BUL 3320 EXAM 2 PART 1 QUESTIONS
AND ANSWERS
a. effective - Correct Answers -Naomi tells Ogden, who has no knowledge of
Shakespearean comedy, that
she will tutor him in the subject for $50. As an offer, this is
d. only invites Milli to negotiate. - Correct Answers -Lon says to Milli, "I would like to sell
you my comic book collection." This is not
an offer because it
d. not an offer - Correct Answers -Octavio receives from Pastry Dough, Inc., its
catalogue and a "personalized"
letter inviting Octavio to buy any item at the advertised price. This is
b. reasonably definite. - Correct Answers -Barrett files a suit against City Moving
Service for breach of contract, based on
what Barrett claims was City Moving's offer. For a court to determine if a
contract has been breached, under the common law, the offer must include
terms that are
d. terminated the offer. - Correct Answers -Casey offers to sell a certain used forklift to
DIY Lumber Outlet, but Casey dies
before DIY accepts. Most likely, Casey's death
a. before Thomas accepts the offer. - Correct Answers -Signe offers to sell Thomas her
textbook but conditions the sale on Thomas
accepting the offer by March 1. Signe may revoke the offer
c. rejected the offer and made a counteroffer. - Correct Answers -Liz offers to sell Max
her iPad for $200. Max says, "Okay, but only if you
include the case and other accessories." Max has
d. no contract for a loan. - Correct Answers -Farmland County Bank offers to lend
money to Gino, the owner of Home
Hardware Store, at 15 percent interest. Before Gino accepts, a state statute is
enacted prohibiting loans at rates greater than 12 percent. Gino and the bank
,have
d. none of the choices. - Correct Answers -Shasta offers to sell a used hay baler to
Roberto, but receives a letter of
acceptance from Quito, who has no relation to Roberto. A valid contract exists
between
c. only after Rafe unloads the truck. - Correct Answers -Quay Trucking Service tells
Rafe that it will pay him $50 if he unloads a certain
truck at the Shipping Warehouse. Rafe's acceptance is complete
b. received. - Correct Answers -Crafted Metal Works, Inc., offers to design, make, and
sell Downtown Transit
Agency fourteen streetcars. Crafted Metal authorizes a particular mode of
communication, but Downtown Transit sends an acceptance via a substituted
means. This acceptance is effective when it is
a. provisions specifying the remedies if the contract is breached. - Correct Answers -
Mark is creating Nu2U.com, a Web site through which he will enter into
contracts over the Internet. Important terms to include in his offers include
b. Ember learns of it after contracting. - Correct Answers -Diverse Diversions, Inc.,
makes computer, video, and mobile device games.
Ember buys a hard copy of Final Infinity. Inside the package is a shrink-wrap
agreement. With respect to the contract for the game's purchase, the shrink-
wrap agreement may not be enforced if
b. a click-on agreement. - Correct Answers -Deb buys a song through eSongs, an
online music vendor. Before completing
the purchase and downloading the song, Deb must review a provision stating
that she will not make and sell copies of the song and is required to click "I
agree." This provision is
a. in advance to terms that apply to their future e-transactions. - Correct Answers -
Standard Purchasing Corporation and Topmost Sales, Inc., enter into a
partnering agreement. Under a partnering agreement, parties agree
b. an e-signature. - Correct Answers -Kay and Leo enter into a contract that falls within
the provisions of the UETA.
