BUL 5810 Final FSU Woodyard Exam Questions and Answers 100% Pass

BUL 5810 Final FSU Woodyard Exam Questions and Answers 100% Pass B - Which of the following contracts is covered by Article 2 of the Uniform Commercial Code? a. The sale of a building. b. The sale of new furniture. c. An agreement to have the sidewalk shoveled. d. A sale of stock in ABC, Inc. D - Any property other than an interest in real property, is/are: a. tangible property. b. intangible property. c. goods. d. personal property. C - Which of the following is NOT always necessary in order for a valid contract to be formed? a. Mutual assent 2COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED b. Legality of purpose c. A writing d. Consideration C - In order to have a valid contract, in addition to the four basic requirements of a contract, which of the following must also occur? a. The consideration that one party is giving the other must be of the same value as the consideration that is being received. b. There must be the sale of goods from one party to another. c. There must be an absence of invalidating conduct, such as duress. d. Both parties must already have performed (done what they promised to do). C - What is a requirement of an express contract? a. It is written and signed. b. It is based on the conduct of the parties. c. The terms are stated in words. d. It consists of a promise in exchange for an act A - If both parties exchange promises, the contract is: a. bilateral. b. void. c. implied. d. executed. C - When might a contract might be unenforceable? 3COPYRIGHT © 2025 BY BRITTIE DONALD, ALL RIGHTS RESERVED a. If the purpose of the contract was to commit a tort. b. If one party has not yet performed, but the other party has fully performed. c. If the statute of limitations has passed. d. If the parties could not reach an agreement. D - The doctrine of promissory estoppel: a. is a doctrine enforcing contractual promises. b. applies even if the promisor should not have expected the promisee to rely on the promise. c. applies even if the promisee does not rely on the promise. d. is a doctrine that relies on justice and not contractual right