Question 1

State law other than the UETA always determines the effect of an error on an agreement between contracting parties.

Accepted Answer

A) True 
 B)False  False

Question 2

Business Properties,Inc.(BPI),offers to sell a warehouse to Corporate Investments.Corporate says that it will pay BPI $100 to hold the offer open for three business days.This

Accepted Answer

A) creates an illegal contract by adding a clause to BPI's offer. 
B) makes the offer irrevocable for three days if BPI accepts. 
C) negates BPI's offer by changing the price term. 
D) voids BPI's offer by extending the time term. 
A) creates an illegal contract by adding a clause to BPI's offer. 
B) makes the offer irrevocable for three days if BPI accepts. 
C) negates BPI's offer by changing the price term. 
D) voids BPI's offer by extending the time term. B

Question 3

Bret enters into a contract with Collegiate University over the Internet to take an online course titled "Internet Law." This is an e-contract because

Accepted Answer

A) the contract was entered into over the Internet. 
B) the contract was formed between a student and a university. 
C) the contract will be performed online. 
D) the subject matter of the contract is "Internet Law." 
A) the contract was entered into over the Internet. 
B) the contract was formed between a student and a university. 
C) the contract will be performed online. 
D) the subject matter of the contract is "Internet Law." A

Question 4

An offer must be practical to be effective.

Accepted Answer

A) True 
 B)False

Question 5

A record does not require a signature to have legal effect under the UETA.

Accepted Answer

A) True 
 B)False

Question 6

Deb buys a song through eSongs,an online music vendor.Before completing the purchase and downloading the song,Deb must agree to a provision not to sell copies of the song.This provision is

Accepted Answer

A) a browse-wrap term. 
B) a click-on agreement. 
C) a shrink-wrap agreement. 
D) none of the choices. 
A) a browse-wrap term. 
B) a click-on agreement. 
C) a shrink-wrap agreement. 
D) none of the choices.

Question 7

No offer can be accepted by silence.

Accepted Answer

A) True 
 B)False

Question 8

The UETA does not create rules for e-transactions.

Accepted Answer

A) True 
 B)False

Question 9

An offer must be communicated to the offeree to be effective.

Accepted Answer

A) True 
 B)False

Question 10

Most advertisements-"this property for sale"-are offers.

Accepted Answer

A) True 
 B)False

Question 11

An agreement is evidenced by a single event: an acceptance.

Accepted Answer

A) True 
 B)False

Question 12

An auction-"we ask you to bid on this item"-is an offer.

Accepted Answer

A) True 
 B)False

Question 13

The UETA does not require that an agreement to conduct a transaction electronically be made electronically.

Accepted Answer

A) True 
 B)False

Question 14

An effective offer requires reasonably certain terms.

Accepted Answer

A) True 
 B)False

Question 15

On behalf of Bay Oyster Company,Celia types her name at the bottom of an e-mail purchase order and submits the order to Deepwater Parts Company.Under the UETA,qualifying Celia's name as her "signature" is

Accepted Answer

A) attribution. 
B) cybernotarization. 
C) acceptance. 
D) agreement. 
A) attribution. 
B) cybernotarization. 
C) acceptance. 
D) agreement.

Question 16

Jaime and Kip,consumers,transact a deal over the Internet.Their contract does not mention the UETA.The UETA covers

Accepted Answer

A) none of the contract. 
B) only the part of the contract that involves computer data. 
C) only the part of the contract that does not involve computer data. 
D) the entire contract. 
A) none of the contract. 
B) only the part of the contract that involves computer data. 
C) only the part of the contract that does not involve computer data. 
D) the entire contract.

Question 17

Under the mailbox rule,no acceptance is valid until it is received.

Accepted Answer

A) True 
 B)False

Question 18

Jelly Jar Company includes in its online offers a provision that indicates any disputes arising under the contract must be resolved in Kansas.Lena,a resident of Maine,accepts Jelly Jar's offer.If a dispute arises,a court will most likely rule that it must be resolved in

Accepted Answer

A) Kansas. 
B) Kansas or Maine. 
C) Maine. 
D) the location selected by the first party to file a suit. 
A) Kansas. 
B) Kansas or Maine. 
C) Maine. 
D) the location selected by the first party to file a suit.

Question 19

Lovett County Bank offers to lend money to Kino,the owner of Java Stop,at 15 percent interest.Before Kino accepts,a state statute is enacted prohibiting loans at rates greater than 12 percent.Kino and the bank have

Accepted Answer

A) have a contract for a loan at 15 percent interest. 
B) have a contract for a loan at 12 percent interest. 
C) have a contract for a loan at 0 percent interest. 
D) no contract for a loan. 
A) have a contract for a loan at 15 percent interest. 
B) have a contract for a loan at 12 percent interest. 
C) have a contract for a loan at 0 percent interest. 
D) no contract for a loan.

