CBK legal - All correct

Asked by bizgrad
Dated: 15th May'17 08:24 PM
Bounty offered: $25.00

1. Question : Which of the following is false?

 

Student Answer: As a general rule, most contracts should be in writing even when they fall outside the Statute of Frauds.

Businesspersons frequently make oral contracts over the telephone particularly with parties they have done business with in the past.

Any time an oral contract is made, it is advisable for one of the parties to send a written communication to the other party.

A fax or e-mail does not constitute a written communication memorializing an oral contract.

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 2. Question : Which of these is a contract of an exchange of mutual promises to perform?

 

Student Answer: Unilateral contract

 

Bicameral contract

 

Bilateral contract

 

Uniform contract

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 3. Question : If the harmed person does not attempt to mitigate his damages, recovery is limited to:

 

Student Answer: damages for direct loss.

 

nominal damages.

 

damages for consequential loss.

 

exemplary damages.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 4. Question : Which of the statements is true?

 

Student Answer: A storeowner has a duty to exercise reasonable care to protect customers.

A storeowner has a duty to warn customers against all risks in his/her store.

A storeowner need not warn a customer not to pull heavy items off high shelves.

All of the above.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 5. Question : Damages in excess of any actual loss are:

 

Student Answer: punitive damages.

 

compensatory damages.

 

restitution.

 

nominal damages.

 

 

 

Points Received: 0 of 5

Comments:

 

 

 

Question 6. Question : A binding promise to keep an offer open for a period of time is called a(n):

 

Student Answer: time contract.

 

binding contract.

 

breach contract.

 

option contract.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 7. Question : Which of these are actually contracts?

 

Student Answer: Unilateral contracts

 

Bilateral contracts

 

Quasi contracts

 

Both A and B

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 8. Question : Ralph Travelor, a U.S. businessperson, owns a gold mine in Brazil. The government of Brazil seizes the mine and asserts that his previous profits are just compensation.

 

Student Answer: Under the act of state doctrine, Ralph may have little or no protection against the loss of his property.

Ralph will be protected under the act of state doctrine.

 

Brazil will not be protected under the doctrine of sovereign immunity.

None of the above.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 9. Question : Ralph comes onto Garzon's property to help Tim who has fallen and struck his head. Ralph may:

 

Student Answer: have committed trespass.

 

have a defense to trespass.

 

have committed wrongful interference.

 

none of the above.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 10. Question : Failing to perform a contract at the time due is an example of:

 

Student Answer: anticipatory repudiation.

 

injunctive repudiation.

 

breach of contract.

 

post-event breach.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 11. Question : The basis for the law system in the U.S. today has its origins in:

 

Student Answer: Greek statutory positivism.

 

Roman natural law.

 

French Napoleonic law.

 

English common law.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 12. Question : If no termination date is specified for an offer, the offer will remain open:

 

Student Answer: for one year.

 

for six months.

 

for a reasonable time.

 

until someone accepts the offer.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 13. Question : Which of the following is true?

 

Student Answer: Self-defense is a defense to tort liability.

 

Self-defense is a defense to criminal liability.

 

Deadly force is a defense to tort liability.

 

Deadly force is a defense to criminal liability.

 

 

 

Points Received: 0 of 5

Comments:

 

 

 

Question 14. Question : Smalltown is a small municipality within the state of Florida. Smalltown derives its lawful authority from:

 

Student Answer: the U.S. Constitution.

 

its charter.

 

the state of Florida.

 

all of the above.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 15. Question : A sales contract must be evidenced by a writing if the value is more than:

 

Student Answer: $100.

 

$300.

 

$500.

 

$1,000.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 16. Question : Steve says to Sarah, "If you mow my lawn each week, I will pay you $300 a month." Sarah mows the lawn each week for a month. A court would most likely:

 

Student Answer: uphold the unilateral contract and order Steve to pay $300.00.

 

find Sarah in breach of the contract.

 

conclude that no contract exists.

 

none of the above.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 17. Question : The period of irrevocability in a firm offer cannot exceed:

 

Student Answer: 1 month.

 

3 months.

 

12 months.

 

6 months.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 18. Question : The Uniform Commercial Code concerns:

 

Student Answer: new goods only.

 

used goods only.

 

both new and used goods.

 

none of the above.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 19. Question : A contract involving both services and goods is covered by the UCC if:

 

Student Answer: the services are to be performed upon the goods.

 

the services cannot be performed unless the goods are supplied.

 

no charge is made for the services.

 

the sale of goods is the dominant aspect of the transaction.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

Question 20. Question : Amanda goes to a photo shop with a picture she would like to have enlarged. She can't decide that day whether or not she wants to use the shop to do the work. She returns the next day and leaves the picture to be framed for an estimated cost of $20.00.

 

Student Answer: Amanda has established an implied in fact contract.

 

Amanda has established an express contract.

 

Amanda has no contract.

 

None of the above.

 

 

 

Points Received: 5 of 5

Comments:

 

 

 

CBK legal - All correct
Answered by bizgrad
Expert Rating: 2123 Ratings
Dated: 15th May'17 08:24 PM
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