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Contracts Overview Quiz
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Contracts Overview Quiz

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Questions and Answers

What does 'ab initio' mean in the context of contracts?

  • From the beginning (correct)
  • From the end
  • From the middle
  • From the outside

    • Which type of contract would typically involve clauses that restrict an employee's future work opportunities?

  • Service contracts
  • Partnership agreements
  • Sale contracts
  • Non-competition clauses (correct)

    • Under what conditions can restitution be granted?

  • Both parties acted in bad faith
  • The contract was legal
  • The contract was executed in writing
  • One party acted in good faith or ignorance of the contract's legality (correct)

    • What does the Statute of Frauds require for certain contracts?

    <p>They must be written and signed by the parties</p> Signup and view all the answers

    Which of the following agreements is considered a violation of public policy?

    <p>Creating a contract to suppress evidence of a crime</p> Signup and view all the answers

    What must formal contracts usually include?

    <p>Sealing and writing</p> Signup and view all the answers

    Which clause specifically prevents a former employee from soliciting clients of their previous employer?

    <p>Non-solicitation clause</p> Signup and view all the answers

    Which of the following is NOT a type of contract that violates statute law?

    <p>Contracts for the sale of land</p> Signup and view all the answers

    What type of promise did Effie make to Cat Rescue Paradise?

    <p>Gratuitous promise</p> Signup and view all the answers

    What is required for a charitable donation pledge to be enforced under promissory estoppel?

    <p>Reliance on the promise by the charity</p> Signup and view all the answers

    Why is Sal's pledge to contribute $5,000 to Rami's Play Centre not enforceable in court?

    <p>There was no consideration involved</p> Signup and view all the answers

    In the context of Jo's agreement with Keri, what did Keri expect from Jo regarding the rental payments?

    <p>Back rent payment for the months at the lower rent</p> Signup and view all the answers

    What legal principle prevents Keri from enforcing the original $400 rent after she reduced it to $100?

    <p>Promissory estoppel</p> Signup and view all the answers

    What was the result of Effie's failure to transfer the promised funds?

    <p>Cat Rescue Paradise has no claim due to lack of reliance</p> Signup and view all the answers

    What factor could potentially make Jo liable to pay Keri back for the lower rent?

    <p>Keri's assertion of a gratuitous promise</p> Signup and view all the answers

    Which of the following best explains why gratuitous promises are generally non-binding?

    <p>They do not involve mutual consideration</p> Signup and view all the answers

    What determines whether a contract involving a minor for non-necessaries is valid?

    <p>It is valid unless the minor repudiates it.</p> Signup and view all the answers

    What is required for a minor's contract regarding non-necessaries to be considered invalid?

    <p>It must be ratified in writing by the minor.</p> Signup and view all the answers

    Which type of contracts are classified as void for minors?

    <p>Contracts that are clearly prejudicial or harmful.</p> Signup and view all the answers

    What happens when a minor enters into a void contract?

    <p>The minor is entitled to have their property returned.</p> Signup and view all the answers

    Under what circumstance can a minor validate a contract upon reaching the age of majority?

    <p>If they partially perform the contract shortly after reaching majority.</p> Signup and view all the answers

    What condition allows an intoxicated party to void a contract?

    <p>The intoxicated party was unaware of the contract details due to intoxication.</p> Signup and view all the answers

    What is considered willfully blind in a contract situation involving intoxication?

    <p>Ignoring the intoxicated state of the other party.</p> Signup and view all the answers

    How can mental illness affect a person's capacity to enter into a contract?

    <p>People with mental illness may still enter into contracts if capable of managing their affairs.</p> Signup and view all the answers

    What factor will the court first consider regarding Raz's late acceptance of the egg offer?

    <p>The perishable nature of the eggs.</p> Signup and view all the answers

    Which statement about the communication of revocation between Blossom and Tyrone is true?

    <p>Blossom must communicate any revocation before Tyrone's acceptance.</p> Signup and view all the answers

    What implication does the lack of a time deadline in Raz's offer have on the acceptance?

    <p>It requires the court to imply a reasonable timeframe for acceptance.</p> Signup and view all the answers

    What was Tyrone's action that indicated acceptance of Blossom's offer?

    <p>His intention to visit Blossom with money.</p> Signup and view all the answers

    How did the nature of the eggs affect the court's decision regarding the lapse of time?

    <p>The nature required Raz to respond immediately due to their perishable nature.</p> Signup and view all the answers

    What would be the result if Raz had accepted the offer within the original 24-hour window?

    <p>A valid contract would have been formed immediately.</p> Signup and view all the answers

    What principle does the court rely on regarding acceptance when no time is specified in a contract?