Question 20

Beyond-the-Sea Corporation and Homeport Company make a deal for Homeport's products,via e-records.Under the UETA,an e-record is considered sent when it

Accepted Answer

A) is signed and encrypted,and will be sent without changes. 
B) is stored in the sender's back-up system. 
C) is composed on the sender's computer. 
D) leaves the sender's control. 
A) is signed and encrypted,and will be sent without changes. 
B) is stored in the sender's back-up system. 
C) is composed on the sender's computer. 
D) leaves the sender's control.

Exam 8: Agreement in Traditional and E-Contracts

State law other than the UETA always determines the effect of an error on an agreement between contracting parties.

Business Properties,Inc.(BPI),offers to sell a warehouse to Corporate Investments.Corporate says that it will pay BPI $100 to hold the offer open for three business days.This

Bret enters into a contract with Collegiate University over the Internet to take an online course titled "Internet Law." This is an e-contract because

An offer must be practical to be effective.

A record does not require a signature to have legal effect under the UETA.

Deb buys a song through eSongs,an online music vendor.Before completing the purchase and downloading the song,Deb must agree to a provision not to sell copies of the song.This provision is

No offer can be accepted by silence.

The UETA does not create rules for e-transactions.

An offer must be communicated to the offeree to be effective.

Most advertisements-"this property for sale"-are offers.

An agreement is evidenced by a single event: an acceptance.

An auction-"we ask you to bid on this item"-is an offer.

The UETA does not require that an agreement to conduct a transaction electronically be made electronically.

An effective offer requires reasonably certain terms.

On behalf of Bay Oyster Company,Celia types her name at the bottom of an e-mail purchase order and submits the order to Deepwater Parts Company.Under the UETA,qualifying Celia's name as her "signature" is

Jaime and Kip,consumers,transact a deal over the Internet.Their contract does not mention the UETA.The UETA covers

Under the mailbox rule,no acceptance is valid until it is received.

Jelly Jar Company includes in its online offers a provision that indicates any disputes arising under the contract must be resolved in Kansas.Lena,a resident of Maine,accepts Jelly Jar's offer.If a dispute arises,a court will most likely rule that it must be resolved in

Lovett County Bank offers to lend money to Kino,the owner of Java Stop,at 15 percent interest.Before Kino accepts,a state statute is enacted prohibiting loans at rates greater than 12 percent.Kino and the bank have

Beyond-the-Sea Corporation and Homeport Company make a deal for Homeport's products,via e-records.Under the UETA,an e-record is considered sent when it

The Legal and Constitutional Environment of Business

Traditional and Online Dispute Resolution

Ethics and Business Decision Making

Torts and Cyber Torts

Intellectual Property and Internet Law

Criminal Law and Cyber Crime

Nature and Classification

Consideration,capacity,and Legality

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach and Remedies

The Formation of Sales and Lease Contracts

Performance Breach of Sales Lease Contracts

Warranties and Product Liability

Negotiability,transferability,and Liability

Checks and Banking in the Digital Age

Security Interests in Personal Property

Creditors Rights and Bankruptcy

Mortgages Foreclosures After the Recession

Agency Relationships

Management Perspective: Independent-Contractor Negligence

Employment, immigration, and Labor Law

Sole Proprietorships, partnerships, Limited Liability Co

Corporate Formation, financing, and Termination

Corporate Directors, officers, Shareholders

Investor Protection, insider Trading, Corp Gov

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Insurance, wills, and Trusts

Liability of Accountants Other Professionals

International Law in a Global Economy

Adapting the Law to the Online Environment: The Supreme Court Upholds a Law That Prohibits Pandering Virtual Child Pornography

Adapting the Law to the Online Environment: Should the Law Continue to Allow Business Process Patents

Management Perspective: E-Mailed Credit-Card Receipts

Case Study With Dissenting Opinion: Prestridge V Bank of Jena

Adapting the Law to the Online Environment: The Thorny Issue of Taxing Internet Sales

Adapting the Law to the Online Environment: The Debt That Never Goes Awayits Discharged in Bankruptcy but Still on the Debtors Credit Report

Adapting the Law to the Online Environment: Economic Recession Fuels the Amazon Tax Debate

Case Study With Dissenting Opinion: Kovarik V Kovarik

Unit Case Study With Dissenting Opinion: Dole Food Co V Patrickson

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