• Question 1 4 out of 4 points Wilson buys a lottery ticket at his local gas station. Wilson has accepted an offer for a Answers: A. bilateral contract. B. unilateral contract. C. void contract. D. unenforceable contract. • Question 2 4 out of 4 points Flo tells Ginger during a phone call that she will buy her textbook from last semester for $65. Ginger agrees. These parties have Answers: A. no contract. B. an express contract. C. an implied contract. D. a quasi contract. • Question 3 4 out of 4 points In negotiations with Coastal Distribution Company, Briggs Trucking, Inc., insists that their contract be drafted according to certain plain language laws. These laws concern the phrasing of Answers: A. contracts. B. ads. C. product instruction manuals. D. documents of delivery. • Question 4 4 out of 4 points Vernon claims that his contract with Ulani is voidable. If their contract is avoided Answers: A. both parties are released from it. B. both parties must fully perform their obligations under it. C. both parties agree to a wholly different contract. D. a wholly different contract is imposed "as if" the parties had agreed. • Question 5 0 out of 4 points Peter offers to pay Quik Delivery (QD) $50 if it picks up and delivers to him a package of business documents from Rico within thirty minutes. QD can accept the offer only by meeting the deadline. If QD performs as directed, these parties will have Answers: A. a bilateral contract. B. a trilateral contract. C. a unilateral contract. D. no contract. • Question 6 4 out of 4 points Jack promises to buy Lizette's used textbook for $60. Jack is Answers: A. an executor. B. an offeree. C. a promisee. D. a promisor. • Question 7 4 out of 4 points Demi promises to buy a house from Caleb, who promises to vacate the property on June 1. If these promises are in writing, they are most likely Answers: A. enforceable. B. unenforceable. C. void. D. voidable. • Question 8 4 out of 4 points Phil agrees to work for Vacation Resorts, Inc., as a chef. In determining whether a contract has been formed, an element of prime importance is Answers: A. the parties' intent. B. Phil's rate of pay. C. Phil's education. D. the terms of Phil's employment. • Question 9 0 out of 4 points GR8 Marketing Company and Brainfreeze Tunes, Inc., sign a document that states GR8 agrees to create a marketing campaign for Brainfreeze, which agrees to pay GR8 for the service. GR8 and Brainfreeze have Answers: A. an executed contract. B. an express contract. C. an implied contract. D. a quasi contract. • Question 10 4 out of 4 points Jim tells Dana that he will take her out to lunch on Thursday. Jim has made Dana a Answers: A. prediction. B. promise. C. bilateral contract. D. void contract.
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