Contract Law And Warranties

20 Questions | Total Attempts: 134

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Contract Law Quizzes & Trivia

Questions and Answers
  • 1. 
    A contract must be in writing to be enforceable.
    • A. 

      True

    • B. 

      False

  • 2. 
    Implied warranties are created by...
    • A. 

      Law

    • B. 

      Oral statements

    • C. 

      Writing

    • D. 

      Your amazing Introduction to Law teacher

  • 3. 
    A written warranty that covers some defects but not others is...
    • A. 

      Limited

    • B. 

      Illegal

    • C. 

      Implied

    • D. 

      Not fair

  • 4. 
    Nate unknowingly buys a stolen IPad Mini from Timmy.  The warranty that has been broken is the..
    • A. 

      Warranty of title

    • B. 

      Warranty of fitness for a particular purpose

    • C. 

      Warranty of merchantability

    • D. 

      No warranty and Nate is out of luck

  • 5. 
    Matthew buys a new set of headphones that comes with no written warranty.  When he tries them out at home, the sound is muffled.  The warranty that is broken is the...
    • A. 

      Warranty of merchantability

    • B. 

      Warranty of fitness for a particular purpose

    • C. 

      Express warranty

    • D. 

      Warranty of title

  • 6. 
    A _________________________________ is an attempt to limit the seller's responsibilities if something goes wrong with a product.
  • 7. 
    A warranty is a promise made by a
    • A. 

      Seller about the quality or performance of goods for sale

    • B. 

      Buyer to make payments on time

    • C. 

      Seller that the price of goods is within fair market value range

    • D. 

      Buyer to use the product as designed

  • 8. 
    Express written warranties may be full or limited
    • A. 

      True

    • B. 

      False

  • 9. 
    If a seller sells a new product without a written warranty, there are...
    • A. 

      Implied warranties

    • B. 

      Full warranties

    • C. 

      No warranties

    • D. 

      Limited warranties

  • 10. 
    ________________________ is making obvious and lawful exaggerations about a product.
  • 11. 
    Which of the following is an example of consideration?
    • A. 

      Money

    • B. 

      The agreement to have another birthday

    • C. 

      A worthless piece of trash

    • D. 

      For a lifeguard to promise a swimmer to rescue him if he gets in trouble

  • 12. 
    A contract is 
    • A. 

      An agreement between two or more persons to exchange something of value

    • B. 

      Never heard of it before

    • C. 

      An obligation to pay another person's legal debts

    • D. 

      An agreement to pay another person money

  • 13. 
    If Kara was intoxicated when she signed a contract, the contract is enforceable and she is out of luck.
    • A. 

      True

    • B. 

      False

  • 14. 
    A contract for __________________________ must be in writing to be enforceable.
    • A. 

      The sale of land

    • B. 

      The sale of goods priced at under $500

    • C. 

      The sale of personal property

    • D. 

      Agreements that can be performed within one year of the date of the contract

  • 15. 
    Aidan sells some stolen iPads for Roger.  Aidan knows the items are stolen.  Aidan refuses to give the money to Roger. What can Roger do?
    • A. 

      Cannot enforce the contract because the contract is illegal

    • B. 

      Sue Aidan for the money

    • C. 

      Enforce the contract with Aidan to get his money

    • D. 

      Option 4

  • 16. 
    What is a valid acceptance to a contract?
    • A. 

      The person orally agrees to pay the offered price

    • B. 

      The person says that she will think about it overnight

    • C. 

      The person asks for a lower price

    • D. 

      The person states that she is able to pay the offered price

  • 17. 
    What is a consideration?
    • A. 

      Something of value

    • B. 

      A realistic offer

    • C. 

      Awareness of the circumstances of the other party to a contract

    • D. 

      Exact acceptance of the terms of the offer

  • 18. 
    Which of the following is a characteristic of an offer?
    • A. 

      The offer is made to a specific person

    • B. 

      The seller accepts the price asked by the buyer

    • C. 

      The offer is not directed at anyone in particular

    • D. 

      The offer establishes a legally binding contract

  • 19. 
    Name three elements of a contract
  • 20. 
    A minor cane make contracts but as a general rule they cannot be forced to carry out their promises and may cancel or refuse to honor their contracts.
    • A. 

      True

    • B. 

      False

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