Question

1. Bridget works for Ray. At the end of her first year, Ray promises to pay her a bonus for her "four quarters of success." Ray's promise is

a. unenforceable because Bridget's performance was a preexisting duty.

b. unenforceable because Bridget's performance is not legally sufficient.

c. unenforceable because Bridget's performance is past.

d. enforceable

2. In determining whether a contract has been formed, an element of prime importance is

a. the subject of the contract.

b. the intent of the parties.

c. the condition of the workplace.

d. the duration of the work.

3. Arthur has a contract with Mary Margaret to sell her 20 boxes of goods for a total of $2,000. When Arthur breaches the contract and fails to deliver the goods, Mary Margaret finds substitute goods through another seller for $2,500. If Mary Margaret sues and wins $500, those would be called

a. consequential damages.

b. punitive damages.

c. compensatory damages.

d. nominal damages.

Answer 1

Q- 1) Bridget works for Ray. At the end of her first year, Ray promises to pay her a bonus for her "four quarters of success." Ray's promise is

Answer- (d) enforceable .

Q- 2) In determining whether a contract has been formed, an element of prime importance is

Answer- (b) the intent of the parties.

Q- 3) Arthur has a contract with Mary Margaret to sell her 20 boxes of goods for a total of $2,000. When Arthur breaches the contract and fails to deliver the goods, Mary Margaret finds substitute goods through another seller for $2,500. If Mary Margaret sues and wins $500, those would be called

Answer- (d) nominal damages.