WGU D216 BUSINESS LAW FOR
ACCOUNTANTS FINAL EXAM SCRIPT 2026
FULL QUESTIONS AND CORRECT
RESPONSES
◉ Builder Inc. and Concrete Supply Company enter into a contract
for a sale of cement. Concrete delivers, but Builder does not pay.
Concrete can recover as damages
A) any profit lost minus any loss avoided.
B) whatever amount Concrete wishes to claim.
C) the purchase price plus incidental damages.
D) the market price at the place at which Concrete delivered the
goods plus incidental damages.
Answer: D) the market price at the place at which Concrete
delivered the goods plus incidental damages.
◉ Keisha contracts to buy appliances from Crazy Carlos Appliances.
Keisha agrees to pay half within 5 days of the order and the
remainder upon delivery. Keisha fails to pay the first 50%. Carlos
can:
,A) obtain specific performance.
B) claim the difference between market price and purchase price.
C) recover as damages the full purchase price plus incidental
damages.
D) withhold delivery.
Answer: D) withhold delivery.
◉ Fiesta LLC contracts to buy 1,000 balloons from Gas Bags Inc. for
$1 per item. When the market price decreases to 50 cents per
balloon, Fiesta refuses to go through with the deal. Gas Bags can
recover
A) $1,000.
B) $0.
C) $500.
D) $1,500.
Answer: C) $500.
◉ Brew Pub's debt to Credit Service is past due. Credit obtains a
judgment against Brew, but the firm refuses to pay. Credit asks the
court to order the seizure of Brew's property. This is a request for
A) a mechanic's lien.
, B) a writ of attachment.
C) a writ of execution.
D) an artisan's lien.
Answer: C) a writ of execution.
◉ Bach borrows funds from City Bank to pay his tuition. Dvorak co-
signs the credit application. After the loan agreement is signed, Bach
agrees to a higher rate of interest without telling Dvorak, who is
thereby
A) liable at the lower rate of interest.
B) discharged from the agreement.
C) liable for the principal only.
D) liable at the higher rate of interest.
Answer: B) discharged from the agreement.
◉ Petro Refinery asks Quality Bank for a loan to increase its
inventory. Quality requires Roma, Petro's president, to sign a
personal guaranty to pay the debt if Petro defaults. The guaranty is
required to be in writing because
A) the debtor has a right of redemption.
B) the co-signer has a right of contribution.
ACCOUNTANTS FINAL EXAM SCRIPT 2026
FULL QUESTIONS AND CORRECT
RESPONSES
◉ Builder Inc. and Concrete Supply Company enter into a contract
for a sale of cement. Concrete delivers, but Builder does not pay.
Concrete can recover as damages
A) any profit lost minus any loss avoided.
B) whatever amount Concrete wishes to claim.
C) the purchase price plus incidental damages.
D) the market price at the place at which Concrete delivered the
goods plus incidental damages.
Answer: D) the market price at the place at which Concrete
delivered the goods plus incidental damages.
◉ Keisha contracts to buy appliances from Crazy Carlos Appliances.
Keisha agrees to pay half within 5 days of the order and the
remainder upon delivery. Keisha fails to pay the first 50%. Carlos
can:
,A) obtain specific performance.
B) claim the difference between market price and purchase price.
C) recover as damages the full purchase price plus incidental
damages.
D) withhold delivery.
Answer: D) withhold delivery.
◉ Fiesta LLC contracts to buy 1,000 balloons from Gas Bags Inc. for
$1 per item. When the market price decreases to 50 cents per
balloon, Fiesta refuses to go through with the deal. Gas Bags can
recover
A) $1,000.
B) $0.
C) $500.
D) $1,500.
Answer: C) $500.
◉ Brew Pub's debt to Credit Service is past due. Credit obtains a
judgment against Brew, but the firm refuses to pay. Credit asks the
court to order the seizure of Brew's property. This is a request for
A) a mechanic's lien.
, B) a writ of attachment.
C) a writ of execution.
D) an artisan's lien.
Answer: C) a writ of execution.
◉ Bach borrows funds from City Bank to pay his tuition. Dvorak co-
signs the credit application. After the loan agreement is signed, Bach
agrees to a higher rate of interest without telling Dvorak, who is
thereby
A) liable at the lower rate of interest.
B) discharged from the agreement.
C) liable for the principal only.
D) liable at the higher rate of interest.
Answer: B) discharged from the agreement.
◉ Petro Refinery asks Quality Bank for a loan to increase its
inventory. Quality requires Roma, Petro's president, to sign a
personal guaranty to pay the debt if Petro defaults. The guaranty is
required to be in writing because
A) the debtor has a right of redemption.
B) the co-signer has a right of contribution.
