Cpa Law Exam 1 - Caruso Study Guide / 92 Correct Questions & Answers

to make a third party donee beneficiary, the creation of a gift of the contracted performance to the third party must be the promisee's primary purpose in contracting {Ans: true}given an acceptance which employs an authorized means of communication {Ans: acceptance is not effective until dispatch}a contract entered into involuntarily is still enforceable if reduced to writing {Ans: false}contracts that are required to be in writing by the statute of frauds are {Ans: contracts transferring an interest in land}the main thing courts look for in deciding whether the parties entered into a contract is a "meeting of the minds" between parties {Ans: true}the modern trend is for courts to tolerate more open and missing terms in offers {Ans: true}a third person becomes a donee beneficiary if the promisee's primary purpose in contracting was to make a gift of the contracted performance to the third party {Ans: true}when a promisee agrees not to do something he or she has legal right to do in exchange for the promisor's promise, it constitutes legal value {Ans: true}as a general rule, assignments that do not involved personal relationships or increase the promisor's burden are enforceable