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Exam (elaborations)

ETH 321T week 4 Test | Questions and Answers | 2025 Update | 100% Correct.

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ETH 321T week 4 Test | Questions and Answers | 2025 Update | 100% Correct.











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Uploaded on
June 22, 2025
Number of pages
18
Written in
2024/2025
Type
Exam (elaborations)
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n Callie wants to work for an insurance firm. Before she is hired, the firm wants her to sign a non-compete agreem
work for any other insurance firm in the state or any surrounding state for the next ten years. Which of the follo
true?


O This agreement is legal and enforceable.
O 7his agreement is llegal and punishable under usury laws.
(2 1his agreement is probably too excessive to be enforceable.
O This agreement is legal as long as Callie can find a job at least one year after she quits.

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2/2 (100.0%)

The details of how severe this contract is may be subject to different opinions, but such a large g
and such a long duration suggests an excessive non-compete agreement that s likely unenforcea

Found in the following section(s) of the text:
6.5: Legality and Capacity


(B Sictzon = merchant, makes an unconsclonably unaiedealwith another merchant, Cherl. Cher wants o pursue
discovers her disadvantage in the contract. What recourse does Cheri have under UCC?
O Cheri may rewrite the contract. to which Stetzon must comply.
(8 cheri may have a court alter the contract.
O As a merchant, Cheri has no recourse.
O cheri may wholly void the contract.


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2/2 (100.0%)

A court can limit or expand the contract to render it fair.

Found in the following section(s) of the text:
61 Sales Contracts

,
, u What are punitive damages?

O Damages awarded to covera foreseeable loss
(8 Damages awarded to punish gross breaches of contract
O Damages awarded when non-breaching party sues a breaching party
O Damages awarded to return a non-breaching party to its former position

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n What are compensatory damages?

) Damages awarded to covera foreseeable loss
) Damages awarded when non-breaching party sues a breaching party
(8 Damages awarded to return a non-breaching party to its former position
) Damages awarded to punish gross breaches of contract


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u Claire and Donny want to use a contract to enforce a business deal. Which of the following would most solidly e
their agreement?
O An informal, implied contract
O An informal, express contract
(& Aformal, express contract
O A formal, implied contract

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