30. Borzosh hires Hasso ( a professional painter) to paint her house. They agree on the...

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Finance

30. Borzosh hires Hasso ( a professional painter) to paint herhouse. They agree on the type of paint to be used, date to paintthe house, but they never agree on a price. Once Hasso completesthe job, assuming price was never discussed:

a. she will be paid a reasonable price, under a theory ofimplied contract;

b. she will be paid a reasonable price, based upon a quasi-contract theory;

c. she will be unable to collect, since there was no signedcontract;

d. she will not be able to recover the cost, since there wasnever an agreement.

31. If the subject matter of the offer is destroyed before theoffer is accepted, the offer is considered terminated by operationof law.

(T or F)

32. Landis places an advertisement to sell her car. The ad willbe construed to be:

a. an offer;

b. an invitation to negotiate;

c. an option;

d. irrelevant.

33. A covenant not to compete is valid provided it is reasonableas to duration and_____.

a. subject matter;

b. consideration;

c. geographic scope;

d. remedy for breach.

34. A contract entered into by a person who has been adjudicatedto be mentally incompetent is:

a. valid, if the person was lucid at the time they agreed to thecontract;

b. voidable;

c. absolutely void;

d. none of the above.

35. McCulloch did a favor for Tsymbal last year. When Tsymbalsees McCulloch this year, she promises to pay her $300 to show herappreciation. This is an enforceable promise.

( T or F )

36. Glanville purchases a new car for $50,000. When he leavesclass, his car will not start. He shouts “the first person whogives me 10 bucks can have this car.” Scott hears this, andimmediately gives him ten dollars. Scott is now the owner of thecar.

( T or F )

Answer & Explanation Solved by verified expert
4.2 Ratings (781 Votes)
30 option A is correct she will be paid under the implied contract theory as they content to enter into a contract when they discussed upon the date and type of paint to be used though there was no written or oral agreement about the price 31 if the subject    See Answer
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