An email contract is

An email contract is

a. Void
b. Voidable
c. A violation of the Statute of Frauds
d. Valid and enforceable, assuming all the elements of a contract are present

Answer: D

Inferior performance is:

Inferior performance is:

a. The same as no performance at all
b. Is simply less than average performance
c. Performance which is almost complete
d. None of the above

Answer: A

Big High Drug Store contracts to hire Anna Sue as a pharmacist upon graduation in May, but she must receive her Pharmacist's license by the next December. This contract contains a(n)

Big High Drug Store contracts to hire Anna Sue as a pharmacist upon graduation in May, but she must receive her Pharmacist's license by the next December. This contract contains a(n)

a. Covenant
b. Condition subsequent
c. Condition precedent
d. Implied condition

Answer: B

Squeegie, 17 years old, buys a car for $20,000.00 cash from Fast Eddie's Used Cars. A week later Squeegie is stopped at a red light when he is rear-ended by Wingnut. Squeegie has the wrecked car, now worth $200.00, towed back to Fast Eddie's. Squeegie will

Squeegie, 17 years old, buys a car for $20,000.00 cash from Fast Eddie's Used Cars. A week later Squeegie is stopped at a red light when he is rear-ended by Wingnut. Squeegie has the wrecked car, now worth $200.00, towed back to Fast Eddie's. Squeegie will

a. Be able to disaffirm the contract and get his $20,000.00 back since he was a minor and returned the wrecked car
b. Be able to disaffirm the contract but only get $200.00 back
c. Won't be able to disaffirm his contract since his conduct was wanton
d. Will win a lawsuit against Fast Eddie for dealing with a minor

Answer: A