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True or False Quiz
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1
The person making a promise is the promisee.
A)True
B)False
2
The remedy phase of a contract trial is designed to compensate the innocent party for any loss she has suffered and to punish the wrongdoer.
A)True
B)False
3
The general principal of contract law is to put the parties in a better position than the contract.
A)True
B)False
4
Joe contracts to steal a new sports car for George in exchange for $5,000. A court will not enforce this contract.
A)True
B)False
5
Amanda purchases life insurance from Delta Insurance and names her son Edgar as beneficiary of Amanda's purchase.
A)True
B)False
6
Jose prepares Cynthia's income taxes in exchange for her promise to pay Jose $100. This is an example of a bilateral contract.
A)True
B)False
7
Nalini goes to Santa's Self Service Christmas Tree Farm and selects and cuts a tree. Nalini has created an implied-in-fact contract.
A)True
B)False
8
In states still requiring the seal or formal contract, it is sufficient to write the work seal after the signature.
A)True
B)False
9
Carl washes Andrew's car and Andrew pays Carl $15. This agreement is executory.
A)True
B)False
10
Quasi-contracts are created applying concepts of justice and fairness.
A)True
B)False





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