Question 1

An electronic party should always ensure that a copy of the contract is available on a hyperlink that will display the actual language of the agreement.

Accepted Answer

A) True 
 B)False

Question 2

McDougal Construction and Espinosa entered a contract to build the latter a two-story house. However, after the company began its construction, Espinosa decided that she wanted a terrace garden, making the house a three-story. McDougal indicated the additional costs to Espinosa and completed the job including the terrace garden - neither of which was in writing or included in the original contract. Espinosa paid McDougal the original amount but did not pay the extra amount for the third story. Discuss if the court will admit an oral testimony of the McDougal's to the original contract.

Accepted Answer

Oral evidence may be used to prove that

Question 3

The standard construction rule is the most fundamental guideline involved in the interpretation of written contracts.

Accepted Answer

A) True 
 B)False

Question 4

The person to whom a cosigner makes a promise is the obligee.

Accepted Answer

A) True 
 B)False

Question 5

Vega appoints Ancel, a real estate broker, to negotiate the sale of her home. The ________________ rule requires that this agreement be in writing and signed to be enforceable.

Accepted Answer

A)  Parol evidence 
B)  Best evidence 
C)  Standard construction 
D)  Equal dignities 
A)  Parol evidence 
B)  Best evidence 
C)  Standard construction 
D)  Equal dignities

Question 6

_________ contracts for the sale of goods of $500 or more are ________________ if the contract _________________________.

Accepted Answer

A)  Oral, enforceable, involves specially manufactured goods that cannot be resold easily 
B)  Oral, not enforceable, is an executed agreement 
C)  Written, not enforceable, involves admissions in court 
D)  Electronic, not enforceable, is a written memorandum 
A)  Oral, enforceable, involves specially manufactured goods that cannot be resold easily 
B)  Oral, not enforceable, is an executed agreement 
C)  Written, not enforceable, involves admissions in court 
D)  Electronic, not enforceable, is a written memorandum

Question 7

Sean gives an oral promise to Oscar to sell his old house. Oscar, relying on Sean's promise, puts on a new roof and paints it. Oscar cannot enforce this oral contract.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following contains all the elements of a written agreement that can be enforceable under law?

Accepted Answer

A)  "Henry Shay agrees to purchase hand-knit sweaters for $45 apiece. Signed, Henry Shay." 
B)  "Silvie Nader and Henry Shay are parties involved in this contract for the purchase of hand-knit sweaters on Wednesday, June 17. Signed, Henry Shay and Silvie Nader." 
C)  "Silvie agrees to mail six hand-knit sweaters, at $45 apiece, to the house on Wednesday, June 17. Signed, Silvie Nader." 
D)  "Full Agreement by Henry Shay and Silvie Nader. Henry agrees to purchase from Silvie six of Silvie's hand-knit sweaters at $45 each. Signed, Silvie Nader, and Henry Shay." 
A)  "Henry Shay agrees to purchase hand-knit sweaters for $45 apiece. Signed, Henry Shay." 
B)  "Silvie Nader and Henry Shay are parties involved in this contract for the purchase of hand-knit sweaters on Wednesday, June 17. Signed, Henry Shay and Silvie Nader." 
C)  "Silvie agrees to mail six hand-knit sweaters, at $45 apiece, to the house on Wednesday, June 17. Signed, Silvie Nader." 
D)  "Full Agreement by Henry Shay and Silvie Nader. Henry agrees to purchase from Silvie six of Silvie's hand-knit sweaters at $45 each. Signed, Silvie Nader, and Henry Shay."

Question 9

In 2012, Alder Inc. (seller) and Dell, Inc. (buyer) signed a long-term sales contract that provided for cashier's check payments to be made by Dell on the first of each month. In 2015, Dell began using a wire transfer payment method, and now Alder asserts that Dell is in breach of contract. Which of the following is true?

Accepted Answer

A)  Dell cannot introduce oral evidence in court since it violates the parol evidence rule. 
B)  Dell can introduce evidence of the payment under the exception to the parol evidence rule. 
C)  Dell violated the best evidence rule, hence cannot produce evidence in court. 
D)  Dell can exclude parol evidence because wire transfers and cashier's checks are identical. 
A)  Dell cannot introduce oral evidence in court since it violates the parol evidence rule. 
B)  Dell can introduce evidence of the payment under the exception to the parol evidence rule. 
C)  Dell violated the best evidence rule, hence cannot produce evidence in court. 
D)  Dell can exclude parol evidence because wire transfers and cashier's checks are identical.

Exam 11: Written Contracts and Cyber-Commerce

An electronic party should always ensure that a copy of the contract is available on a hyperlink that will display the actual language of the agreement.

The standard construction rule is the most fundamental guideline involved in the interpretation of written contracts.

The person to whom a cosigner makes a promise is the obligee.

Vega appoints Ancel, a real estate broker, to negotiate the sale of her home. The ________________ rule requires that this agreement be in writing and signed to be enforceable.

_________ contracts for the sale of goods of $500 or more are ________________ if the contract _________________________.

Sean gives an oral promise to Oscar to sell his old house. Oscar, relying on Sean's promise, puts on a new roof and paints it. Oscar cannot enforce this oral contract.

Which of the following contains all the elements of a written agreement that can be enforceable under law?

Ethics, Social Responsibility, and the Law

Sources of the Law

The Judicial Process and Cyber-Procedure

Alternate Dispute Resolution

Criminal Law and Cybercrimes

Tort Law and Cybertorts

The Essentials of Contract Law

Offer, Acceptance, and Mutual Assent

Consideration and Cyber-Payments

Capacity and Legality: The Final Elements

Third Parties, Discharge, and Remedies

Sales Contracts: Formation, Title, and Risk of Loss

Sales Contracts Rights, Duties, Breach, and Warranties

Product Liability and Consumer Protection

The Nature of Negotiable Instruments

Holders in Due Course Defenses and Liabilities

Bank-Depositor Relationships and Cyber-Banking

Insurance

Mortgages and Security Interests

Bankruptcy and Debt Adjustment

Agency Law

Employment Law

Labor Law

Sole Proprietorships and Partnerships

The Corporate Entity

Corporate Governance

Government Regulation of Corporate Business

Personal Property and Bailments

Real Property and Landlord and Tenant Law

Wills, Trusts, and Advanced Directives

Professional Liability

The Intersection of Law and Science

International Law

Filters

_ contracts for the sale of goods of $500 or more are if the contract _________________.