Question

Matt promises to pay Ted $100 in exchange for Ted's promise to paint Matt's house. This is an example of a(n): illusory promise. bilateral contract unilateral contract. invitation to bargain. assignment

Answer 1

1. It's a unilateral contract. Matt has promised $100 but Ted has not given acceptance as of now.

2. Point e.

All common-law contracts must have a valid consideration. A contract can't be formed without a valid consideration which is mutual agreement/bargain of both parties.

3. Strict liability

Under strict liability, it does not matter the amount of care someone took. The plaintiff just has to prove that tortfeasor's actions caused injury/loss.

4. Point a.

The first test of negligence is that the defendant owed a duty of care and they breached it.

5. Real property includes land and assets associated with land that is immovable.

Answer = Mineral rights.