Law 3220 Exam 3 2026 Exam
Questions and Correct
Answers | New Update
16-year-old Green bought a car that he later wanted to return for a full
refund. If the dealer refuses a court is likely to hold that - ANSWER
✔✔as a minor Green can disaffirm the contract and be given a refund,
less the value of the benefits received from the use of the car
A hires B to work for his logging operation, which is dangerous work. A
has B sign a contract that says that B will not sue A in the event of
injuries that happen on the job. This contract, which is probably illegal is
- ANSWER ✔✔An exculpatory agreement
, A court award of $1.00 in damages would be called - ANSWER
✔✔Nominal
A California winery shipped its Rotgut Red wine to the House of Wines.
The wine was improperly bottled, causing the wine to blow its corks and
spew wine all over Wines' carpeting. In Wines' suit against the winery,
the damages to the carpet will be considered - ANSWER
✔✔Consequential Damages
A buyer and seller have been doing business for months without a
formal contract. Every Monday, the seller delivers supplies to the buyer's
business. Every Thursday, the buyer pays the invoice by mail. Is there a
contract between the parties? - ANSWER ✔✔Under the UCC, a
contract has been formed by the conduct of the parties
Balls, Inc. sells all baseballs needed by Major League Baseball (MLB).
MLB agrees that prices and quantities will be determined at the
beginning of each year. After 4 years, MLB decides its needs fewer balls
and demands it be allowed to buy less. Balls demands MLB buy as
much as in years before. If MLB sues under the UCC it will likely -
ANSWER ✔✔win if the contract modification is sought in good faith
When both parties to an agreement are mistaken as to a material fact,
the contract - ANSWER ✔✔May be voidable
Questions and Correct
Answers | New Update
16-year-old Green bought a car that he later wanted to return for a full
refund. If the dealer refuses a court is likely to hold that - ANSWER
✔✔as a minor Green can disaffirm the contract and be given a refund,
less the value of the benefits received from the use of the car
A hires B to work for his logging operation, which is dangerous work. A
has B sign a contract that says that B will not sue A in the event of
injuries that happen on the job. This contract, which is probably illegal is
- ANSWER ✔✔An exculpatory agreement
, A court award of $1.00 in damages would be called - ANSWER
✔✔Nominal
A California winery shipped its Rotgut Red wine to the House of Wines.
The wine was improperly bottled, causing the wine to blow its corks and
spew wine all over Wines' carpeting. In Wines' suit against the winery,
the damages to the carpet will be considered - ANSWER
✔✔Consequential Damages
A buyer and seller have been doing business for months without a
formal contract. Every Monday, the seller delivers supplies to the buyer's
business. Every Thursday, the buyer pays the invoice by mail. Is there a
contract between the parties? - ANSWER ✔✔Under the UCC, a
contract has been formed by the conduct of the parties
Balls, Inc. sells all baseballs needed by Major League Baseball (MLB).
MLB agrees that prices and quantities will be determined at the
beginning of each year. After 4 years, MLB decides its needs fewer balls
and demands it be allowed to buy less. Balls demands MLB buy as
much as in years before. If MLB sues under the UCC it will likely -
ANSWER ✔✔win if the contract modification is sought in good faith
When both parties to an agreement are mistaken as to a material fact,
the contract - ANSWER ✔✔May be voidable
