Question 1

Normally, specific performance is not granted unless the

Accepted Answer

A)  party's legal remedy is inadequate. 
B)  contract was in writing. 
C)  contract was with a minor. 
D)  All of these choices are correct. 
A)  party's legal remedy is inadequate. 
B)  contract was in writing. 
C)  contract was with a minor. 
D)  All of these choices are correct.

Question 2

A(n) _________is an electronic sound, symbol, or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record.

Accepted Answer

A)  trademark 
B)  digital signature 
C)  e-signature 
D)  copyright 
A)  trademark 
B)  digital signature 
C)  e-signature 
D)  copyright

Question 3

Which of the following is another term for a click-on agreement?

Accepted Answer

A)  Click-on license 
B)  Click-through agreement 
C)  Click-wrap agreement 
D)  All of these choices are correct. 
A)  Click-on license 
B)  Click-through agreement 
C)  Click-wrap agreement 
D)  All of these choices are correct.

Question 4

Which of the following would not automatically terminate an offer?

Accepted Answer

A)  One of the parties dies. 
B)  The specific subject matter of the offer is destroyed. 
C)  A new law makes the contract illegal. 
D)  One of the parties changes his or her mind. 
A)  One of the parties dies. 
B)  The specific subject matter of the offer is destroyed. 
C)  A new law makes the contract illegal. 
D)  One of the parties changes his or her mind.

Question 5

______damages are caused by special circumstances beyond the contract itself.

Accepted Answer

A)  Incidental 
B)  Contractual 
C)  Punitive 
D)  Consequential 
A)  Incidental 
B)  Contractual 
C)  Punitive 
D)  Consequential

Question 6

Damages that compensate the nonbreaching party to a contract for the loss of the bargain are called______ damages.

Accepted Answer

A)  consequential 
B)  liquidated 
C)  punitive 
D)  compensatory 
A)  consequential 
B)  liquidated 
C)  punitive 
D)  compensatory

Question 7

The requirements for a valid contract are

Accepted Answer

A)  capacity, fraud, unconscionability, and legality. 
B)  acceptance, unconscionability, capacity, and legality. 
C)  agreement, consideration, impossibility, and fraud. 
D)  agreement, consideration, capacity, and legality. 
A)  capacity, fraud, unconscionability, and legality. 
B)  acceptance, unconscionability, capacity, and legality. 
C)  agreement, consideration, impossibility, and fraud. 
D)  agreement, consideration, capacity, and legality.

Question 8

Under the Statute of Frauds, which types of contracts are required to be in writing?

Accepted Answer

Under the Statute of Frauds, the followi

Question 9

Which of the following statements is true of liquidated damages?

Accepted Answer

A)  They must be reasonably related to the damages that may be suffered if the contract is not fulfilled. 
B)  They may not be designed to serve as a penalty to deter a party from breaching a contract. 
C)  They are a form of compensatory damages. 
D)  All of these choices are correct. 
A)  They must be reasonably related to the damages that may be suffered if the contract is not fulfilled. 
B)  They may not be designed to serve as a penalty to deter a party from breaching a contract. 
C)  They are a form of compensatory damages. 
D)  All of these choices are correct.

Question 10

A(n)_______ is a meeting of the minds, and a requirement for a valid contract, which involves two distinct events.

Accepted Answer

A)  acceptance 
B)  agreement 
C)  offer 
D)  breach 
A)  acceptance 
B)  agreement 
C)  offer 
D)  breach

Question 11

Which of the following elements is not required to assert the doctrine of promissory estoppel?

Accepted Answer

A)  There must be a clear and definite promise. 
B)  The promisee must justifiably rely on the promise. 
C)  Justice will be better served by enforcement of the promise. 
D)  None of these choices is correct. 
A)  There must be a clear and definite promise. 
B)  The promisee must justifiably rely on the promise. 
C)  Justice will be better served by enforcement of the promise. 
D)  None of these choices is correct.

Question 12

Most contracts are

Accepted Answer

A)  bilateral. 
B)  unilateral. 
C)  unenforceable in court. 
D)  legal only if signed by a judge. 
A)  bilateral. 
B)  unilateral. 
C)  unenforceable in court. 
D)  legal only if signed by a judge.

Question 13

In 2000, Congress enacted the_________ to provide that no contract, record, or signature may be "denied legal effect" solely because it is in an electronic form.

Accepted Answer

A)  E-signature Act 
B)  Electronic Signatures in Global and National Commerce Act 
C)  Global Internet Contract Act 
D)  Online Signatures in Commerce Act 
A)  E-signature Act 
B)  Electronic Signatures in Global and National Commerce Act 
C)  Global Internet Contract Act 
D)  Online Signatures in Commerce Act

Question 14

What is a warranty? List and define the warranties required by the UCC. Give examples of each type of warranty.

Accepted Answer

A warranty is an express or implied prom

Question 15

What are the four basic requirements for the formation of a valid contract?

Accepted Answer

The four basic requirements to form a va

Question 16

Which of the following is a warranty provided by the UCC?

