Question 1

An implied contract is one in which the agreement is shown not by words, written or spoken, but by the acts and conduct of the parties.

Accepted Answer

A) True 
 B)False

Question 2

Quasi contracts are fictional contracts.

Accepted Answer

A) True 
 B)False

Question 3

A contract is a(n)  ________ agreement for which the _______.:

Accepted Answer

A)   promissory, parties make mutual promises.
B)   multi-party, law gives a remedy.
C)   obligation, obligor promises to pay the obligee.
D)   legally binding, law gives a remedy.

Question 4

An executed contract is an agreement that has been completely performed.

Accepted Answer

A) True 
 B)False

Question 5

Only the parties who signed the original contract can have rights with respect to that contract.

Accepted Answer

A) True 
 B)False

Question 6

In a quasi-contract situation, the reasonable value of services or goods to avoid unjust enrichment are called:

Accepted Answer

A)   preclusion.
B)   benefits.
C)   quantum meruit.
D)   restitution damages.

Question 7

The subject matter of a contract can never relate to the performance of personal services.

Accepted Answer

A) True 
 B)False

Question 8

The plaintiff in a quasi-contractual action can recover:

Accepted Answer

A)   lost profits.
B)   damages for mental distress.
C)   the reasonable value of the benefit conferred upon the defendant.
D)   for all the damages sustained.

Question 9

An implied contract is shown by:

Accepted Answer

A)   a writing.
B)   the acts and conduct of the parties.
C)   statements made in open court.
D)   an exchange of oral promises.

Question 10

A contract under which one or both parties have not yet fully performed is termed a(n) :

Accepted Answer

A)   void agreement.
B)   executory contract.
C)   executive contract.
D)   executed contract.

Question 11

A bilateral contract consists of a:

Accepted Answer

A)   promise for an act.
B)   promise for refraining from acting.
C)   promise for a promise.
D)   promise to contract.

Question 12

A contract is essentially an agreement that creates an obligation.

Accepted Answer

A) True 
 B)False

Question 13

Quasi-contractual liability will generally be imposed when the cost of performing a contract is greater than had been expected.

Accepted Answer

A) True 
 B)False

Exam 11: Nature and Classes of Contracts: Contracting on the Internet

A bilateral contract consists of a:

Correct Answer
verified

An implied contract is shown by:

Correct Answer
verified

Quasi-contractual liability will generally be imposed when the cost of performing a contract is greater than had been expected.

Correct Answer
verified

A contract is essentially an agreement that creates an obligation.

Correct Answer
verified

In a quasi-contract situation, the reasonable value of services or goods to avoid unjust enrichment are called:

Correct Answer
verified

A contract under which one or both parties have not yet fully performed is termed a(n) :

Correct Answer
verified

An implied contract is one in which the agreement is shown not by words, written or spoken, but by the acts and conduct of the parties.

Correct Answer
verified

A contract is a(n) __ agreement for which the _.:

Correct Answer
verified

Quasi contracts are fictional contracts.

Correct Answer
verified

The plaintiff in a quasi-contractual action can recover:

Correct Answer
verified

An executed contract is an agreement that has been completely performed.

Correct Answer
verified

The subject matter of a contract can never relate to the performance of personal services.

Correct Answer
verified

Only the parties who signed the original contract can have rights with respect to that contract.

Correct Answer
verified

Exam 11: Nature and Classes of Contracts: Contracting on the Internet

A bilateral contract consists of a:

Correct AnswerverifiedShow Answer

An implied contract is shown by:

Correct AnswerverifiedShow Answer

Quasi-contractual liability will generally be imposed when the cost of performing a contract is greater than had been expected.

Correct AnswerverifiedShow Answer

A contract is essentially an agreement that creates an obligation.

Correct AnswerverifiedShow Answer

In a quasi-contract situation, the reasonable value of services or goods to avoid unjust enrichment are called:

Correct AnswerverifiedShow Answer

A contract under which one or both parties have not yet fully performed is termed a(n) :

Correct AnswerverifiedShow Answer

An implied contract is one in which the agreement is shown not by words, written or spoken, but by the acts and conduct of the parties.

Correct AnswerverifiedShow Answer

A contract is a(n) ________ agreement for which the _______.:

Correct AnswerverifiedShow Answer

Quasi contracts are fictional contracts.

Correct AnswerverifiedShow Answer

The plaintiff in a quasi-contractual action can recover:

Correct AnswerverifiedShow Answer

An executed contract is an agreement that has been completely performed.

Correct AnswerverifiedShow Answer

The subject matter of a contract can never relate to the performance of personal services.

Correct AnswerverifiedShow Answer

Only the parties who signed the original contract can have rights with respect to that contract.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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A contract is a(n) __ agreement for which the _.:

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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