30. An express contract b. may be found by the conduct of the partsm involved. d

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30. An express contract b. may be found by the conduct of the partsm involved. d. is not valid in many states forth ther 31. Sam's uncle tells him, "Tor your graduation gin old computer that he keeps uning whãe he looks forword to getting the ew computer from bay you agood corputer "r gadate school. Sam owns an his uncle Ater gradkation he uncle a. breach of contract b. breach of quasi-contract refuses to give him the new computer. San's best theory for recovery when samg1m uro breach of implied contract Sam cannot successfully sue his uncle. Ir Becky promises not to drink akcohol until she reaches 18 years old in exchange for Ben's promise of $1,000, tve a entorceable because Becky is giving up the right to do something she would otfverwise be entited to do. the agreement accomplishes Ben's goal of keeping Becky from drinking. enforceable because not enforceable because Becky is not able to prove forbearance not enforceable because Becky is a minor and could disaffim the contract. 33. Your professor cannot charge you to take this test because: a. You paid tuition and the test is automatically included in the tuition. professor is under contract so he's already being paid to give the test and cant charge for something he's under contract to do. b. Your c. Tests cant be charged for because it's impossible to put a proper value on them, so determining it the consideration is adequate would be impossible. Actually, your professor can charge you for the test but dest base he dooe tot to tease to ae ee in the university charges d· 34 On January 16, Deb offers to sell her waterbed to Colleen for $600. Colleen accepts and agrees to pay Deb $600 on January 27. Which of the following is correct? a. On January 16, the contract was executory b. On January 16, the contract was executed C. This contract is a unilateral contract d. There is no contract until at least one party performs 35 John owns a thoroughbred horse named Prince Charming that just ran in the Kentucky Derby. Prince Charming came in last, much to John's frustration and embarrassment. John exclaims in a loud voice, "I'm selling that horse to the first person who hands me $10.00 bucks!" John has: a. made an offer to anyone within hearing distance and will be bound by his offer to the first person who produces $10.00 b. made a firm offer and will be bound by his offer for a reasonable period of time. C. made an acceptance to the first person who can produce $10.00. d) not made an offer because under the circumstances a reasonable person would not conclude that John had intent to make an offer 36. On Monday morning, Mandy faxes her offer to Erik. On Monday afternoon, Erik writes, "I accept" on the fa Tuesday morning, Erik mails his acceptance. On Tuesday afternoon, Mandy faxes Erik a revocation of the offer. Or Thursday morning, Erik's acceptance letter arrives at Mandy's office. a. the offer was revoked when the revocation was faxed because it was sent before the acceptance arrived at Mandy's office the offer was revoked when the revocation was received by Erik because it arrived before the acceptance an at Mandy's office C. the contract became valid when Erik mailed the acceptance d the contract became valid when Erik wrote, "I accept" on the fax

Explanation / Answer

30. The correct answer is option C) has both parties setting forth their intentions.

An exchange of promises in which the terms by which the parties agree to be bound are declared either orally or in writing, or a combination of both, at the time it is made.

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