BUL4310 MIDTERM TEST REVIEW
(CH. 1-11) QUESTIONS & ANSWERS
RATED 100% CORRECT!!
1 of 45
Term
Cathy has a contract to purchase a baseball card for a thousand
dollars. She signs the contract and leaves a hundred dollar deposit. The
dealer gets a call from Carla offering $1,500. The dealer calls
Cath and says the deal is off, which is correct?
Give this one a try later!
, The dealer can keep the deposit Cathy is awarded the card in a
since cathy did not complete the lawsuit demanding specific
purchase. performance.
Cathy loses the right to the Cathy must pay the dealer
card because the dealer an additional fee to enforce
received a better offer. the contract.
Don't know?
2 of 45
Term
States have the power to regulate all of the following except:
A. Health.
B.Morals.
C. Commerce.
D.Safety.
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Unilateral. C. Commerce.
C. Rules A subpoena.
Don't know?
3 of 45
, Term
Flow R Now (Now) contracts to deliver 1000 boxes of long stemmed
roses to Flow R Shop (Shop) on February 9, 2012. The roses are to be
20-inch stem. Each box has 20 roses and each box costs $20.
On Feb. 8, Now ships 800 boxes of roses with 20-inch stems,
and 200 boxes of roses with 12-inch stems.
Shop can do which of the following:
Give this one a try later!
Enforceable. Anticipatory repudiation.
The exhaustion doctrine. All of the above.
Don't know?
4 of 45
Term
Economic crisis Honduras nationalized the fruit industry and moved
it under govern control. Publix has a contract with the new
nationalized company, Honduras fruit ltd. The new company failed to
deliver a shipment and Publix sues the government of Honduras for
damages in a Florida court. Which is true?
A. The court refuses to hear the case under doctrine of sovereign.
B.Acting as a commercial entity.
C. The court will only hear the case if Honduras consents.
, D.The court does not have jurisdiction because the act of
faith doctrine.
Give this one a try later!
Admissible as a public safety exception to the reading of his Miranda rights.
Shop can file a breach of contract lawsuit on June 22.
D. Valid because NBC could have taken reasonable measures to prevent the
broadcast of the words.
A or D.
A. The court refuses to hear the case under doctrine of sovereign.
D. The court does not have jurisdiction because of the act of faith doctrine.
Don't know?
5 of 45
Term
John contacts Jim who is the president of ABC, Jim gives John
information about financial results that will be reported next week.
John buys stock in ABC corporation. Insider trading which has a
possible penalty of 2-24 months in prison. Sentenced to 6 months in
prison, which of the following is correct?
Give this one a try later!
(CH. 1-11) QUESTIONS & ANSWERS
RATED 100% CORRECT!!
1 of 45
Term
Cathy has a contract to purchase a baseball card for a thousand
dollars. She signs the contract and leaves a hundred dollar deposit. The
dealer gets a call from Carla offering $1,500. The dealer calls
Cath and says the deal is off, which is correct?
Give this one a try later!
, The dealer can keep the deposit Cathy is awarded the card in a
since cathy did not complete the lawsuit demanding specific
purchase. performance.
Cathy loses the right to the Cathy must pay the dealer
card because the dealer an additional fee to enforce
received a better offer. the contract.
Don't know?
2 of 45
Term
States have the power to regulate all of the following except:
A. Health.
B.Morals.
C. Commerce.
D.Safety.
Give this one a try later!
Unilateral. C. Commerce.
C. Rules A subpoena.
Don't know?
3 of 45
, Term
Flow R Now (Now) contracts to deliver 1000 boxes of long stemmed
roses to Flow R Shop (Shop) on February 9, 2012. The roses are to be
20-inch stem. Each box has 20 roses and each box costs $20.
On Feb. 8, Now ships 800 boxes of roses with 20-inch stems,
and 200 boxes of roses with 12-inch stems.
Shop can do which of the following:
Give this one a try later!
Enforceable. Anticipatory repudiation.
The exhaustion doctrine. All of the above.
Don't know?
4 of 45
Term
Economic crisis Honduras nationalized the fruit industry and moved
it under govern control. Publix has a contract with the new
nationalized company, Honduras fruit ltd. The new company failed to
deliver a shipment and Publix sues the government of Honduras for
damages in a Florida court. Which is true?
A. The court refuses to hear the case under doctrine of sovereign.
B.Acting as a commercial entity.
C. The court will only hear the case if Honduras consents.
, D.The court does not have jurisdiction because the act of
faith doctrine.
Give this one a try later!
Admissible as a public safety exception to the reading of his Miranda rights.
Shop can file a breach of contract lawsuit on June 22.
D. Valid because NBC could have taken reasonable measures to prevent the
broadcast of the words.
A or D.
A. The court refuses to hear the case under doctrine of sovereign.
D. The court does not have jurisdiction because of the act of faith doctrine.
Don't know?
5 of 45
Term
John contacts Jim who is the president of ABC, Jim gives John
information about financial results that will be reported next week.
John buys stock in ABC corporation. Insider trading which has a
possible penalty of 2-24 months in prison. Sentenced to 6 months in
prison, which of the following is correct?
Give this one a try later!