Accepted Answer

A)  Warranty of title 
B)  Express warranty 
C)  Implied warranty of merchantability 
D)  Implied warranty of fitness for a particular purpose 
E)  All of these choices are correct. 
A)  Warranty of title 
B)  Express warranty 
C)  Implied warranty of merchantability 
D)  Implied warranty of fitness for a particular purpose 
E)  All of these choices are correct.

Question 17

Bill makes Cynthia an offer to buy her car. Cynthia can

Accepted Answer

A)  accept the offer. 
B)  reject the offer. 
C)  make a counteroffer. 
D)  accept the offer or reject the offer only. 
E)  accept the offer, reject the offer, or make a counteroffer. 
A)  accept the offer. 
B)  reject the offer. 
C)  make a counteroffer. 
D)  accept the offer or reject the offer only. 
E)  accept the offer, reject the offer, or make a counteroffer.

Question 18

For an offer to be effective, the offeror must

Accepted Answer

A)  have the intent to be bound by the offer. 
B)  be over the age of twenty-one. 
C)  be financially independent. 
D)  have the intent to be bound by the offer and be financially independent 
A)  have the intent to be bound by the offer. 
B)  be over the age of twenty-one. 
C)  be financially independent. 
D)  have the intent to be bound by the offer and be financially independent

Question 19

Which of the following mistakes allows a contract to be avoided?

Accepted Answer

A)  A mistake of fact 
B)  A mistake of quality 
C)  A mistake of value 
D)  None of these choices is correct. 
A)  A mistake of fact 
B)  A mistake of quality 
C)  A mistake of value 
D)  None of these choices is correct.

Question 20

The state statute that specifies what types of contracts must be in writing (or be evidenced by a written document) is commonly referred to as the

Accepted Answer

A)  Statute of Frauds. 
B)  Statute of Writing. 
C)  Statute of Contracts. 
D)  Statute of Forms. 
A)  Statute of Frauds. 
B)  Statute of Writing. 
C)  Statute of Contracts. 
D)  Statute of Forms.

Normally, specific performance is not granted unless the

A(n) _________is an electronic sound, symbol, or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record.

Which of the following is another term for a click-on agreement?

Which of the following would not automatically terminate an offer?

______damages are caused by special circumstances beyond the contract itself.

Damages that compensate the nonbreaching party to a contract for the loss of the bargain are called______ damages.

The requirements for a valid contract are

Under the Statute of Frauds, which types of contracts are required to be in writing?

Which of the following statements is true of liquidated damages?

A(n)_______ is a meeting of the minds, and a requirement for a valid contract, which involves two distinct events.

Which of the following elements is not required to assert the doctrine of promissory estoppel?

Most contracts are

In 2000, Congress enacted the_________ to provide that no contract, record, or signature may be "denied legal effect" solely because it is in an electronic form.

What is a warranty? List and define the warranties required by the UCC. Give examples of each type of warranty.

What are the four basic requirements for the formation of a valid contract?

Which of the following is a warranty provided by the UCC?

Bill makes Cynthia an offer to buy her car. Cynthia can

For an offer to be effective, the offeror must

Which of the following mistakes allows a contract to be avoided?

The state statute that specifies what types of contracts must be in writing (or be evidenced by a written document) is commonly referred to as the

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Exam 15: Contracts and Intellectual Property Law

Normally, specific performance is not granted unless the

A(n) _________is an electronic sound, symbol, or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record.

Which of the following is another term for a click-on agreement?

Which of the following would not automatically terminate an offer?

______damages are caused by special circumstances beyond the contract itself.

Damages that compensate the nonbreaching party to a contract for the loss of the bargain are called______ damages.

The requirements for a valid contract are

Under the Statute of Frauds, which types of contracts are required to be in writing?

Which of the following statements is true of liquidated damages?

A(n)_______ is a meeting of the minds, and a requirement for a valid contract, which involves two distinct events.

Which of the following elements is not required to assert the doctrine of promissory estoppel?

Most contracts are

In 2000, Congress enacted the_________ to provide that no contract, record, or signature may be "denied legal effect" solely because it is in an electronic form.

What is a warranty? List and define the warranties required by the UCC. Give examples of each type of warranty.

What are the four basic requirements for the formation of a valid contract?

Which of the following is a warranty provided by the UCC?

Bill makes Cynthia an offer to buy her car. Cynthia can

For an offer to be effective, the offeror must

Which of the following mistakes allows a contract to be avoided?

The state statute that specifies what types of contracts must be in writing (or be evidenced by a written document) is commonly referred to as the

Todays Professional Paralegal

Career Opportunities

The Inner Workings of the Law Office

Ethics and Professional Responsibility

Sources of American Law

The Court System and Alternative Dispute Resolution

Legal Research and Analysis

Online Legal Research

Legal Writing: Form and Substance

Civil Litigation: Before the Trial

Conducting Interviews and Investigations

Trial Procedures

Criminal Law and Procedures

Tort Law, Product Liability,

Real Property and Insurance Law

Family Law and Estates

Business Organizations and Employment Law

Bankruptcy and Environmental Law

Filters