Free Practice Quiz Question List

2 Contracts Online Quiz Questions

Use this free practice quiz with 20 questions to review 2 Contracts, test your knowledge, and prepare for your next test or exam.

20 questions

Choose one

1 point

A homeowner promises to pay a painter in exchange for the painter's promise to paint the home. Which feature of this arrangement supplies consideration?

A
The painter's promise to paint in exchange for the homeowner's promise to pay
B
The homeowner's unrequested promise to give the painter a gift
C
The fact that the homeowner and painter have legal capacity
D
The fact that the agreement concerns a lawful purpose

Fill in the blank

1 point

An event specified in a contract that triggers, suspends, or discharges a duty is a .

True or false

1 point

Under the common-law substantial-performance doctrine, a contractor who completes a house using a slightly different but equivalent pipe may have substantially performed, although the other party may still recover for the defect.

A
True
B
False

Choose one

1 point

Two parties use words and conduct that would lead a reasonable person to believe they agreed, but one party privately intended something else. How is mutual assent generally assessed?

A
Whether both parties privately intended the same thing, regardless of what they said or did
B
Whether the parties' words and conduct would lead a reasonable person to understand that they agreed
C
Whether the written terms provide equal economic value to both parties
D
Whether each party later agrees that the contract was beneficial

Written response

1 point

A promise lacks ordinary consideration, but another party reasonably and foreseeably relies on it, and enforcement may be necessary to avoid injustice. What doctrine may support enforcement?

True or false

1 point

The parol evidence rule does not categorically exclude every form of evidence outside a final written agreement.

A
True
B
False

Choose one

1 point

Under common law, an offeree responds to an offer by agreeing but changing one of its terms. What is the usual effect of that response?

A
It automatically accepts the offer because the original terms remain mostly unchanged
B
It is always ineffective and cannot be treated as a new proposal
C
It is ordinarily a counteroffer because it changes a term
D
It forms a contract only if the parties later exchange equal economic value

Fill in the blank

1 point

A breach serious enough to undermine the bargain and potentially excuse the other party's remaining performance is a .

Choose all

1 point

Which circumstances may provide a defense to enforcement of a contract? Select all that apply.

A
A party lacked legally sufficient capacity
B
A party was induced by a material false statement
C
Improper pressure undermined voluntary assent
D
Both parties shared a material mistake about a basic assumption
E
A party later decided the agreed price was inconvenient

Written response

1 point

A seller fails to deliver goods. The buyer reasonably pays 950 dollars for replacements, although the contract price was 800 dollars. What is the price difference, in dollars?

Choose all

1 point

Which statements correctly describe consequential damages and the injured party's responsibility for avoidable loss? Select all that apply.

A
The loss was sufficiently foreseeable when the parties contracted
B
The loss can be proven
C
The injured party took reasonable steps to limit avoidable losses
D
The injured party can recover the same loss again under another label

Choose one

1 point

A seller breaches an agreement to transfer a unique parcel of land, and money damages would not adequately address the loss. Which remedy may a court consider?

A
It is the usual remedy for every breach, even when money fully compensates the loss
B
It may be available when money damages are inadequate, such as in some disputes over unique property
C
It automatically applies whenever a contract includes a written promise
D
It allows an injured party to recover the same loss twice

True or false

1 point

Punitive damages are generally unavailable for an ordinary breach of contract, though a separate legal claim or statute may produce a different result.

A
True
B
False

Open ended

1 point

A sales contract's phrase "standard grade" is reasonably open to more than one meaning. The parties have a final written agreement and a history of performing under it. Explain how a court may interpret the phrase and whether the parol evidence rule necessarily bars considering relevant evidence of the parties' performance or trade practices.

Choose one

1 point

A homeowner promises to pay a painter in exchange for the painter’s promise to paint the homeowner’s house. Which statement best describes consideration for this agreement?

A
The painter’s promise to paint is consideration, but the homeowner’s promise to pay is not.
B
The homeowner’s promise to pay and the painter’s promise to paint are consideration for each other.
C
The arrangement has consideration only if the price equals the market value of the painting work.
D
The arrangement lacks consideration because neither party has performed yet.

Choose one

1 point

A retailer publishes an ordinary advertisement for a product, without unusual details or language showing a definite commitment to sell. Under the general rule described in the materials, how is the advertisement most likely treated?

A
It is often an invitation to negotiate rather than an offer, though context matters.
B
It is always an offer that any customer can accept.
C
It is an acceptance of an offer made by every potential customer.
D
It is automatically irrevocable once it has been published.

Choose one

1 point

Which agreement is a common example of one that may need to satisfy a statute of frauds by meeting a signed-writing or other qualifying-record requirement?

A
A casual promise to give a friend a birthday gift.
B
A painter’s promise to complete a small repair immediately.
C
An agreement to sell land.
D
A promise to pay for a service after it has already been completed.

Choose one

1 point

A minor enters an agreement in circumstances where the governing law recognizes a capacity defense. Which outcome best matches the general rule in the materials?

A
The agreement is automatically enforceable in every circumstance.
B
The minor may have a right to avoid the agreement, subject to exceptions.
C
The other party alone may cancel the agreement for any reason.
D
The agreement is automatically void, with no possible exceptions.

Written response

1 point

What category of contract damages may compensate a party for reasonable expenditures made because of a promise, often when expectation damages are difficult to establish?

Written response

1 point

What doctrine may allow enforcement of a promise without ordinary consideration when reasonable, foreseeable reliance makes enforcement necessary to avoid injustice?