MGMT 311 EXAM 3 2025 | COMPLETE QUESTIONS AND CORRECT
ANSWERS | GRADED A+ | VERIFIED ANSWERS | LATEST VERSION
Alonzo graduates with a 3.8 GPA in Accounting from a New York university and receives offers
of employment from three of the Big Four accounting firms. While considering his options, a
mid-sized firm in California calls and offers him twice the starting salary of his top offer. The
only caveat is he needs to show up at the Los Angeles office within the next week to start work
immediately. Alonzo excitedly decides to take the California job. He refuses the other
employment offers, breaks his lease in New York, sells or gives away most of his possessions,
buys a new car, and heads for L.A. the next day. When he arrives at the Los Angeles office three
days later, the firm apologizes and informs Alonzo that the position is no longer available due to
the loss of a major client. - (CORRECT ANSWER)Yes, on the theory of promissory estoppel.
Les agrees to install a new hard drive and software on Marilee's computer in exchange for four of
her used textbooks. After he installs the hard drive, Les says he won't install the software unless
Marilee gives him two more books. What legal position are the parties in now? - (CORRECT
ANSWER)Marilee can sue for breach of contract, because Les had a preexisting duty to do all of
the work.
Asa has a contract with Phil to personally provide fortune-telling services at Phil's daughter's
birthday party. Phil's daughter decides she does not want to have a fortune teller at her birthday
party, so Phil tries to assign the right to Asa's services to his neighbor, Steve. Steve: -
(CORRECT ANSWER)cannot enforce the contract with Asa, because rights to receive personal
services cannot be assigned.
Mary owns a trucking company that hauls goods all over the country. Wilson contracts with
Marcy's company to transport ten tractor-trailer loads of goods from Ohio to Texas. Marcy has
reason to believe the goods are stolen, but never asks Wilson about it. The court would likely
determine the contract: - (CORRECT ANSWER)is unenforceable, because the goods were
stolen and Marcy's company cannot collect its fee.
Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling
her boat and believes that Julius can't afford her boat anyway. Rachel says, "I'd sell my boat to
you for $400." To Rachel's surprise, Julius responds "Ok, it's a deal." Rachel does not want to
sell the boat to Julius for any price. Julius and Rachel have: - (CORRECT ANSWER)formed a
valid contract, because Rachel's outward expressions showed the formation of a contract.
1
, Ryan sends Michael a letter of intent for the purchase of a tract of land. The letter of intent
outlines the purchase price, the legal description, and the financing terms. A paragraph is
included that states that the letter of intent is a non-binding agreement and that it is an offer to
enter into negotiations. - (CORRECT ANSWER)The letter of intent is an invitation to negotiate,
which is not an offer.
Jackson offers to pay Casey $50 for his used business law textbook. Casey agrees to sell it for
that amount. They agree to meet one week later to exchange the money for the book. Casey and
Jackson have formed: - (CORRECT ANSWER)a bilateral contract.
Melissa is a minor who agrees to purchase a particular car from Umberto for $10,000 one month
after she turns eighteen years of age. On turning eighteen, Melissa writes to Umberto stating that
she still agrees to purchase the car. Melissa's contract with Umberto is: - (CORRECT
ANSWER)enforceable, because it has been expressly ratified by Melissa
Samantha, a famous artist, has a contract with Alec to paint his portrait for $6,000. Samantha is
very busy and wants to delegate her duty to paint the portrait to Patty, her top student and a very
talented artist. If Alec objects, a court likely will: - (CORRECT ANSWER)not honor the
delegation, because the contract is based on personal skill.
Diana tells Crystal, "I think I'll sell that camping gear I bought for hiking the Pacific Trail for
$250. I'm never going to make that trip." This constitutes: - (CORRECT ANSWER)a statement
of future intent.
Arthur is arrested for the crime of murder. Arthur denies that he committed the crime and is
planning a vigorous defense. The state will be required to show evidence to prove its case: -
(CORRECT ANSWER)beyond a reasonable doubt.
Henry is distressed after losing his job. He visits a local tavern and has seven drinks. While
driving home at a high rate of speed, Henry collides with Irene's car, killing her. Henry has likely
committed: - (CORRECT ANSWER)involuntary manslaughter.
