Samuel Tate Enters into a Contract with Bill Smith Under

question 58

Multiple Choice

Samuel Tate enters into a contract with Bill Smith under the terms of which Smith is to pay Tate $7,000 and Tate is to build a garage, repair a boat, and build a doghouse. If the doghouse has not yet been built, which term describes the type of contract in existence?

• A) Quasi contract.
• B) Executed contract.
• C) Illusory contract.
• D) Executory contract.

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Definitions:

Normally-Open

A contact configuration in switches or relays that is open (non-conducting) when at rest, closing only when activated.

Contactor

An electrically controlled switch used for switching an electrical power circuit, commonly used in motor control applications.

Start Pushbutton

A button that, when pressed, initiates the operation of a machine or device, commonly found in motor control circuits to start motors.

Control Circuit

An electrical circuit designed to control the operation of devices in a system, often through the use of relays, switches, and timers.