CBK legal- may 2017 - All correct

Asked by bizgrad
Dated: 15th May'17 08:01 PM
Bounty offered: $25.00

Question 1 (1 point)

Question 1 unsaved

A portable trailer is an example of:

Question 1 options:

 

personal property.

 

real property.

 

subsurface property right.

 

none of the above.

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Question 2 (1 point)

Question 2 unsaved

Which of these is a contract of an exchange of mutual promises to perform?

Question 2 options:

 

Unilateral contract

 

Bicameral contract

 

Uniform contract

 

Bilateral contract

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Question 3 (1 point)

Question 3 unsaved

A duty to pay the reasonable value rendered when there is no actual contract would be called:

Question 3 options:

 

quasi-enforceable.

 

valid.

 

semilawful.

 

quasi-contractual.

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Question 4 (1 point)

Question 4 unsaved

Billy has an online business selling wine. One of his disgruntled customers sets up a website using his company name and adds the word "thief" to it. Billy will most likely:

Question 4 options:

 

both B and C.

 

prevail in court.

 

not prevail in court.

 

could defend his company by buying the offensive Internet domain.

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Question 5 (1 point)

Question 5 unsaved

When a party states that performance will not be made before the actual due date, this is:

Question 5 options:

 

injunction.

 

waiver of breach.

 

anticipatory repudiation.

 

negotiating technique.

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Question 6 (1 point)

Question 6 unsaved

A Specific Letter of credit is useful in international transactions because:

Question 6 options:

 

sellers want to avoid delivering goods for which they may not be paid.

 

buyers and sellers are often separated by thousands of miles.

 

all of the above.

 

special precautions are taken to ensure performance under the contacts.

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Question 7 (1 point)

Question 7 unsaved

An acceptance occurs when:

Question 7 options:

 

a particular mode of expression is made to the offeror.

 

a clear expression of acceptance occurs.

 

a particular form of words is stated to the offeror.

 

the offeree reserves the right to reject the offer.

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Question 8 (1 point)

Question 8 unsaved

Damages in case of default that are specified in a contract are called:

Question 8 options:

 

nominal damages.

 

breach payments.

 

contract damages.

 

liquidated damages.

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Question 9 (1 point)

Question 9 unsaved

If an offeree dies before the offer has been accepted, the offer:

Question 9 options:

 

may be rejected by the surviving spouse of the offeree.

 

may be accepted by the guardian appointed for any minor children of the offeree.

 

is automatically revoked by the death of the offeree.

 

may be accepted by the surviving spouse of the offeree.

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Question 10 (1 point)

Question 10 unsaved

Adam speaks with Sally on the telephone about purchasing a soda machine for $200 and makes notes about the model number, the price, and the delivery date. Sally also makes notes. Adam agrees to take delivery. They have:

Question 10 options:

 

no contract until these terms are in writing.

 

none of the above.

 

an express contract.

 

an implied in fact contract.

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Question 11 (1 point)

Question 11 unsaved

An agreement to deliver water bottles to a customer's home that does not indicate the duration has an agreement that is:

Question 11 options:

 

a bulk transfer.

 

one delivery.

 

not a contract.

 

for a reasonable time.

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Question 12 (1 point)

Question 12 unsaved

Statutes of limitations apply, for the most part, to:

Question 12 options:

 

none of the above.

 

criminal wrongs only.

 

civil wrongs only.

 

both criminal and civil wrongs.

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Question 13 (1 point)

Question 13 unsaved

Which of these are actually contracts?

Question 13 options:

 

Both A and B

 

Unilateral contracts

 

Bilateral contracts

 

Quasi contracts

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Question 14 (1 point)

Question 14 unsaved

Article 2 of the Uniform Commercial Code pertains to which of the following?

Question 14 options:

 

U.S. Treasury bonds

 

Corporate stocks

 

Insurance policies

 

Goods

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Question 15 (1 point)

Question 15 unsaved

Smalltown is a small municipality within the state of Florida. Smalltown derives its lawful authority from:

Question 15 options:

 

its charter.

 

the state of Florida.

 

the U.S. Constitution.

 

all of the above.

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Question 16 (1 point)

Question 16 unsaved

Torts are specifically:

Question 16 options:

 

physical crimes against persons or property.

 

civil wrongs causing injuries to others not arising from breach of contract.

 

physical crimes against persons.

 

none of the above.

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Question 17 (1 point)

Question 17 unsaved

A voluntary agreement may in fact not be voluntary if:

Question 17 options:

 

economic duress is present.

 

all of the above.

 

physical duress is present.

 

undue influence is present.

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Question 18 (1 point)

Question 18 unsaved

When it is clear that the parties intended to enter into contract, but a term in the acceptance conflicts with a term in the offer, then:

Question 18 options:

 

there is a contract, but the conflicting terms cancel out.

 

there is a contract, and the conflicting term in the offer is part of the contract.

 

the acceptance is viewed entirely as a counteroffer.

 

there is no contract.

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Question 19 (1 point)

Question 19 unsaved

With torts and crimes:

Question 19 options:

 

a crime may also be a tort.

 

every tort is a crime.

 

every crime is a tort.

 

no crime is a tort.

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Question 20 (1 point)

Question 20 unsaved

All personal property existing at the time of the transaction but cannot be actually touched directly are:

Question 20 options:

 

Future goods.

 

Tangible personal property.

 

quasi-existing property.

 

intangible personal property.

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CBK legal- may 2017 - All correct
Answered by bizgrad
Expert Rating: 2370 Ratings
Dated: 15th May'17 08:01 PM
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Tutorial Rating: 1 Rating
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