ETH/321T: Ethical And Legal Topics In Business Correctly Answered Questions| UpToDate | Already Graded A+

Hannah has a contract dispute with Ralph over a sale of goods. Hannah wants to submit the contracts she has made with her other customers as evidence of her fair dealings. Which of the following is true? : Hannah cannot use other contracts to explain the terms of her contract with Ralph unless they show a consistent industry or trade practice that is also consistent with Ralph's contract. For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties. Tyson gets his employees to sign an employment agreement which has extra contract obligations hidden in small, almost invisible type. : Guilty - Fraud in the execution Which of the following would not qualify as valid consideration? : Spencer and Linda sign a contract where Linda buys all her lumber from Spencer and Spencer sells as much lumber to Linda each week as he wants. Based on the details of the scenario, determine what will most likely occur. 2 | P a g e Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell beaver pelts in the U.S. : Contract is voided For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties. Lucy agrees over the phone with Daryl to sell him "the pretty necklace in the window" in Lucy's pawn shop. Lucy sends Daryl the wrong necklace from a different window. : Not Guilty Based on the details of the scenario, determine what will most likely occur. Stewie, aged 16, has a contract with his guardian to do chores as payment for his food and housing. Stewie decides the contract is unfair and stops doing his chores. : Contract is valid What is the most likely status of the contract for the scenario? 3 | P a g e Laura, a 17-year-old, signs a contract with her neighbor to buy a car through monthly payments. Laura loses her job the next week and can no longer make the payments. Laura's contract with her neighbor is most likely: : Voidable Based on the details of the scenario, determine what will most likely occur. Melinda has a contract to pay 13% interest on a personal loan for 5 years. She decides the rate is unfair and files a complaint in court. : Contract will be modified Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank. When a breach of contract results in no tangible harm to a non-breaching party, it can receive __________ damages from the breaching party. : Nominal Match the status/existence of a contract with the scenario. Larry posts on the internet that he is offering in-home interior design consultations and that interested customers should schedule an appointment and pay a consultation fee on his website. Brenda sends in a letter with a payment and a scheduled time for Larry to go to her house for a consultation. Which of the following is most likely true? 4 | P a g e : Contract not created Demonstrate your knowledge of the different types of remedy for