Question 1

Define a bilateral contract and a unilateral contract, and give an example of each.

Accepted Answer

The answer of Define a bilateral contract and a unilateral...

Question 2

[Dog Training] Nia and Bruno enter into a written contract for Bruno to train Nia's dog. Under the contract, Nia is required to pay Bruno $20 for each training session.
-What law would best govern Nia and Bruno's contract?
A) Both common law and the Uniform Commercial Code.
B) The Uniform Commercial Code.
C) Statutory law of the state.
D) Federal law.
E) Common law.

Accepted Answer

Contracts for services, such as dog training, are governed by common law, which is based on court decisions and customs, rather than the Uniform Commercial Code (UCC), which primarily governs sales of goods.

Question 3

First, define an express contract and an implied contract. Next, present the three conditions that generally must be met for the courts to find an implied contract, and provide an example of an express contract, and an implied contract.

Accepted Answer

The answer of First, define an express contract and an...

Question 4

Discuss the meaning of a void contract and a voidable contract, and the effect of a determination that a contract is either void or voidable.

Accepted Answer

The answer of Discuss the meaning of a void contract...

Question 5

Katie mows her own yard to save money. Her neighbor Jonah, however, hires a lawn service to mow his yard. One day, as Katie is looking out of the window, Jonah's lawn service drives up. To her surprise, they begin to mow her yard, not Jonah's yard. Katie thinks that is great and keeps her mouth shut while they mow the yard. Later, she gets a bill. She calls the owner of the lawn service and says that she does not have to pay because there was not a contract in place where she agreed to have her yard mowed. The lawn service says that she is liable for the full amount of its contract. Discuss whether the lawn service is entitled to any recovery, and why or why not.

Accepted Answer

The answer of Katie mows her own yard to save...

Question 6

[Dog Training] Nia and Bruno enter into a written contract for Bruno to train Nia's dog. Under the contract, Nia is required to pay Bruno $20 for each training session.
-Which of the following is true about void and voidable contracts?
A) Either party can terminate the contract at any time as long as additional consideration is paid.
B) Both contracts are illegal and the consideration for the contract must be returned to the other party.
C) Both parties must agree to terminate a void or a voidable contract because otherwise there would be no privity of contract and a court would not uphold it anyway.
D) A void contract is not a contract at all; a voidable contract can be terminated by one party.
E) Both contracts must be in writing.

Accepted Answer

A void contract is considered as having no legal effect from the beginning, thus it's not a contract at all, while a voidable contract is valid but can be legally voided at the option of one of the parties.

Question 7

[Dog Training] Nia and Bruno enter into a written contract for Bruno to train Nia's dog. Under the contract, Nia is required to pay Bruno $20 for each training session.
-Which of the following is true about void and voidable contracts?
A) Either party can terminate the contract at any time as long as additional consideration is paid.
B) Both contracts are illegal and the consideration for the contract must be returned to the other party.
C) Both parties must agree to terminate a void or a voidable contract because otherwise there would be no privity of contract and a court would not uphold it anyway.
D) A void contract is not a contract at all; a voidable contract can be terminated by one party.
E) Both contracts must be in writing.

Accepted Answer

A void contract is not a contract at all, meaning it is a nullity and cannot be enforced. A voidable contract, on the other hand, is a valid contract but allows one party the option to terminate it due to some defect or illegality. Therefore, only a voidable contract can be terminated by one party.

Question 8

[Dog Training] Nia and Bruno enter into a written contract for Bruno to train Nia's dog. Under the contract, Nia is required to pay Bruno $20 for each training session.
-Bertrand sends an email to Lowell asking him if he would like to co-author a book. Lowell agrees and requests a $10,000 advance for the first three chapters. Bertrand sends him the money. Classify the contract.
A) The contract is voidable, express, and executed.
B) The contract is void, implied, and executory.
C) The contract is express, bilateral, and executory.
D) The contract is implied, executed, and valid.
E) There is not a valid contract.

Accepted Answer

The contract between Nia and Bruno is express because its terms are clearly stated in writing. It is bilateral because it involves a mutual exchange of promises (Nia pays for the training sessions, and Bruno provides the training). It is executory because the obligations under the contract (the dog training sessions) have not yet been fully performed by both parties. Similarly, the contract between Bertrand and Lowell is express (terms are clearly communicated), bilateral (mutual exchange of promises), and executory (work and payment are to be completed over time).

Question 9

There are four elements that are necessary for a contract to exist. Identify and describe each of those elements.

Accepted Answer

The answer of There are four elements that are necessary...

Question 10

[Dog Training] Nia and Bruno enter into a written contract for Bruno to train Nia's dog. Under the contract, Nia is required to pay Bruno $20 for each training session.
-What type of contract is the dog training contract?
A) Bilateral and express.
B) Bilateral and implied.
C) Unilateral and express.
D) Unilateral and implied.
E) Bilateral and unenforceable.

Accepted Answer

The dog training contract is bilateral and express because it involves two parties making explicit promises to each other: Nia promises to pay Bruno $20 for each training session, and Bruno promises to provide the training sessions.

Quiz 13: Introduction to Contracts

Define a bilateral contract and a unilateral contract, and give an example of each.

[Dog Training] Nia and Bruno enter into a written contract for Bruno to train Nia's dog. Under the contract, Nia is required to pay Bruno $20 for each training session. -What law would best govern Nia and Bruno's contract?

First, define an express contract and an implied contract. Next, present the three conditions that generally must be met for the courts to find an implied contract, and provide an example of an express contract, and an implied contract.

Discuss the meaning of a void contract and a voidable contract, and the effect of a determination that a contract is either void or voidable.

[Dog Training] Nia and Bruno enter into a written contract for Bruno to train Nia's dog. Under the contract, Nia is required to pay Bruno $20 for each training session. -Which of the following is true about void and voidable contracts?

[Dog Training] Nia and Bruno enter into a written contract for Bruno to train Nia's dog. Under the contract, Nia is required to pay Bruno $20 for each training session. -Which of the following is true about void and voidable contracts?

There are four elements that are necessary for a contract to exist. Identify and describe each of those elements.

[Dog Training] Nia and Bruno enter into a written contract for Bruno to train Nia's dog. Under the contract, Nia is required to pay Bruno $20 for each training session. -What type of contract is the dog training contract?