Question

11. An enforceable contract always requires which one of the following: a, mutual consideration b, a warranty c) a written document d) a statute authorizing the contract e) a sale 12. Sandra sued her supervisor, and her employer (the Boeing Co.). claiming that she was sexually harassed on the job, by her supervisor, who was trying to get Sandra to give him sexual favors in return for a promotion If Sandra wins the case against the supervisor and Boeing, then the supervisor would have to pay her money damages. This is an example of a. a "criminal lawsuit b. a "civil lawsuit 13. The sporting-goods retailer REI, Inc. sells goods in San Francisco Although they use United Parcel Service to deliver goods in other cities, they also have a few delivery vans (driven by REl employees) to make deliveries in San Francisco. Rob works as a driver for REI. Last week, Rob was driving his REI delivery van up on Russian Hill when he hit a pedestrian crossing the street in a pedestrian crosswalk). If the pedestrian decides to sue for her medical care and other damages, who will be responsible, under the law? a. Rob will be liable for these damages. b. REI will be liable for these damages. c. Both Rob and REI will be liable for these damages d. Neither Rob nor REI will be liable for these damages e. The pedestrian's insurance company will be liable for these damages 14. In 1960 the Minnesota Supreme Court ruled in a case that a minor can declare contracts "void" at any time during his/her minority. In 2018, the courts in Minnesota still follow this ruling, this is an example of a Statutory law. b. the bystander rule. c. case precedent d. enabling legislation. e judicial activism 15. The UCC (Article 2) governs contracts for the sale of goods. True or False 16. Serena signed a contract to perform at a Berkeley night-club, for $5,000 If Serena and the night-club later have a dispute about this contract, the relevant law would be: a. The UCC (Article 2) b. The common-law of contracts c. The common-law of torts 17. A minor has entered into a signed, written agreement with an adult for the purchase of a car, for $5,000. The minor has paid the adult $1,000 as a partial payment, and has had the car for about one week. Now, the minor wants to cancel the contract. The adult refuses to cancel the contract, because he wants the full $5,000, and he no longer wants the car. The minor is able to walk to her high school, and to her part-time job, and does not need the car. If this goes to court, the judge should rule that the minor: a) is bound by the agreement, because it is written and signed. b) is bound by the agreement, because it is for more than $500 c) can declare the contract "void," but cannot get back her $1,000 partial payment. d) can declare the contract "void," and will be able to get back her $1,000 partial payment

Answer 1

A11.

Mutual Consideration

For any contract to be enforceable, it has to have some prerequisite elements. These prerequisites are the presence of an offer, acceptance, mutual consideration among others. Mutual consideration refers to the condition where two or more parties entering into a contract must be getting something out of the terms of the contract in exchange. For eg - If one party is selling goods, the other party pays for it. This exchange is known as mutual consideration where there is an exchange of valuable commodity between the parties entering into a contract.