Multiple choice

1. A contract is formed when

a. when an offer is made

b. when an offer is accepted 

c. when a mailed offer is accepted by depositing in the mail

d. all of the above

2. Pierre owns a fine French Restaurant. While at the Restaurant, Betsy, eats a cooked oyster Rockefeller this is an opened oyster that has been cleaned, and then over it are placed spinach, bacon bits and Romano cheese and then baked).. As she bites into the oyster, her teeth come into contact with a shiny white object, that turns out to be a pearl. Unfortunately, the pearl causes Betsy to beak her tooth. Betsy may 

a. sue Pierre for the adulterated food

b. keep the pearl because she found the pearl

c. sue the oyster chef who prepared the meal 

d.all of the above

3. Jim, a minor, goes to a hospital emergency room and receives care for a cold. The hospital sends him a bill. Jim 

a. Can disavow the bill

b. Must pay the bill

c. May disavow the bill if he told the nurses at the hospital that he was a minor.

D. None of the above

4. Alpha Assets Corporation and Beta Buys, Inc. contract for a sale of Alpha=s assets to Beta. The contract may NOT be enforceable if it was formed as a result of 

a. A mistake as to the value of the assets

b. Alpha=s intent to make a profit

c. Beta=s intent to make a profit

d. None of the above