Contract Qwik Quiz 2
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David's wife hates David's motorcycle. One morning David writes in his diary that to make his wife happy he will sell his motorcycle to the next person who offer him at least $475. Just then, David's friend Terry calls David and says "I'll give you $499 for your motorcycle." David says, "Forget it." If Terry sues David will Terry win?
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No, because David didn't offer to sell his motorcycle.
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No, because David's motivation to sell his motorcycle was to benefit his wife.
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Yes, but only if David's wife approves the sale.
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Yes, but only if David's signature is on the diary.
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A short quiz on introductory contract law concepts.
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- 2.
David tells Perry, "I'll see you my watch for $50. You want it? Too late! Ha!" Perry says, "Hang on, you didn't give me a chance to respond. Yes, $50 is fine." David refuses to sell the watch and Perry sues. How should the court rule?
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David must sell the watch, but only if $50 would objectively be viewed as a reasonable price.
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David must sell the watch at a price that a professional watchmaker would value the watch.
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David does not have to sell the watch because there was no signed contract.
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David does not have to sell the watch because he told Perry he revoked the offer.
Correct Answer
A. David does not have to sell the watch because he told Perry he revoked the offer. -
- 3.
Perry hires Ron to install his new refrigerator. The installation requires Perry to purchase some equipment in connection with the installation. Ron completes the job but the refrigerator does not work so Perry sues Ron. Of the following, which is the LEAST likely reason why a court will apply the common law - - not the UCC - - to the transaction?
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Perry is suing Ron for defective workmanship.
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The common law predates statutes: first in time, first in right.
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Perry hired Ron to install the refrigerator.
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The equipment was incidental to the transaction between Perry and Ron.
Correct Answer
A. The common law predates statutes: first in time, first in right. -
- 4.
Debby offers to sell her scarf to Patty. Patty says she'll think about it. Debby sends a letter to Patty, "You can have two days to decide whether to buy my scarf or not. I won't sell the scarf while you think about it." Patty calls Debby up the next day and says she'll have an answer soon but Debby tells her she decided that she's not going to hold the scarf for Patty any longer. If Patty sues Debby and loses, of the following, which would be the most likely reason?
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Debby is not a merchant.
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This is a services contract.
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Patty cannot prove that she intended to buy the scarf.
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Patty did not acknowledge Debby's letter in a commercially reasonable manner.
Correct Answer
A. Debby is not a merchant. -
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Jun 13, 2018Quiz Edited by
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Jan 12, 2015Quiz Created by
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