1) If a contract omits to specify the price a court cannot enforce the agreement. a) True b) False 2) An offer to enter into a unilateral contract cannot be revoked by the offeror. a) True b) False 3) An offer to enter into a unilateral contract may be rejected by the offeree only if the offeror receives actual notice of the rejection. a) True b) False 4) To establish economic duress it is necessary to prove fear of physical harm. a) True b) False 5) Contractual intent must be determined by applying the objective, reasonable person standard. a) True b) False 6) Quasi-contractual recovery may be permitted for: a) a contract where the subject matter is malum in se b) a contract where the subject matter is malum prohibitum c) both of the above d) neither of the above 7) Which theory might a court rely upon in enforcing an agreement that does not meet the requirements for a contract? a) formal contract  b) unilateral contract c) implied-in-fact contract d) quasi-contract 8) Contracts of adhesion generally a) are void b) are voidable c) are enforceable d) none of the above 9) Silence may constitute an acceptance a) if the offer was solicited by the offeree b) the contract is implied c) both of the above d) neither of the above 10) For bilateral contracts, an offer may not be revoked prior to acceptance a) if the offeree has made a substantial beginning b) if the offeree has detrimentally relied on the offer c) if it has been accepted by more than one offeree d) all of the above

Midterm - Multiple Choice

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