Bus Law Ch 16
Pumps, Inc., agrees to assume a debt of Quality Parts Company to Reliable Finance LP. The agreement is not in writing. To be enforceable, the promise must be for the benefit of a. Quality. b. Pumps. c. all of the choices. d. Reliable.
Pumps
Marketing, Inc., and Nature's Foods Corporation (NFC) discuss a contract. They exchange "signed" e-mails that summarize the terms on which they agree. Marketing begins to perform, but Nature's refuses to pay. Between Marketing and Nature's, the e-mails are a. a pre-contract. b. a written contract. c. no contract. d. a post-contract.
a written contract
Retail Company and Sales Wholesale Corporation enter into a contract for a sale of beach toys for $5,000. To be enforceable, the contract should be in writing and identify a. the price. b. the terms of payment. c. the quantity. d. the source of payment.
the quantity
Nate promises to pay for dental services provided by Otto to Polly. Nate receives no personal benefit for the promise. To be enforceable, the promise must be in writing if a. Nate assumes primary financial responsibility for the cost. b. Nate promises to pay only if Polly does not pay. c. Otto's services will be provided in installments with separate payments. d. Polly also promises to pay.
Nate promises to pay only if Polly does not pay
Charlie and Dill sign a written contract for the sale of Dill's BBQ Food Truck to Charlie. The parties intend their written contract to be a final statement of the terms of their agreement. Refer to Fact Pattern 16-2. The writing that Charlie and Dill signed is a. a completely severable contract. b. a partially integrated contract. c. a partially divisible contract. d. a completely integrated contract.
a completely integrated contract
Ranchland Properties and Prairie State Investments sign a written contract for a sale of land. In some states, to be enforceable, this contract must include a. a correct title, such as "Land Transfer" or "Real Estate Agreement." b. a declaration of the contract's purpose. c. a statement of the source of financing. d. a description of the land.
a description of the land
Alain and Brie sign a contract for the sale of Alain's Patisserie to Brie. The parties intend their written contract to be a final statement of most, but not all, of the terms of their agreement—Alain must first buy the building from Commercial Properties, Inc., after which Alain and Brie will agree on a price. Refer to Fact Pattern 16-3. Brie later disputes some of the provisions of the deal with Alain. If the dispute results in litigation, a court will most likely admit evidence of additional terms that are a. contradictory. b. clear. c. consistent. d. ambiguous.
consistent
Alice and Bart enter into a contract for the sale of Canyon Ranch. To be enforceable, this contract must be a. all of the choices. b. in writing or evidenced by a written memorandum. c. substantiated by reliable, external evidence. d. signed in a sufficient manner by both parties.
in writing or evidenced by a written memorandum
ActioNOW and Becca enter into an oral contract in which Becca agrees to work on a project for ActioNOW for eighteen months. This contract is enforceable by a. any third party, such as ActioNOW's clients. b. none of the choices. c. ActioNOW. d. Becca.
none of the choices
Air Flo, Inc., and Banyan Grove Apartments enter into an oral contract in which Air Flo agrees to provide air-conditioning and heating maintenance for Banyan Grove's facilities for two years. This contract is enforceable by a. Air Flo. b. Banyan Grove. c. none of the choices. d. any third party, such as a HVAC supplies provider.
none of the choices