2
ANSWERS | GRADED A+ | VERIFIED ANSWERS | LATEST VERSION
Alonzo graduates with a 3.8 GPA in Accounting from a New York university and receives offers
of employment from three of the Big Four accounting firms. While considering his options, a
mid-sized firm in California calls and offers him twice the starting salary of his top offer. The
only caveat is he needs to show up at the Los Angeles office within the next week to start work
immediately. Alonzo excitedly decides to take the California job. He refuses the other
employment offers, breaks his lease in New York, sells or gives away most of his possessions,
buys a new car, and heads for L.A. the next day. When he arrives at the Los Angeles office three
days later, the firm apologizes and informs Alonzo that the position is no longer available due to
the loss of a major client. - (CORRECT ANSWER)Yes, on the theory of promissory estoppel.
Les agrees to install a new hard drive and software on Marilee's computer in exchange for four of
her used textbooks. After he installs the hard drive, Les says he won't install the software unless
Marilee gives him two more books. What legal position are the parties in now? - (CORRECT
ANSWER)Marilee can sue for breach of contract, because Les had a preexisting duty to do all of
the work.
Asa has a contract with Phil to personally provide fortune-telling services at Phil's daughter's
birthday party. Phil's daughter decides she does not want to have a fortune teller at her birthday
party, so Phil tries to assign the right to Asa's services to his neighbor, Steve. Steve: -
(CORRECT ANSWER)cannot enforce the contract with Asa, because rights to receive personal
services cannot be assigned.
Mary owns a trucking company that hauls goods all over the country. Wilson contracts with
Marcy's company to transport ten tractor-trailer loads of goods from Ohio to Texas. Marcy has
reason to believe the goods are stolen, but never asks Wilson about it. The court would likely
determine the contract: - (CORRECT ANSWER)is unenforceable, because the goods were
stolen and Marcy's company cannot collect its fee.
Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling
her boat and believes that Julius can't afford her boat anyway. Rachel says, "I'd sell my boat to
you for $400." To Rachel's surprise, Julius responds "Ok, it's a deal." Rachel does not want to
sell the boat to Julius for any price. Julius and Rachel have: - (CORRECT ANSWER)formed a
valid contract, because Rachel's outward expressions showed the formation of a contract.
1
, Ryan sends Michael a letter of intent for the purchase of a tract of land. The letter of intent
outlines the purchase price, the legal description, and the financing terms. A paragraph is
included that states that the letter of intent is a non-binding agreement and that it is an offer to
enter into negotiations. - (CORRECT ANSWER)The letter of intent is an invitation to negotiate,
which is not an offer.
Jackson offers to pay Casey $50 for his used business law textbook. Casey agrees to sell it for
that amount. They agree to meet one week later to exchange the money for the book. Casey and
Jackson have formed: - (CORRECT ANSWER)a bilateral contract.
Melissa is a minor who agrees to purchase a particular car from Umberto for $10,000 one month
after she turns eighteen years of age. On turning eighteen, Melissa writes to Umberto stating that
she still agrees to purchase the car. Melissa's contract with Umberto is: - (CORRECT
ANSWER)enforceable, because it has been expressly ratified by Melissa
Samantha, a famous artist, has a contract with Alec to paint his portrait for $6,000. Samantha is
very busy and wants to delegate her duty to paint the portrait to Patty, her top student and a very
talented artist. If Alec objects, a court likely will: - (CORRECT ANSWER)not honor the
delegation, because the contract is based on personal skill.
Diana tells Crystal, "I think I'll sell that camping gear I bought for hiking the Pacific Trail for
$250. I'm never going to make that trip." This constitutes: - (CORRECT ANSWER)a statement
of future intent.
Arthur is arrested for the crime of murder. Arthur denies that he committed the crime and is
planning a vigorous defense. The state will be required to show evidence to prove its case: -
(CORRECT ANSWER)beyond a reasonable doubt.
Henry is distressed after losing his job. He visits a local tavern and has seven drinks. While
driving home at a high rate of speed, Henry collides with Irene's car, killing her. Henry has likely
committed: - (CORRECT ANSWER)involuntary manslaughter.
2
