Exam 9: Introduction to Contracts
Exam 1: The Nature of Law90 Questions
Exam 2: The Resolution of Private Disputes90 Questions
Exam 3: Business and the Constitution90 Questions
Exam 4: Business Ethics, Corporate Social Responsibility, Corporate Governance, and Critical Thinking90 Questions
Exam 5: Criminal Law and Procedure90 Questions
Exam 6: Intentional Torts90 Questions
Exam 7: Negligence and Strict Liability90 Questions
Exam 8: Intellectual Property and Unfair Competition90 Questions
Exam 9: Introduction to Contracts90 Questions
Exam 10: The Agreement: Offer90 Questions
Exam 11: The Agreement: Acceptance90 Questions
Exam 12: Consideration90 Questions
Exam 13: Reality of Consent90 Questions
Exam 14: Capacity to Contract90 Questions
Exam 15: Illegality90 Questions
Exam 16: Writing90 Questions
Exam 17: Rights of Third Parties90 Questions
Exam 18: Performance and Remedies90 Questions
Exam 19: Formation and Terms of Sales Contracts90 Questions
Exam 20: Product Liability90 Questions
Exam 21: Performance of Sales Contracts90 Questions
Exam 22: Remedies for Breach of Sales Contracts90 Questions
Exam 23: Personal Property and Bailments90 Questions
Exam 24: Real Property90 Questions
Exam 25: Landlord and Tenant90 Questions
Exam 26: Estates and Trusts90 Questions
Exam 27: Insurance Law90 Questions
Exam 28: Introduction to Credit and Secured Transactions90 Questions
Exam 29: Security Interests in Personal Property90 Questions
Exam 30: Bankruptcy90 Questions
Exam 31: Negotiable Instruments90 Questions
Exam 32: Negotiation and Holder in Due Course90 Questions
Exam 33: Liability of Parties90 Questions
Exam 34: Checks and Electronic Transfers90 Questions
Exam 35: The Agency Relationship90 Questions
Exam 36: Third-Party Relations of the Principal and the Agent95 Questions
Exam 37: Introduction to Forms of Business and Formation of Partnerships90 Questions
Exam 38: Operation of Partnerships and Related Forms90 Questions
Exam 39: Partners Dissociation and Partnerships Dissolution and Winding up90 Questions
Exam 40: Limited Liability Companies, limited Partnerships, and Limited Liability Limited Partnerships90 Questions
Exam 41: History and Nature of Corporations90 Questions
Exam 42: Organization and Financial Structure of Corporations90 Questions
Exam 43: Management of Corporations90 Questions
Exam 45: Securities Regulation90 Questions
Exam 46: Legal and Professional Responsibilities of Auditors, Consultants, and Securities Professionals90 Questions
Exam 47: Administrative Law90 Questions
Exam 48: The Federal Trade Commission Act and Consumer Protection Laws90 Questions
Exam 49: Antitrust: the Sherman Act90 Questions
Exam 50: The Clayton Act, the Robinsonpatman Act, and Antitrust Exemptions and Immunities90 Questions
Exam 51: Employment Law90 Questions
Exam 52: Environmental Regulation90 Questions
Select questions type
Abby promises to pay Brian $50 if he mows her lawn.Brian does not promise to mow Abby's lawn;however,later that day,Brian completely and satisfactorily mowed Abby's lawn.This is an example of a unilateral contract.
(True/False)
4.7/5
(30)
Which of the following is a doctrine by which courts imply,as a matter of law,a promise to pay the reasonable value of goods or services when the party receiving such goods or services has knowingly done so under circumstances that make it unfair to retain them without paying for them?
(Multiple Choice)
4.9/5
(39)
Ann wants to download Adobe Acrobat software from the Internet.Prior to downloading,a standardized online contract appears on the screen that requires her to click on an icon indicating agreement,before she can proceed in the program.Such contracts are called:
(Multiple Choice)
4.8/5
(38)
Promissory estoppel protects reliance on a promise from one party to another.
(True/False)
5.0/5
(39)
The Uniform Commercial Code sufficiently addresses the concerns that parties have when contracts are made to create or distribute information.
(True/False)
4.8/5
(35)
Sometimes,Article 2 of the UCC holds merchants to standards different from the standards it applies to nonmerchants.
(True/False)
4.8/5
(45)
Standardized contracts present the dangers that the party who signs the contract:
(Multiple Choice)
4.9/5
(40)
The text discusses that the drafters of the Uniform Commercial Code had several purposes in mind.Which of the following was not one of those purposes?
(Multiple Choice)
4.9/5
(41)
Calvin tells Sara that he will sell her his car for $5,000.Sara agrees.The exchange is to take place in 10 days.The contract between Calvin and Sara is now:
(Multiple Choice)
4.7/5
(39)
In the case in the text,Trapani Construction Co.v.Elliot Group,Inc. ,the court held that:
(Multiple Choice)
4.8/5
(40)
Speaking generally,a quasi-contract applies where there has been foreseeable reliance on an express promise.
(True/False)
4.8/5
(40)
Which of the following terms refers to legal value that is bargained for and given in exchange for an act or promise?
(Multiple Choice)
4.9/5
(35)
The mutual agreement necessary to create an express contract must be evidenced by a writing.
(True/False)
4.9/5
(38)
A contract in which the parties have not yet fully performed their obligations is called a(n):
(Multiple Choice)
4.9/5
(38)
Jim purchased software on a CD-ROM disc to complete his taxes.The CD-ROM was bundled in a sealed package with a notice that stated that the consumer was agreeing to the terms of the proposed standardized license agreement when he broke the seal on the packaging.This is called a(n)________ contract.
(Multiple Choice)
4.8/5
(36)
Article 2 of the UCC never applies to mixed goods-services contracts.
(True/False)
4.9/5
(42)
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