Contract Law Test

When Ken collapsed after a workout, he was lucky that a doctor was on hand to help him. The doctor provided immediate medical care and sent Ken the bill afterwards. Ken refused to pay because he did not ask for medical care from the doctor. Ken is obligated to pay because:

• An implied in-law contract was established.

• An implied in-fact contract was established.

• 1. An express contract was established.

• An oral agreement was established.

The act of both parties agreeing to carry out their promise is which element of a contract?

• Acceptance

• Offer

• 1. Consideration

• Intent

When a Kameron enters a bar and orders a few drinks, she is expected to pay because:

• An implied in-law contract was established.

• An implied in-fact contract was established.

• An express agreement was made.

• 1. An oral agreement was made.

Which of the following must be part of a contract for it to be enforceable?

• A third party witnesses the signing.

• An offer that details what one party will give up.

• Consideration is exchanged.

• 1. At least one of the parties is of legal age.

PJ told his coworkers that if he wins at the casino, he will, in his own words, 'help them out financially'. What can this be considered as?

• An Illusory promise.

• An implied in-Fact contract.

• An oral contract.

• 1. A binding contract.

A ______ is a written or expressed agreement between two parties to provide a product or service. There are essentially six elements of a contract that make it a legal and binding document.

• Contract

• Agreement

• Report

• Answer not listed

An _______ contract is the most common contract type. In this type of contract, all elements are specifically stated. This can be written or done orally. Either way, offer, acceptance and consideration must bind the parties together legally. And both parties must clearly understand the terms and conditions each is agreeing to.

• Express

• Implied In-Fact

• Implied In-Law

• Answer not listed

When LaBraxton decided to rent an apartment from Landlord Sidney, he signed a lease. In the lease, it stated the amount of the rent, the length of the lease and what amenities are included in the rent. LaBraxton gave Sidney a down payment equal to one month's rent to secure the apartment, signed the agreement and Sidney handed over the keys and rights to occupy the place for a period of time written into the lease agreement. LaBraxton and Sidney entered into an _______ contract for the rental of an apartment.

• Express

• Implied In-Fact

• Implied In-Law

• Answer not listed

An ______ contract binds parties together through a mutual agreement and intent, but there are no expressed terms of the agreement. The agreement holds mutual intention based on facts and circumstances and a reasonable assumption from the circumstances and relations between the parties.

• Implied In-Fact

• Express

• Implied In-Fact

• Answer not listed

For an implied in-fact contract to be enforceable, Which few elements must be present. Select all that apply.

• 1. An unambiguous offer and acceptance

• 1. Mutuality of both parties to be bound to the contract

• 1. Consideration

• 1. Capacity of the parties in terms of age and mental ability