BLAW EXAM 2 PRACTICE QUESTIONS WITH CORRECT ANSWERS GRADED A.pdf

BLAW EXAM 2 PRACTICE QUESTIONS
WITH CORRECT ANSWERS GRADED
A+ FOR 2025-2026 ASSURED EXCEL
WhichxofxthexfollowingxisxNOTxonexofxthexrequiredxelementsxofxaxcontract?



A.xAgreement

B.xConsideration

C.xCapacity

D.xFairness

E.xLegalityx-xxCORRECTxANSWERSD



ThexUniformxCommercialxCodexisxaxbodyxofxstatutoryxlawxthatxdealsxinxpartxwithxcertainxformsxofxcontracts
.xWhichxof

thexfollowingxcontractsxwouldxfallxunderxthexUCCx(specifically,xArticlexTWOxofxthexUCC)?



A.xTwoxyearxemploymentxcontract

B.xContractxforxsalexofxcomputer

C.xContractxtoxmowxaxhomeowner'sxlawnxforxthexsummerxseason

D.xHealthxinsurancexpolicy

E.xContractxtoxpaintxaxhousex-xxCORRECTxANSWERSB



TomxenteredxintoxaxcontractxwithxTrustyxConstructionxCompanyxwherebyxTrustyxwasxgoingxtoxbuildxanxadd
itionxto

Tom'sxofficexbuilding.xThexcontractxcalledxforxaxfixedxpricexofx$20,000,xwithxconstructionxtoxbeginxonxSepte
mberx1xand

toxfinishxonxSeptemberx30.xItxisxnowxSeptemberx15xandxTrustyxisxaboutxhalfwayxdonexwithxthexjob.xAsxofxSe
ptemberx15

thisxcontractxcanxbestxbexclassifiedxas:

,A.xBilateralxandxexecutory

B.xBilateralxandxexecuted

C.xUnilateralxandxexecutory

D.xUnilateralxandxexecuted

E.xQuasixcontractx-xxCORRECTxANSWERSA



AllenxisxconsideringxmakingxanxofferxtoxBakerxtoxpurchasexBaker'sxhouse.xAllenxandxBakerxhadxbeenxdiscuss
ingxthe

matterxforxseveralxweeks,xandxfinallyxAllenxdecidedxtoxmakexanxofferxtoxBaker.xHextypedxupxthexofferxonxhis
xoffice



computer,xprintedxitxoff,xandxputxitxonxhisxdeskxexpectingxtoxgivexitxtoxBakerxlaterxthatxday.xHexthenxleftxforxl
unch.

Baker'sxofficexhappenedxtoxbexinxthexsamexbuilding,xandxwhilexAllenxwasxatxlunchxBakerxwanderedxintoxAll
en'sxoffice

(whichxhadxbeenxleftxopen),xsawxthexoffer,xandxwrotex"Ixaccept,xBaker"xatxthexbottomxofxthexdocument.xDu
ringxlunch

Allenxchangedxhisxmindxandxdecidedxnotxtoxbuyxthexhousexafterxall.xBakerxinsistsxthatxhexalreadyxacceptedx
Allen'sxoffer,

andxthereforexaxcontractxexistsxbetweenxthextwoxparties.xIsxtherexaxcontractxinxthisxcase?



A.xYes,xasxthexofferxwasxcommunicatedxasxsoonxasxBakerxreadxthexdocument

B.xNo,xasxtherexwasxnoxlegalxintent

C.xNo,xasxthexofferxwasxnotxrex-xxCORRECTxANSWERSD



OnxMonday,xSeptemberx20,xElaine,xthexownerxofxaxbusinessxthatxsellsxofficexequipment,xreceivedxaxwritten
xofferxfromxa



customerx(Charles)xwherebyxCharlesx(axdoctor)xofferedxtoxpurchasexaxcopyxmachinexfromxElaine.xThexlette
rxstatedxthat

Charlesxwouldxbexwillingxtoxpayx$500xforxthexcopier.xThexletterxalsoxstatedxthatxthexofferxwouldxbexheldxop
enxonlyxuntil

Friday,xSeptemberx24xatxnoon.xWhichxofxthexfollowingxisxcorrect?

, A.xTherexisxnoxofferxinxthisxcasexsincexCharlesxdidxnotxincludexaxcheckxforx$500xatxthextimexthexofferxwasxma
de.

B.xTherexisxnoxofferxinxthisxcasexsincexCharlesxdidxnotxpersonallyx(facextoxface)xdeliverxthexofferxtoxElaine.

C.xTherexisxaxlegalxofferxinxthisxcase,xandxCharlesxisxobligatedxtoxholdxthexofferxopenxforxthexindicatedxtime

D.xTherexisxaxlegalxofferxinxthisxcase,xbutxCharlesxcanxrevokexbyxsimplyxdecidingxthatxhexnoxlongerxwantsxthe
xcopier



E.xTherexisxaxlegalxofferxinxthisxcase,xbutxCharlesxcanx-xxCORRECTxANSWERSE



FrankxsentxaxletterxtoxGaryx(whoxlivedxinxanotherxstate).xThexletterxcontainedxaxlegalxofferxforxaxservicexcont
ract.xGary

receivedxthexletterxonxWednesday,xSeptemberx22.xOnxThursday,xSeptemberx23xGaryxdecidedxthatxhexwant
edxtoxaccept

thexoffer.xOnxFriday,xSeptemberx24xGaryxmailedxaxletterx(properlyxaddressedxandxstamped)xtoxFrankxaccep
tingxthexoffer.

ThexletterxwasxreceivedxbyxFrankxonxMonday,xSeptemberx27.xUnderxthexgeneralxcommonxlawxaxcontractxw
asxformedxon:



A.xSeptemberx22

B.xSeptemberx23

C.xSeptemberx24

D.xSeptemberx27

E.xNoxcontractxwasxformedxsincexGaryxdidxnotxhavexthexrightxtoxacceptxbyxusingxthexmails.x-
xxCORRECTxANSWERSC




Whichxofxthexfollowingxisx/xarexrequiredxelementsxofx"consideration"xunderxgeneralxcommonxlaw?



I.xItxmustxbexbargainedxfor

II.xThexobligationsxagreedxuponxmustxbexofxapproximatelyxequalxvalue

III.xTherexmustxbexanxexchangexofxmoney