LGS exam 3 practice questions with
100% correct answers
The Uniform Commercial Code governs which of the following types of contracts? - correct answer
✔✔Contracts for the sale of goods or sales contracts
Mary offers to sell John her plane ticket to Tahiti for $500. John says he has to think it over. Mary gives
him 3 days. On day two, she sells it to Bob without letting John know. John sues her for breach of
contract. Which of the following is true? - correct answer ✔✔John wins because Mary did not notify him
that she was revoking the offer
Jerry sends Carolyn an offer by express mail. Carolyn receives it at 10 am on Tuesday. At 11 am on
Tuesday, Carolyn drops the acceptance in the mail. Jerry does not receive the acceptance until
Wednesday at 8 am. At what time does the law consider the acceptance to be effective? - correct answer
✔✔At 11 a.m. on Tuesday
Which of the following would most likely be considered a valid offer?
a.
Would you like to buy this?
b.
I'd pay $50 for a glass of cold water;
c.
Special sale on Blue Ray DVD players today --$100 each;
d.
$75 reward for return of lost dog "Sparky" to Jane Adams, 350 Main St., Northport, AL;
e.
I'll pay you $50 to mow my yard tomorrow, if I feel like it. - correct answer ✔✔d-$75 reward for return of
lost dog "Sparky" to Jane Adams, 350 Main St., Northport, AL
100% correct answers
The Uniform Commercial Code governs which of the following types of contracts? - correct answer
✔✔Contracts for the sale of goods or sales contracts
Mary offers to sell John her plane ticket to Tahiti for $500. John says he has to think it over. Mary gives
him 3 days. On day two, she sells it to Bob without letting John know. John sues her for breach of
contract. Which of the following is true? - correct answer ✔✔John wins because Mary did not notify him
that she was revoking the offer
Jerry sends Carolyn an offer by express mail. Carolyn receives it at 10 am on Tuesday. At 11 am on
Tuesday, Carolyn drops the acceptance in the mail. Jerry does not receive the acceptance until
Wednesday at 8 am. At what time does the law consider the acceptance to be effective? - correct answer
✔✔At 11 a.m. on Tuesday
Which of the following would most likely be considered a valid offer?
a.
Would you like to buy this?
b.
I'd pay $50 for a glass of cold water;
c.
Special sale on Blue Ray DVD players today --$100 each;
d.
$75 reward for return of lost dog "Sparky" to Jane Adams, 350 Main St., Northport, AL;
e.
I'll pay you $50 to mow my yard tomorrow, if I feel like it. - correct answer ✔✔d-$75 reward for return of
lost dog "Sparky" to Jane Adams, 350 Main St., Northport, AL
