Exam 54: Contracts and E-Contracts
Exam 1: Law and Legal Reasoning72 Questions
Exam 2: Courts and Alternative Dispute Resolution72 Questions
Exam 3: Court Procedures72 Questions
Exam 4: Business and the Constitution72 Questions
Exam 5: Business Ethics72 Questions
Exam 6: Tort Law72 Questions
Exam 7: Strict Liability and Product Liability72 Questions
Exam 8: Intellectual Property Rights72 Questions
Exam 9: Internet Law, Social Media, and Privacy72 Questions
Exam 10: Criminal Law and Cyber Crime72 Questions
Exam 11: Nature and Terminology72 Questions
Exam 12: Agreement in Traditional and E-Contracts72 Questions
Exam 13: Consideration72 Questions
Exam 14: Capacity and Legality72 Questions
Exam 15: Mistakes, Fraud, and Voluntary Consent72 Questions
Exam 16: The Writing Requirement in Our Digital World72 Questions
Exam 17: Third Party Rights71 Questions
Exam 18: Performance and Discharge72 Questions
Exam 19: Breach of Contract and Remedies72 Questions
Exam 20: The Formation of Sales and Lease Contracts72 Questions
Exam 21: Title, Risk, and Insurable Interest72 Questions
Exam 22: Performance and Breach of Sales and Lease Contracts72 Questions
Exam 23: Warranties72 Questions
Exam 24: International and Space Law72 Questions
Exam 25: Negotiable Instruments72 Questions
Exam 26: Transferability and Holder in Due Course72 Questions
Exam 27: Liability, Defenses, and Discharge72 Questions
Exam 28: Banking in the Digital Age72 Questions
Exam 29: Creditors Rights and Remedies72 Questions
Exam 30: Secured Transactions72 Questions
Exam 31: Bankruptcy Law72 Questions
Exam 32: Agency Formation and Duties72 Questions
Exam 33: Agency Liability and Termination72 Questions
Exam 34: Employment, Immigration, and Labor Law72 Questions
Exam 35: Employment Discrimination72 Questions
Exam 36: Small Businesses and Franchises72 Questions
Exam 37: All Forms of Partnerships72 Questions
Exam 38: Limited Liability Companies and Special Business Forms72 Questions
Exam 39: Corporate Formation and Financing72 Questions
Exam 41: Mergers and Takeovers72 Questions
Exam 42: Investor Protection, Insider Trading, and Corporate Governance69 Questions
Exam 43: Administrative Agencies72 Questions
Exam 44: Consumer Law72 Questions
Exam 45: Environmental Protection72 Questions
Exam 46: Antitrust Law72 Questions
Exam 47: Professional Liability and Accountability72 Questions
Exam 48: Personal Property and Bailments72 Questions
Exam 49: Real Property and Landlord-Tenant Law72 Questions
Exam 50: Insurance72 Questions
Exam 51: Wills and Trusts72 Questions
Exam 52: The Legal Environment of Business10 Questions
Exam 53: Torts and Crimes10 Questions
Exam 54: Contracts and E-Contracts12 Questions
Exam 55: Domestic and International Sales and Lease Contracts8 Questions
Exam 56: Negotiable Instruments8 Questions
Exam 57: Creditors Rights and Bankruptcy10 Questions
Exam 58: Agency and Employment12 Questions
Exam 59: Business Organizations14 Questions
Exam 60: Government Regulation12 Questions
Exam 61: Property and Its Protection8 Questions
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Fantasy sports leagues are exempt from a federal statute that prohibits unlawful Internet gambling if the outcomes reflect the knowledge and skill of the participants and the performance of the athletes in real sporting events. Daily fantasy sports games may not meet this definition because the effect on the result of a participant's skill is decreased, and the effect of luck is increased, by
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Nora contracts with Odell to sell land that, unknown to either party, has groundwater contaminated from adjacent land that was occupied several decades earlier by a paper pulp processing plant. When this is discovered, Nora asserts the doctrine of commercial impracticability. This doctrine applies only when, with respect to an event that renders performance impossible, at the time the contract was formed the parties
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Linda enters into a contract for a credit card sponsored by Max'dOut Inc. The sponsor provides the contract, which contains an arbitration clause. This clause requires that any dispute must be submitted to private arbitration and prohibits class-action litigation. Under new rules sought by the Consumer Financial Protection Bureau, such clauses would be
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SportsMaster operates a daily fantasy sports Web site. The state of Texas orders SportsMaster to stop accepting "bets" from Texas residents. In the best interest of its owners and its games' participants, SportsMaster may arguably have an ethical duty to
(Multiple Choice)
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Copa Mundo Fantasy Sports League involves soccer games in which the participants compile imaginary teams consisting of real athletes. These games would be considered gambling in a state that finds the outcome of a game is determined
(Multiple Choice)
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Beth enters into a contract for the services of Cable Connection Inc. The corporation provides the contract, which contains an arbitration clause. This clause requires that any dispute must be submitted to arbitration rather than being pursued through litigation. With respect to contracts with such clauses, federal courts have ruled all of the following except
(Multiple Choice)
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International Fantasy Sports League involves Olympic games in which the participants compile imaginary teams consisting of real athletes. The League offers free entry for its participants. In most states, these games would not be considered gambling because they lack the element of
(Multiple Choice)
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Mainstay, Inc., sponsors NowUCMe, a social-networking, video- and photo-sharing site. To use NowUCMe, Mainstay requires users to accept terms of service associated with the site. By clicking on "accept," users enter into a contract
(Multiple Choice)
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O'Malley contracts to deliver a crop of organic mandarin oranges to Pete's Natural Produce Mart. An unexpected freeze destroys the oranges in O'Malley's orchard. Pete's insists that O'Malley deliver by acquiring the oranges on the open market. O'Malley claims that this is prohibitively expensive. The best argument against enforcing the contract is
(Multiple Choice)
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Evermore Marketing LLC and Family Restaurants Inc. engage in an instant-messaging conversation while discussing an existing contract. Evermore suggests a modification-an increase in fees. Family asks about an increase in service. Evermore replies, "No limits!" Family responds, "Great!" As a modification of the parties' contract, this chat is most likely
(Multiple Choice)
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Robin and Simon exchange offers and counteroffers via e-mail. These exchanges can constitute a valid contract
(Multiple Choice)
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Pals & Allies, Inc., sponsors QuikFlik, a social-networking, video-sharing site. Pals & Allies changes the terms of service on its site with thirty days' notice to its users. Rochelle and other users continue to use the site but nevertheless file a suit against its owner for breach of contract. If the court rules against the plaintiffs, it will most likely be because
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