Question

A unilateral contract is formed when the offeror makes an offer to pay money for some service by the offeree the offeree performs an act requested by the offeror. the offeror solicits a promise of performance from the offeree the offeree promises to perform an act requested by the offror. b. A contract that is formed by the acts and conduct of the parties is called_ contract a. an implied-in-law b. an implied-in-fact express d. implicit C. Rocky was hired to repaint Bullwinkle's house while Bullwinkle was on vacation. Builwinkle lived at 127 Lincoln Lane. Rocky mistakenly began to paint Andy's house located at 172 Lincoln Lane. Andy was out shopping. By the time Andy came home, his house was completely repainted a beautiful shade of blue. Andy loved it but refused to pay Rocky for his work. Rocky sued. Rocky will prevail under a quasi-contract theory. b. Rocky will prevail under a quasi-contract theory seeking quantum meruit (services rendered) Rocky will not prevail because Andy was not unjustly enriched. Rocky will not prevail because he did not have a contract with Andy Gwendolyn entered a contract to purchase Cecily's waterfront house for $100,000. Soon after. Cecily advised Gwendolyn that she changed her mind and would not sell her house. Cecily offered to return Gwendolyn's deposit, but Gwendolyn refused to accept it, insisting a deals a deal. Gwendolyn filed suit for breach of contract Which remedy is appropriate for Gwendolyn? arrest b. injunction specific performance d. rescission If no time is specified in an offer, the offeree's power of acceptance is terminated after three months good for an unlimited time d. terminated after a reasonable time terminated by the statute of limitations Horace offered to sell Nis car to Hilda for $1000. Hilda said she needed two weeks to decide and gave Horace $100 for keeping the offer open for two weeks. a. Hilda has formed a contract to purchase the car. She will owe Horace $900 in two weeks. Hida has formed an option contract and may purchase the car for $1000 any time within the two weeks. C. Under the UCC this is a firm offer in which Horace is obligated to sell the car to Hida. Horace must return the $100 if Hilda does not buy the car. Which of the following statements is NOT a requirement for a fimm offer under the UCC? a. An offer signed by the offeror An offer for goods An offer by a merchant Consideration b. Felix mails a letter to Oscar stating the terms of a proposed contract. At the end, Felix specified "You can only accept this offer by signing below my signature and retuming the contract by express mail. Oscar immediately sent a fax saying 'I accept your offer." a. There is no contract because the offeror is the master of his or her offer. There is no contract under the battle of the forms doctrine. Under the Uniform Commercial Code there is no contract because Oscar made a definite and reasonable expression of acceptance. There is a contract because a fax is a reasonable medium of acceptance.

Answer 1

1. Option B (Offeree performs an act requested by offeror)
2. Option D (Implicit)
3. Option D (Rocky will not prevail as he did not have a contract with Andy)
4. Option C (specific performance)
5. Option B (Terminated after reasonable time)
6. Option B (Hilda has performed an option contract and may purchase the car for $1000 in two weeks)
7. Option D (Consideration)
8. Option C (Under the UCC there is no contract because Oscar made a definite and reasonable expression of acceptance )