CONTRACT LAW EXAM AND PRACTICE EXAM

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CONTRACT LAW EXAM AND PRACTICE EXAM

QUESTIONS 2025 NEWEST ACTUAL EXAM

COMPLETE EXAM QUESTIONS WITH DETAILED

VERIFIED ANSWERS (100% CORRECT ANSWERS)

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If a man sells a car, valued at $10,000, to a woman at a

written contract price of $40. This contract is most likely:

• Valid and enforceable
• Invalid due to a lack of adequate consideration
• Valid only if she accepts the car
• Invalid due to the Statute of Uses - Answer-A

Which of the following contracts must be in writing?

• The sale of corn, valued at $400.
• The sale of a plane ticket
• The sale of land
• The building of a house, to be completed in 11 months -

Answer-C

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If two parties agree to sell a car for $10,000 but the attorney drafting the contract accidentally writes "$1,000," what is likely to happen

• The parties are stuck with the mistaken price
• A court can reform the contract
• The contract is valid since it negatively affects only one

part

• There is no contract since the parties never had a

"meeting of the minds" - Answer-B

• If a contractor offers to build a porch on another's house

for $1,000. The homeowner replies "That sounds like a good deal but I think $900 sounds more fair." The contractor declines to take $900. The homeowner then remarks "Ok, $1,000 is fine." The contractor then says "Y'know, I'd rather not build your porch for $1,000." What is the result?A) There is a valid contract for $1,0000

• There is a quasi contract for $1,000
• There is no contract
• The parties have an agreement to agree on building the

porch, but a court must determine the value of the contract

• Answer-C
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