LA180 - Ch. 6 T/F

A contract is a single promise, made by one person to another, enforceable in court.

• True

• False

In Canada, the postbox rule has now been extended to apply to all methods of communication.

• True

• False

Traditional contract rules only apply to written contracts but not Internet transactions.

• True

• False

The promise to make a charitable donation is not enforceable because it is a one-sided promise, even if the charity makes a commitment in return-such as a promise to name a building after the donor, or to use the money in a certain way-it has made a commitment.

• True

• False

If a person agrees to sell someone a brand new Cadillac for $100, this becomes a valid, binding contract.

• True

• False

The existence of a seal eliminates the need for the elements of a valid contract.

• True

• False

An employer's promise to pay a bonus in recognition of good work already performed by the employee would be binding.

• True

• False

The requirement of consideration is satisfied if "some money" is promised in exchange for an act.

• True

• False

Canada's Uniform Electronic Commerce Act creates rights and obligations with respect to electronic commerce transactions within Canada.

• True

• False

The courts may enforce an unfair bargain.

• True

• False