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Exam (elaborations)

ACCT 311 FINAL EXAM WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY GRADED A+ 2025 – 2026

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ACCT 311 FINAL EXAM WITH CORRECT ACTUAL QUESTIONS AND CORRECTLY WELL DEFINED ANSWERS LATEST ALREADY GRADED A+ 2025 – 2026

Institution
ACCT 311
Course
ACCT 311











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Institution
ACCT 311
Course
ACCT 311

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Uploaded on
December 6, 2025
Number of pages
46
Written in
2025/2026
Type
Exam (elaborations)
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ACCT 311 FINAL EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2025 – 2026




Only if it is in writing - ANSWERS-Eleanora offers Flossy the
amount of an investment in Flossy's start-up business
venture if she marries Elanora's son Glenn. This promise is
enforceable...


The parol evidence rule - ANSWERS-Prohibiting the
introduction of oral evidence when it contradicts the terms
of a written contract is an example of...


An incidental beneficiary - ANSWERS-Someone who might
have benefited from a contract between tow others but has
no right to enforce that agreement is...


the extent of the three accepted boxes - ANSWERS-
Physicians clinic orders by phone seven boxes off single-use

,gloves from Quality Medical Supplies. After three boxes are
delivered and accepted Physicians Clinic repudiates the
contract. Quality Medical can enforce the contract to...


from the moment the obligor is notified of the assignment -
ANSWERS-When is an assignment valid and enforceable
against an obligor?


A third party donee beneficiary - ANSWERS-Cheryl enters
into a contract with Gabe. In this contract, Cherly asks Gabe
to pay the money he owes her from the contract to her
friend Leah because Leah is having some financial troubles .
Leah is...


About the same legal rihgts - ANSWERS-Generally, in
comparison to a donee beneficiary, a creditor has...


Zero will lose because there is no legal consideration to
support the additional $1500. - ANSWERS-Zero Inc. agreed
to build Millie a storage building for $8,000. After beginning
the project, Zero realized that is could not complete the job
and make a profit. Zero demanded $9,500 to complete the
building. Millie agreed to pay it. When eh project was
complete, Millie tendered $8,000 to Zero for the job. If Zero
sues Millie for the remaining $1,500...

,If Wilde's agrees to accept less than the full amount as full
payment, the agreement is not binding. - ANSWERS-Bernie
owes and undisputed amount to Wilde's Heating and Air
Conditioning. Which of the following is true?


Police officer paul is not entitled tot he reward because he
was under a pre-existing duty to make the arrest. -
ANSWERS-Police officer paul apprehends a wanted criminal
and the demand the $10,000 reward offered by Crime
Stoppers. Which of the following statements is true?


An output contract - ANSWERS-An agreement in which a
buyer agrees ti buy all the goods produced by a
manufacturer is known as..


An illusory contract - ANSWERS-Marco agrees to sell Crowns
R Us some balloons. the contract states that the Clowns may
buy as many gallons as it wishes. This agreement is...


You do not have to pay; there is a lack of consideration -
ANSWERS-Twenty years after you take this class you are
successful and wealthy. Knowing that this class was the key
to your success, you look up your old professor and send a

, letter saying, "because you helped me so much, i am going
to send you a check for $10,000." later you come to your
senses and do not send the check. Your old professor sues
you for the money...


Not question the adequacy of the consideration - ANSWERS-
Mobile Minutes offers Nate an unlimited number of
monthly minutes for $4.50 per month, Nate accepts. If a
dispute arises, a court will likely...


Companies charging excess inters on loans - ANSWERS-
Usury laws are designed to protect consumers from..
Administrative law - ANSWERS-The Occupational Safety and
Health Administration promulgates a rule requiring
warehouse employees to wear hardhats when in the vicinity
of an operating forklift. The purpose of the hardhats is to
protect employees from danger of falling objects. This rule
is...


Stare Decisis - ANSWERS-In 1992, the North Carolina
Supreme Court ruled in a case titled Goodman v. Wenco
Foods Inc. that when a substance in food causes injury to
the consumer of the food, it is not a var to recovery against
the seller that the substance was natural to the food. If, in a
2008 case involving a customers injury caused by a fish bone

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