1. Tom enters a coffee shop in which he has an open account. He fills a cup of c
ID: 1252513 • Letter: 1
Question
1. Tom enters a coffee shop in which he has an open account. He fills a cup of coffee, holds it up to the cashier so she can see it, acknowledges the cashier's nod, and walks out with the coffee, knowing that he will be billed for it and the end of the month. Tom has formed... (Points: 5)an express contract.
an implied-in-fact contract.
an implied-in-law contract.
a quasi contract.
2. How must agreement be reached in order for a contract to be legal? (Points: 5)
Voluntarily.
Spontaneously.
Unintentionally.
Instantaneously.
3. What is "consideration"? (Points: 5)
A proposal extended by the offeror to the offeree.
A new proposal formed after the rejection of an original proposal.
An action indicating assetn to the terms of an offer.
An exchange of goods or services that have value.
4. While intoxicated, Steve agrees to a contract to sell his restaurant to Tina. This contract would be considered void... (Points: 5)
if Steve appeared intoxicated to Tina.
if Steve were so intoxicated as to have no memory of the deal.
under any circumstances.
under no circumstances.
5. Alex, a physician, renders aid to Burt, who is injured and unconscious. Under the doctrine of quasi-contract, Alex can recover the cost of the aid from Burt... (Points: 5)
even if Burt was not aware of the aid.
only if Burt was aware of the aid.
only if Burt was not aware of the aid.
under no circumstances.
Explanation / Answer
1. Tom enters a coffee shop in which he has an open account. He fills a cup of coffee, holds it up to the cashier so she can see it, acknowledges the cashier's nod, and walks out with the coffee, knowing that he will be billed for it and the end of the month. Tom has formed... (Points: 5)an express contract.-- it is a well documented contract
an implied-in-fact contract. is a contract where there will be no expression in writtin format, it is done through non verbal conduct.
an implied-in-law contract. is a quasi contract, is an obligation that is created by law without an actual contract.
a quasi contract.
2. How must agreement be reached in order for a contract to be legal? (Points: 5)
Voluntarily. a voulantary deliberate and legally binding agreement between two parties is called an agreement.
Spontaneously.
Unintentionally.
Instantaneously.
Spontanious, unintentional and instantenous constacts are void.
3. What is "consideration"? (Points: 5)
A proposal extended by the offeror to the offeree.
A new proposal formed after the rejection of an original proposal.
An action indicating assetn to the terms of an offer.
An exchange of goods or services that have value.: it is the exchange of goods or sevice in cash or kind for fulfilling a contract.
If you go to a doctor there is a valid consideration from both the parties, there is an exchange of mediacal service for cash or kind
4. While intoxicated, Steve agrees to a contract to sell his restaurant to Tina. This contract would be considered void... (Points: 5)
if Steve appeared intoxicated to Tina.
if Steve were so intoxicated as to have no memory of the deal.
under any circumstances. but Steve has to prove that he entered the contact while in alcohol, than the contract will become void, these are called voidable contracts.
under no circumstances.
5. Alex, a physician, renders aid to Burt, who is injured and unconscious. Under the doctrine of quasi-contract, Alex can recover the cost of the aid from Burt... (Points: 5)
even if Burt was not aware of the aid.
only if Burt was aware of the aid. The Dr can recover the cost only if Burt is aware of the service. This is the elemnt of knowledge in the quasi contracts.
only if Burt was not aware of the aid.
under no circumstances.
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.