PRETEST 2

PRETEST
QUESTION 1
Which of the following contracts must be written according to the statute of frauds:

A PRENUPTIAL AGREEMENT

A contract for a $300.00 automobile

A contract to paint a house

A contract to wash someone's car
5 points

QUESTION 2
John offers to sell his car to Mary for $5000 and Mary responds, saying "I'll give you $4500." Mary's statement constitutes a(n)

COUNTEROFFER.

revocation of the offer.

acceptance.

modification.
5 points

QUESTION 3
A contract made by a minor is

VOIDABLE.

always void.

unconscionable.

illegal.
5 points

QUESTION 4
Which of the following must be made in writing to be enforceable?

CONTRACTS FOR THE SALE OF LAND

contracts with minors

unilateral contracts

sales contracts
5 points

QUESTION 5
In the absence of a contact complete with offer, acceptance, and consideration, a court may enforce a promise under the principle of promissory estoppel where

THE PROMISOR INDUCED DETRIMENTAL RELIANCE ON THE PROMISE.

the promisor created an unconscionable contract.

the promisee was unaware of the promise

performance is impossible.
5 points

QUESTION 6
Monetary damages include

5 points

QUESTION 7
Reformation of a written contract is appropriate where

an inadvertent mistake was made in writing the contract

agreement was induced by misrepresentation

one of the parties was intoxicated when signing the contract.

both parties have breached the contract.
5 points

QUESTION 8
____ is a remedy requiring a breaching party to carry out the terms of the contract.

SPECIFIC PERFORMANCE

Injunctive relief

Rescission

Reformation
5 points

QUESTION 9
An attorney cannot enter into a business transaction with a client unless:

5 points

QUESTION 10
Which of the following is an accurate list of the essential elements of a contract?

OFFER, ACCEPTANCE, CONSIDERATION, CAPACITY, LEGALITY

Offer, rejection, consideration, capacity, legality

Offer,