Chat with AIExam 10: Contracts and Sales: Introduction and Formation
Exam 1: Introduction to Law113 Questions
Exam 2: Business Ethics and Social Responsibility122 Questions
Exam 3: The Court System and Dispute Resolution126 Questions
Exam 4: Business and the Constitution120 Questions
Exam 5: Administrative Law124 Questions
Exam 6: International Law116 Questions
Exam 7: Business Crime123 Questions
Exam 8: Business Torts125 Questions
Exam 9: Environmental Regulation and Sustainability115 Questions
Exam 10: Contracts and Sales: Introduction and Formation125 Questions
Exam 11: Contracts and Sales: Performance, Remedies, and Rights125 Questions
Exam 12: Business Marketing and Products: Ads and Product Safety42 Questions
Exam 13: Business Competition: Antitrust Law123 Questions
Exam 14: Business and Intellectual Property Law98 Questions
Exam 15: Agency Law107 Questions
Exam 16: Governance and Structure: the Law of Business Associations125 Questions
Exam 17: Governance and Regulation: Securities Law124 Questions
Exam 18: Business and Employees: Employment Regulation85 Questions
Exam 19: Business and Employees: Employment Discrimination124 Questions
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John Freeden is negotiating with Bill Murray to buy Bill's mountain bicycle. The following conversation has taken place: John: "I will buy your mountain bike for $325.00."
Bill: "I couldn't sell it for less than $375.00."
John: "I'll take it for $375.00."
Which of the following statements is true?
(Multiple Choice)
4.8/5 
(30)
(30) Compare and contrast a bilateral contract with a unilateral contract.
(Essay)
4.8/5 (41)
(41) The actions of an "officious meddler" usually result in the formation of a quasi-contract.
(True/False)
4.8/5 (31)
(31) On Monday, Sam's Computer Company wires Bob's Computer Mart, "I have two IBM XT's for sale for $1700 each. You pay cost of shipping." Bob received the offer on Monday afternoon and wired back, "You have a deal. 30 days same as cash." On Tuesday morning Sam called to revoke the offer. On Tuesday afternoon Sam received the wire. Sam says there is no contract and Bob says there is. Who is correct?
(Essay)
4.9/5 (40)
(40) The parties' previous course of dealing will have little impact as courts interpret their contract.
(True/False)
4.9/5 (36)
(36) A contract for rebinding 500 books at a cost of $1.50/book is governed by the UCC.
(True/False)
4.9/5 (31)
(31) What factors are considered when determining if a contract is regulated by common law or by the UCC?
(Essay)
4.8/5 (37)
(37) UETA does not apply when there is an applicable statute of frauds.
(True/False)
4.8/5 (31)
(31) Review the following language exchanged in e-mails:
John: "I will buy your Apple phone for $200."
Amanda: "I can sell it, but I don't have the box."
John: "I will still take it without the box."
Amanda: "Okay."
Answer the following questions based on the exchange.
Amanda made a conditional acceptance when she responded the first time.
(True/False)
4.9/5 (40)
(40) The Fair Credit and Charge Card Disclosure Act prohibits issuing credit cards without the consumer's consent.
(True/False)
4.9/5 (31)
(31) 
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