Under the UETA, "an electronic sound, symbol, or process attached to or
logically associated with a record and executed or adopted by a person with
the intent to sign the record" is
a. electronic means. - Correct Answers -World Shipping Corporation enters into
contracts with distributors and other
buyers in e-commerce and in traditional commerce. The UETA applies, if at all,
,only to those transactions in which the parties agree to use
a. a "signature." - Correct Answers -On behalf of Bobble Head Manufacturing Company,
Carmela types her name
at the bottom of an e-mail purchase order and submits the order to Designer
Parts Company. Under the UETA, Carmela's typed name qualifies as
b. sent. - Correct Answers -Lewis offers to make digital copies of Motivational Sales
Company's business
conference videotapes, CDs, DVDs, and other media for $500. Under the
mailbox rule and the UETA, Motivational Sales' acceptance by e-mail will be
considered effective when
d. it leaves the sender's control. - Correct Answers -Medical Billing Collection
Corporation and Naturopath Clinic make a deal for
Medical Billing's services via e-records. Under the UETA, an e-record is
considered received when
A contract entered into by a minor is voidable at the option of either of the contracting
parties. - Correct Answers -False
In the historic case of Hamer v. Sidway, the nephew: - Correct Answers -won, as the
Court found there was consideration.
Collector Carl displays his beer can collection at the Wagon Wheel Fleamarket. Valerie
sees the collection and is interested in buying it. Carl says he will sell the collection for
$1,500. Valerie says she really likes the collection but is only willing to pay $1,000.
Which of the following is correct? - Correct Answers -Valerie's counteroffer terminates
Carl's offer of $1,500.
On Monday evening, Stephen's neighbor tells him that he is going to have a new white
fence installed on Wednesday. On Wednesday morning, Stephen sees WestCoast
Fence Company installing the new fence on his own property. Pleased at the mistake,
he says nothing, and then refuses to pay when the company hands him the bill. Will he
be liable for payment? - Correct Answers -Yes, the court will make him pay under an
implied-in-law contract.
Industrial Engineering, Inc., promises to give stock options to Jasmine for processes
she has already designed for the firm. This promise is enforceable: - Correct Answers -
under no circumstances.
Liz offers to sell Max her iPad for $200. Max says, "Okay, but only if you include the
case and other accessories." Max has: - Correct Answers -rejected the offer and made
a counteroffer.
, A minor's right to disaffirm a contract terminates sixty days after the contract's date. -
Correct Answers -False
A bilateral contract comes into existence at the moment promises are exchanged. -
Correct Answers -True
Minors are liable for the contract price of any necessaries of life for which they contract.
- Correct Answers -False
Joneen says to Jill, "If you'll promise to feed my dog each day while I am out of town
next week, I'll pay you $100." Jill replies, "I'll absolutely do that, I hope you have a nice
trip." Jill then feeds the dog, after which Joneen paid her. At what point did a contract
come into existence? - Correct Answers -When Jill said that she would feed Joneen's
dog.
An advertisement reading, "Our last 2019 Boston Whaler 27-foot boat, serial number
T990234, will be sold to the first buyer with $40,000 cash at 9:00 a.m. on Saturday,"
would be treated as an offer. - Correct Answers -True
Rudy files a suit against Shingles Roofing Contractor, Inc., under the doctrine of
promissory estoppel. Rudy must show that: - Correct Answers -he justifiably relied on
Shingles' promise to his detriment.
A contract to provide care to a person for the remainder of that person's life is typically
not required to be in writing under the Statute of Frauds. - Correct Answers -True
Barrett files a suit against City Moving Service for breach of contract, based on what
Barrett claims was City Moving's offer. For a court to determine if a contract has been
breached, under the common law, the offer must include terms that are: - Correct
Answers -reasonably definite.
Liz offers to sell Max her iPad for $200. Max says, "Okay, but only if you include the
case and other accessories." Max has - Correct Answers -rejected the offer and made a
counteroffer.
Produce Packaging Company promises its employees a 10 percent raise at the end of
the year if productivity has increased and management feels the raise is warranted.
Produce Packaging must: - Correct Answers -do nothing.
Police Officer Jack apprehends a wanted criminal and then demands the $10,000
reward offered by Crime Stoppers. Which of the following statements is true? - Correct
Answers -Police Officer Jack is not entitled to the reward because he was under a pre-
existing duty to make the arrest.
