Chapter 12

Question 1

An invitation to treat is

Answer 1

Request of offers

Question 2

What is a promise

Answer 2

Offer

Question 3

Which one of the following about the revocation of an offer is true

Answer 3

Unless consideration is paid to keep an offer open for specific time revocation will be made at any time prior to acceptance

Question 4

Which of the following statements is true with respect to common law duress

Answer 4

Finding of a common law address will result in the contract being voidable by the party that was robbed of free will to contract

Question 5

Garfield a trading service representative was the listing and selling representative with respect to sale of Madison’s house to Tyler. After the sale Tyler discovered that the main and lower floors of the house Sloat. Garfield Madison and Tyler had not noticed this before although they do you fax was discoverable using ordinary deal diligent. Based on above which of the following statements is true

Answer 5

Neither Garfield or miles an hour liable to Tyler for failing to bring the defect to Tyler’s attention

Question 6

Remedies
Common law

damages

breach of contract - The injured party does have a duty to mitigate damages keep losses at minimum

Answer 6

Equitable law cannot be given if damages are awarded

Specific performances - unique properties

Injunction- It can start from doing something selling the property to someone

Mandatory injunction - required to do something

Quantum Merit- the law implies a promise to pay reasonable

Question 7

Which of the following statement is true with respect to damages for breach of contract

Answer 7

Common law damages can only be awarded for the breach of conditions

Question 8

Which of the following statement is true with respect to the assignment of a contract

Answer 8

Do you to the fact the assignment is an exception to the doctrine of privity of contract to sign each despite not being an original party to the contract can enforce a properly assigned contract as if he was the original party to the contract

Question 9

A subject to clause in a contract purchase and sale is correctly known as

Answer 9

Condition Precedent

Question 10

And May 3 Mary offers to buy Harvey’s house and the offer was open for acceptance until 2 o’clock on May 4 which of the following is faults

Answer 10

Mary’s offers represents an option agreement

Question 11

John makes the following offer to Mary I will pay you $500 to put a new roae bed in my garden. If she accepts what is the result

Answer 11

And a forceful contract has been formed if an intention to create a legal relationship exists