    <p>Acceptance should be based on historical patterns of business interaction.</p> Signup and view all the answers

    If Fran needs to think about the puppy offer, what is the status of the contract with Lily?

    <p>No contract is formed until Fran confirms her acceptance.</p> Signup and view all the answers

    What argument can Jo use to avoid a breach of contract finding?

    <p>Jo relied on a clear promise regarding lower rent.</p> Signup and view all the answers

    Was consideration present in Rennie's agreement with Iris?

    <p>Yes, because Iris offered $20 for the lawnmower.</p> Signup and view all the answers

    Why can Al not successfully sue Pacino for breach of contract?

    <p>Because the agreement was illegal and therefore void.</p> Signup and view all the answers

    What was Pat's motivation for contacting Joshna after learning the value of the necklace?

    <p>To offer to pay her the necklace's market value.</p> Signup and view all the answers

    What can be concluded about the nature of Rennie's promise to sell the lawnmower?

    <p>It is a gratuitous promise with no consideration.</p> Signup and view all the answers

    What element of the agreement between Joshna and Pat could be contested?

    <p>The legal status of the gift.</p> Signup and view all the answers

    How did Jo's argument about being equitable relate to her case?

    <p>She believed inequity would lead to her favor.</p> Signup and view all the answers

    What is the potential implication of the illegal nature of Al's contract?

    <p>It invalidates any claim from Al.</p> Signup and view all the answers

    Study Notes

    Contracts Overview

    • Ab initio means "from the beginning"; a contract deemed void ab initio creates no rights.
    • Contracts violating statute law include prohibited activities (e.g., murder, robbery) and invalid agreements (e.g., price-fixing).
    • Non-competition clauses restrict former employees from competing based on time and geography.
    • Non-solicitation clauses prevent former employees from soliciting clients or employees from their previous employer.

    Contracts and Public Policy

    • Contracts that contravene public policy aim to obstruct justice, harm public service, promote litigation unnecessarily, or conceal evidence of a crime.

    Restitution

    • Restitution law seeks to restore parties to pre-contract positions if the contract is illegal, contingent upon public policy and good faith actions.

    Formal Writing Requirements

    • Formal Contracts (deeds) are written and sealed; Simple Contracts can be oral or written without formalities.
    • Statute of Frauds mandates certain contracts be written, especially those related to land sales and agreements with minors.

    Technical Requirements for Contracts

    • Contracts must clearly identify parties and terms, including offers and consideration.
    • The contract must be signed by the party whose promise is enforced; a printed or stamped signature can be valid.

    Minor's Contracts

    • Contracts with minors for non-necessaries may be valid unless repudiated; certain contracts require ratification when minors reach the age of majority.
    • Void contracts for minors are automatically unenforceable.

    Law Affecting Minors in BC

    • Contracts may become enforceable upon reaching the age of majority or if fulfilled shortly after.

    Intoxication and Mental Illness in Contracts

    • An intoxicated party may void a contract if they were unaware of their actions and the sober party knew or should have known their state.
    • Mental illness affects contractual capacity; individuals may still enter valid contracts if they manage their affairs.

    Case Summaries

    • Raz and Rudy: A response time is inferred in contract contexts based on historical dealings; Raz’s late acceptance could be deemed too late due to egg perishability.
    • Blossom and Tyrone: Since Tyrone was not informed of revocation, Blossom could be in breach of contract for selling the tools to someone else.
    • Fran and the Puppy: Fran's need to think indicates that she has not yet accepted, thus her response is not considered binding.

    Charitable Donations and Promises

    • Effie's promised donation is generally non-binding unless there’s reliance by the charity, which is absent here.
    • Sal’s pledge to Rami’s Play Centre is not enforceable as it falls under gratuitous promises.

    Contract Legality and Consideration

    • Jo can argue for estoppel regarding the rent reduction, asserting reliance on Keri's promise for lower rent and resulting detriment.
    • Rennie's sale of the lawnmower constitutes a contract due to exchange of consideration, regardless of the item's low price.
    • Al's contract with Pacino is void due to illegal circumstances, negating any breach claim.
    • Pat’s offer to buy back the Zoori necklace lacks a valid contract since acceptance of a gift cannot be legally obligated.

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    Related Documents

    Cheat Sheet 1 - Contracts_Torts.docx

    Description

    Test your knowledge on the fundamentals of contracts, including terms like 'ab initio', non-competition clauses, and public policy considerations. This quiz will challenge your understanding of contract legality, forms, and restitution principles. Perfect for students and professionals in the field of law.

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