BUL 3320 BUSINESS LAW - TEST ONE
- CAROL VANCE USF QUESTIONS
AND ANSWERS
CAN-SPAM Act - Correct Answers -restricts unsolicited emails
Requires spammers to label sexually oriented e-mail as such. Need warning for sexual
content.
Part Performance - Correct Answers -equitable remedy that if an oral contract (or a
contract that is not in writing) is partially completed then that is enforced by court to then
be fully completed to avoid injustice
Grandma asks you to live in her beach house and fix her roof in order for her to sell it to
you for 100,000. You agree and move into the beach house and fix the roof. After
grandma comes to see the property and says she's very happy with the new roof and
she wants to move back into the home rather then selling it. You take grandma to court
and they enforce grandma to complete the contract and sell the property to you. What is
this an example of? - Correct Answers -Part Performance
Course of Dealing - Correct Answers -a consistent pattern of behavior between parties
in a business relationship
If a dealership consistently includes two free oil changes as part of its car sale
transaction, and both the dealership and customers expect this practice. What is this
referred to as - Correct Answers -Course of Dealing
Option Contract - Correct Answers -when the offeror asks the offeree to hold the
contract open for a fixed amount of time in exchange for a deposit usually in the form of
a consideration.
Used for getting financing or to do due diligence
On FB marketplace you find a car you like for $5,000. You and the Seller agree that you
will put a deposit of $1,000 for the exclusive option to buy the car within the next 30
days. What is this an example of ? - Correct Answers -Option Contract
, UCC Contract Modification - Correct Answers -no consideration required
**BUT common law does require consideration**
Universal commercial code UCC - Correct Answers -A model act passed in 1949 that
includes comprehensive laws that covers most aspects of commercial transactions.
Consideration - Correct Answers -something of value exchanged for something else of
value
ex: I will do your tax returns for $500
my consideration: completing your tax return
your consideration: paying $500
Ethical Fundamentalism - Correct Answers -individuals look to a central authority or set
of rules to guide them in ethical decision making
Ex: If you are religious and the bible states, 'an eye for an eye' you will follow this
principle since this is what the bible says is correct.
Utilitarianism - Correct Answers -A person must choose the action or follow the rule
that provides the greatest good to society
Uniform Computer Information Transactions Act(UCITA) - Correct Answers -A model
state law that creates contract law for the licensing of information technology rights.
Governs creation, performance, and enforcement of computer information transactions
E-License - Correct Answers -A contract whereby the owner of software or a digital
application grants limited rights to the owner of a computer or digital device to use the
software or digital application for a limited period and under specified conditions
Electronic Communications Privacy Act (ECPA) - Correct Answers -Act that makes it
unlawful to intercept messages in transmission, access stored information on electronic
communication services, or disclose this information.
ex: helping one person get 30,000 over 5 people getting 25,000. This ideal suggests
that the 30,000 is more than 25,000 so that is what you should do.
Kantian Ethics - Correct Answers -A person owes moral duties based on universal rules
ex: Treat others the way you'd like to be treated.
Rawls's Social Justice Theory - Correct Answers -A person has a social contract with all
others in society to obey moral rules that are necessary for people to live in peace and
harmony.
ex: this is considered impossible in the real world.
Ethical Relativism - Correct Answers -A person must decide what is ethical based on his
other own feelings as to what is right or wrong. (more situational)
- CAROL VANCE USF QUESTIONS
AND ANSWERS
CAN-SPAM Act - Correct Answers -restricts unsolicited emails
Requires spammers to label sexually oriented e-mail as such. Need warning for sexual
content.
Part Performance - Correct Answers -equitable remedy that if an oral contract (or a
contract that is not in writing) is partially completed then that is enforced by court to then
be fully completed to avoid injustice
Grandma asks you to live in her beach house and fix her roof in order for her to sell it to
you for 100,000. You agree and move into the beach house and fix the roof. After
grandma comes to see the property and says she's very happy with the new roof and
she wants to move back into the home rather then selling it. You take grandma to court
and they enforce grandma to complete the contract and sell the property to you. What is
this an example of? - Correct Answers -Part Performance
Course of Dealing - Correct Answers -a consistent pattern of behavior between parties
in a business relationship
If a dealership consistently includes two free oil changes as part of its car sale
transaction, and both the dealership and customers expect this practice. What is this
referred to as - Correct Answers -Course of Dealing
Option Contract - Correct Answers -when the offeror asks the offeree to hold the
contract open for a fixed amount of time in exchange for a deposit usually in the form of
a consideration.
Used for getting financing or to do due diligence
On FB marketplace you find a car you like for $5,000. You and the Seller agree that you
will put a deposit of $1,000 for the exclusive option to buy the car within the next 30
days. What is this an example of ? - Correct Answers -Option Contract
, UCC Contract Modification - Correct Answers -no consideration required
**BUT common law does require consideration**
Universal commercial code UCC - Correct Answers -A model act passed in 1949 that
includes comprehensive laws that covers most aspects of commercial transactions.
Consideration - Correct Answers -something of value exchanged for something else of
value
ex: I will do your tax returns for $500
my consideration: completing your tax return
your consideration: paying $500
Ethical Fundamentalism - Correct Answers -individuals look to a central authority or set
of rules to guide them in ethical decision making
Ex: If you are religious and the bible states, 'an eye for an eye' you will follow this
principle since this is what the bible says is correct.
Utilitarianism - Correct Answers -A person must choose the action or follow the rule
that provides the greatest good to society
Uniform Computer Information Transactions Act(UCITA) - Correct Answers -A model
state law that creates contract law for the licensing of information technology rights.
Governs creation, performance, and enforcement of computer information transactions
E-License - Correct Answers -A contract whereby the owner of software or a digital
application grants limited rights to the owner of a computer or digital device to use the
software or digital application for a limited period and under specified conditions
Electronic Communications Privacy Act (ECPA) - Correct Answers -Act that makes it
unlawful to intercept messages in transmission, access stored information on electronic
communication services, or disclose this information.
ex: helping one person get 30,000 over 5 people getting 25,000. This ideal suggests
that the 30,000 is more than 25,000 so that is what you should do.
Kantian Ethics - Correct Answers -A person owes moral duties based on universal rules
ex: Treat others the way you'd like to be treated.
Rawls's Social Justice Theory - Correct Answers -A person has a social contract with all
others in society to obey moral rules that are necessary for people to live in peace and
harmony.
ex: this is considered impossible in the real world.
Ethical Relativism - Correct Answers -A person must decide what is ethical based on his
other own feelings as to what is right or wrong. (more situational)
