract.
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts