ETH 321T Week 4 Apply
Assignment
1. Tanner has too much
work to do to fulfill his contract obligations to Fin. He tells his employee
Lil to take care of his duties instead. Determine the status of each person.
o Tanner:
Delegator; Lil: Delagatee; Fin: Obligee
o Tanner: Obligee;
Lil: Delagatee; Fin: Beneficiary
o Tanner:
Delagatee; Lil: Delegator; Fin: Obligee
o Tanner:
Beneficiary; Lil: Delagatee; Fin: Obligee
2. What is the most
likely status of the contract for the scenario?
Laura, a 17-year-old, signs a contract with her neighbor to
buy a car through monthly payments. Laura loses her job the next week and can
no longer make the payments. Laura’s contract with her neighbor is most likely:
o Voidable
o Enforceable
o Void
3. Read the scenario
and determine what needs to take place based on the resolutions described in
the text.
Sue has contracted with Rick to do a landscaping project on
her property when she sells the whole property to Sylvia. Sylvia decides she
will continue to have Rick do the landscaping project. The parties now need
a(n) __________.
o Substitution
o Novation
o Accord and
satisfaction
o Force majeure
renovation
4. Match the
status/existence of a contract with the scenario.
Jackie makes a post on Facebook saying she promises to pay
$20 to whoever will come pull weeds in her garden. The next day, a stranger
pulls Jackie’s weeds and demands $20. Which of the following is most likely
true?
o Contract not
created
o Insufficient
information to determine
o Contract created
5. Hannah has a
contract dispute with Ralph over a sale of goods. Hannah wants to submit the
contracts she has made with her other customers as evidence of her fair
dealings. Which of the following is true?
o Hannah cannot use
other contracts to explain the terms of her contract with Ralph.
o Hannah’s other
contracts are valid evidence to help explain her contract with Ralph.
o Hannah can use
her other contracts to explain her contract with Ralph if they have already
been completed.
o Hannah cannot use
other contracts to explain the terms of her contract with Ralph unless they
show a consistent industry or trade practice that is also consistent with
Ralph’s contract.
This is the only reason outside evidence would be allowed to
explain Hannah’s terms with Ralph.
6. Based on the
details of the scenario, determine what will most likely occur.
Melinda has a contract to pay 13% interest on a personal loan
for 5 years. She decides the rate is unfair and files a complaint in court.
o Contract is valid
o Contract is
voided, subject to investigation
o Contract will be
modified
o Contract is voided
7. For the scenario,
determine if the party is guilty and what is "at play" related to
agreement between parties.
Tyson gets his employees to sign an employment agreement
which has extra contract obligations hidden in small, almost invisible type.
o Guilty - Fraud in
the execution
o Not Guilty
o Guilty - Undue
influence
o Guilty - Duress
8. Read the scenario
and determine what needs to take place based on the resolutions described in
the text.
Penn contracts with Lisa to do a landscape architecture
project on Lisa’s property. Before the contract starts, a local city ordinance
is instituted which severely limits citizens’ ability to plant certain types
and numbers of plants in order to conserve water. Penn and Lisa now need to
institute a(n) __________.
o Force majeure
renovation
o Substitution
o Novation
o Accord and
satisfaction
9. Demonstrate your
knowledge of the different types of remedy for breached contracts by filling in
the blank.
When a breach of contract results in no tangible harm to a
non-breaching party, it can receive __________
damages from the breaching party.
o Punitive
o Compensatory
o Consequential
o Nominal
10. Which of the
following would not qualify as valid consideration?
o Bill rents an
apartment from his landlord.
o Marcy pays Jim a
dollar for every bag of tin cans he picks up for recycling.
o Laura buys $100
worth of clothes from Martha on credit.
o Spencer and Linda
sign a contract where Linda buys all her lumber from Spencer and Spencer sells
as much lumber to Linda each week as he wants.
Linda’s consideration is her guarantee to buy only from
Spencer. Spencer is not offering consideration since, under the terms of the
agreement, he never has to sell if he doesn’t want to.
11. For the scenario,
determine if the party is guilty and what is "at play" related to
agreement between parties.
Rusty is a landlord over the apartment Pierre lives in.
Pierre is unable to make rent payments, so Rusty makes Pierre do renovation
labor on the apartments every day for 6 hours as payment instead. He also makes
Pierre sign a contract that he will not move until he catches up to his late
payments.
o Guilty - Fraud in
the execution
o Not Guilty
o Guilty - Undue influence
o Guilty - Duress
12. For the scenario,
determine if the party is guilty and what is "at play" related to
agreement between parties.
Lucy agrees over the phone with Daryl to sell him “the pretty
necklace in the window” in Lucy’s pawn shop. Lucy sends Daryl the wrong
necklace from a different window.
o Guilty - Duress
o Guilty - Fraud in
the execution
o Not Guilty
o Guilty - Undue influence
13. Based on the
details of the scenario, determine what will most likely occur.
Lincoln has been taking advantage of Benson through an unfair
contract for several years. Eventually, Benson seeks relief and legal freedom
from his contract.
o Contract will be
modified
o Contract is
voided, subject to investigation
o Contract is
voided
o Contract is valid
14. Demonstrate your
knowledge of the different types of remedy for breached contracts by filling in
the blank.
A party can receive __________ damages to restore itself to
the position it would have been in if a breach had not occurred.
o Consequential
o Nominal
o Compensatory
o Punitive
15. Examine the
scenarios to determine the protected status, unprotected status, existence, or
non-existence of a trade secret.
Orlando works for a manufacturing company in its research and
development division. After years of research and testing, Orlando finally
discovers the secret to a competitor’s efficient manufacturing process.
o Trade secret
exists
o Answer dependent
on additional details not provided
o Trade secret does
not exist
o Trade secret is
protected
o Trade secret may
be used by others
16. Based on the
scenario, what is the classification of the tenancy?
Alec pays Travis to rent office space for one year, after
which he will move out. Alec’s tenancy is best described as:
o Periodic tenancy
o Tenancy at
sufferance
o Tenancy for years
o Tenancy at will
ETH 321T Week 4 Apply Assignment
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