Cellphones & Calltime, Inc., makes an offer to Delores to enter into a contract to work
as a salesperson for a certain base salary plus commission for ninety days subject to a
AND ANSWERS
a. effective - Correct Answers -Naomi tells Ogden, who has no knowledge of
Shakespearean comedy, that
she will tutor him in the subject for $50. As an offer, this is
d. only invites Milli to negotiate. - Correct Answers -Lon says to Milli, "I would like to sell
you my comic book collection." This is not
an offer because it
d. not an offer - Correct Answers -Octavio receives from Pastry Dough, Inc., its
catalogue and a "personalized"
letter inviting Octavio to buy any item at the advertised price. This is
b. reasonably definite. - Correct Answers -Barrett files a suit against City Moving
Service for breach of contract, based on
what Barrett claims was City Moving's offer. For a court to determine if a
contract has been breached, under the common law, the offer must include
terms that are
d. terminated the offer. - Correct Answers -Casey offers to sell a certain used forklift to
DIY Lumber Outlet, but Casey dies
before DIY accepts. Most likely, Casey's death
a. before Thomas accepts the offer. - Correct Answers -Signe offers to sell Thomas her
textbook but conditions the sale on Thomas
accepting the offer by March 1. Signe may revoke the offer
c. rejected the offer and made a counteroffer. - Correct Answers -Liz offers to sell Max
her iPad for $200. Max says, "Okay, but only if you
include the case and other accessories." Max has
d. no contract for a loan. - Correct Answers -Farmland County Bank offers to lend
money to Gino, the owner of Home
Hardware Store, at 15 percent interest. Before Gino accepts, a state statute is
enacted prohibiting loans at rates greater than 12 percent. Gino and the bank
,have
d. none of the choices. - Correct Answers -Shasta offers to sell a used hay baler to
Roberto, but receives a letter of
acceptance from Quito, who has no relation to Roberto. A valid contract exists
between
c. only after Rafe unloads the truck. - Correct Answers -Quay Trucking Service tells
Rafe that it will pay him $50 if he unloads a certain
truck at the Shipping Warehouse. Rafe's acceptance is complete
b. received. - Correct Answers -Crafted Metal Works, Inc., offers to design, make, and
sell Downtown Transit
Agency fourteen streetcars. Crafted Metal authorizes a particular mode of
communication, but Downtown Transit sends an acceptance via a substituted
means. This acceptance is effective when it is
a. provisions specifying the remedies if the contract is breached. - Correct Answers -
Mark is creating Nu2U.com, a Web site through which he will enter into
contracts over the Internet. Important terms to include in his offers include
b. Ember learns of it after contracting. - Correct Answers -Diverse Diversions, Inc.,
makes computer, video, and mobile device games.
Ember buys a hard copy of Final Infinity. Inside the package is a shrink-wrap
agreement. With respect to the contract for the game's purchase, the shrink-
wrap agreement may not be enforced if
b. a click-on agreement. - Correct Answers -Deb buys a song through eSongs, an
online music vendor. Before completing
the purchase and downloading the song, Deb must review a provision stating
that she will not make and sell copies of the song and is required to click "I
agree." This provision is
a. in advance to terms that apply to their future e-transactions. - Correct Answers -
Standard Purchasing Corporation and Topmost Sales, Inc., enter into a
partnering agreement. Under a partnering agreement, parties agree
b. an e-signature. - Correct Answers -Kay and Leo enter into a contract that falls within
the provisions of the UETA.
