BUSI 2001 FINAL EXAM WEEK 6 WITH ANSWERS

BUSI 2001 FINAL EXAM WEEK 6 WITH ANSWERS 1 Week 6: Negotiable Instruments and Government Regulation - Final Exam Help Time Remaining: 1. Except as provided by statute, oral contracts are just as enforceable as written contracts. (Points: 5) True False 2. Full performance is the most common method by which contracts are discharged. (Points: 5) True False 3. One of the elements necessary to establish fraud is a false statement or concealment of a material fact. (Points: 5) True False 4. The UCC requires all parties entering a sales contract to perform their obligations in good faith. (Points: 5) True False 5. The term goods includes intangible personal property such as shares of stock. (Points: 5) True False 6. A check is an instrument that is payable on demand. (Points: 5)