BLAW 3201 Chapter 9 Mindtap Exam
Questions and Answers 100% Solved |
Graded A+
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. - ✔✔B
If both parties exchange promises, the contract is:
a. bilateral.
b. void.
c. implied.
d. executed. - ✔✔A
What is a requirement of an express contract?
a. It is written and signed.
b. It is based on the conduct of the parties.
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, c. The terms are stated in words.
d. It consists of a promise in exchange for an act. - ✔✔C
Any property other than an interest in real property, is/are:
a. tangible property.
b. intangible property.
c. goods.
d. personal property. - ✔✔D
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
When might a contract might be unenforceable?
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.
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Questions and Answers 100% Solved |
Graded A+
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. - ✔✔B
If both parties exchange promises, the contract is:
a. bilateral.
b. void.
c. implied.
d. executed. - ✔✔A
What is a requirement of an express contract?
a. It is written and signed.
b. It is based on the conduct of the parties.
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, c. The terms are stated in words.
d. It consists of a promise in exchange for an act. - ✔✔C
Any property other than an interest in real property, is/are:
a. tangible property.
b. intangible property.
c. goods.
d. personal property. - ✔✔D
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
When might a contract might be unenforceable?
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.
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