Under the UETA, "an electronic sound, symbol, or process attached to or
logically associated with a record and executed or adopted by a person with
the intent to sign the record" is
a. electronic means. - Correct Answers -World Shipping Corporation enters into
contracts with distributors and other
buyers in e-commerce and in traditional commerce. The UETA applies, if at all,
,only to those transactions in which the parties agree to use
a. a "signature." - Correct Answers -On behalf of Bobble Head Manufacturing Company,
Carmela types her name
at the bottom of an e-mail purchase order and submits the order to Designer
Parts Company. Under the UETA, Carmela's typed name qualifies as
b. sent. - Correct Answers -Lewis offers to make digital copies of Motivational Sales
Company's business
conference videotapes, CDs, DVDs, and other media for $500. Under the
mailbox rule and the UETA, Motivational Sales' acceptance by e-mail will be
considered effective when
d. it leaves the sender's control. - Correct Answers -Medical Billing Collection
Corporation and Naturopath Clinic make a deal for
Medical Billing's services via e-records. Under the UETA, an e-record is
considered received when
A contract entered into by a minor is voidable at the option of either of the contracting
parties. - Correct Answers -False
In the historic case of Hamer v. Sidway, the nephew: - Correct Answers -won, as the
Court found there was consideration.
Collector Carl displays his beer can collection at the Wagon Wheel Fleamarket. Valerie
sees the collection and is interested in buying it. Carl says he will sell the collection for
$1,500. Valerie says she really likes the collection but is only willing to pay $1,000.
Which of the following is correct? - Correct Answers -Valerie's counteroffer terminates
Carl's offer of $1,500.
On Monday evening, Stephen's neighbor tells him that he is going to have a new white
fence installed on Wednesday. On Wednesday morning, Stephen sees WestCoast
Fence Company installing the new fence on his own property. Pleased at the mistake,
he says nothing, and then refuses to pay when the company hands him the bill. Will he
be liable for payment? - Correct Answers -Yes, the court will make him pay under an
implied-in-law contract.
Industrial Engineering, Inc., promises to give stock options to Jasmine for processes
she has already designed for the firm. This promise is enforceable: - Correct Answers -
under no circumstances.
Liz offers to sell Max her iPad for $200. Max says, "Okay, but only if you include the
case and other accessories." Max has: - Correct Answers -rejected the offer and made
a counteroffer.
, A minor's right to disaffirm a contract terminates sixty days after the contract's date. -
Correct Answers -False
A bilateral contract comes into existence at the moment promises are exchanged. -
Correct Answers -True
Minors are liable for the contract price of any necessaries of life for which they contract.
- Correct Answers -False
Joneen says to Jill, "If you'll promise to feed my dog each day while I am out of town
next week, I'll pay you $100." Jill replies, "I'll absolutely do that, I hope you have a nice
trip." Jill then feeds the dog, after which Joneen paid her. At what point did a contract
come into existence? - Correct Answers -When Jill said that she would feed Joneen's
dog.
An advertisement reading, "Our last 2019 Boston Whaler 27-foot boat, serial number
T990234, will be sold to the first buyer with $40,000 cash at 9:00 a.m. on Saturday,"
would be treated as an offer. - Correct Answers -True
Rudy files a suit against Shingles Roofing Contractor, Inc., under the doctrine of
promissory estoppel. Rudy must show that: - Correct Answers -he justifiably relied on
Shingles' promise to his detriment.
A contract to provide care to a person for the remainder of that person's life is typically
not required to be in writing under the Statute of Frauds. - Correct Answers -True
Barrett files a suit against City Moving Service for breach of contract, based on what
Barrett claims was City Moving's offer. For a court to determine if a contract has been
breached, under the common law, the offer must include terms that are: - Correct
Answers -reasonably definite.
Liz offers to sell Max her iPad for $200. Max says, "Okay, but only if you include the
case and other accessories." Max has - Correct Answers -rejected the offer and made a
counteroffer.
Produce Packaging Company promises its employees a 10 percent raise at the end of
the year if productivity has increased and management feels the raise is warranted.
Produce Packaging must: - Correct Answers -do nothing.
Police Officer Jack apprehends a wanted criminal and then demands the $10,000
reward offered by Crime Stoppers. Which of the following statements is true? - Correct
Answers -Police Officer Jack is not entitled to the reward because he was under a pre-
existing duty to make the arrest.
Cellphones & Calltime, Inc., makes an offer to Delores to enter into a contract to work
as a salesperson for a certain base salary plus commission for ninety days subject to a
