Multiple choice
1. Carrie decides to offer Susan the opportunity to purchase her motorcycle for just $500. Carrie told Carter, a mutual friend of hers and Susan’s, that she intended to make the offer. Later, Carrie changes her mind. Susan approaches Carrie and says she accepts the offer. What will the likely result be?
A. No contract was formed because Carrie didn’t possess a serious, objective intention.
B. No contract was formed because Carrie never communicated the offer to Susan.
C. No contract was formed because the terms of the offer weren’t certain or definite enough to form a contract.
D. A contract was formed because Susan accepted Carrie’s offer.
2. Will contracts with Grace to sell her 100 lamps for $1,000. Will breaches his contractual duty to deliver the lamps, and Grace buys 100 lamps for $2,000 from another dealer. Grace sues Will for breach of contract. She will most likely receive what type of damages?
A. Compensatory damages in the amount of $1,000
B. Compensatory damages in the amount of $2,000
C. Consequential damages of $3,000
D. Nominal damages of $100
3. Uncle Eb tells his wayward nephew Jonah that if he refrains from drinking and smoking until he reaches the age of 18, he’ll pay him $500,000. Jonah refrains from drinking and smoking until after his eighteenth birthday. What would a judge most likely say?
A. No contract is formed because there’s no bargained-for exchange.
B. No contract is formed because there’s no legal value offered.
C. No contract is formed due to inadequacy of consideration.
D. A contract exists between Uncle Eb and Jonah.
4. Joey mailed Clark an offer in which he offered to sell Clark all of his baseball cards for $300. No other stipulations appeared in the offer. The next day, Clark mailed Joey his acceptance of the offer, along with a check for $300. That same day, Joey mailed Clark a letter revoking his offer. The most likely result will be that
A. no contract was formed because Joey revoked the offer.
B. a contract was formed because of the mailbox rule.
C. no contract was formed because Clark used an improper means of acceptance.
D. a contract was formed because once Joey mailed the offer, he couldn’t revoke it.
