BUSI 2001 FINAL EXAM WEEK 6 - QUESTION AND ANSWERS

Question 1

5 out of 5 points




Except as provided by statute, oral contracts are just as enforceable as written contracts.

Selected Answer: True

Correct Answer: True

Question 2

5 out of 5 points




Full performance is the most common method by which contracts are discharged.

Selected Answer: True

Correct Answer: True

Question 3

5 out of 5 points




One of the elements necessary to establish fraud is a false statement or concealment of a material
fact.

Selected Answer: True

Correct Answer: True

Question 4

5 out of 5 points

, The UCC requires all parties entering a sales contract to perform their obligations in good faith.

Selected Answer: True

Correct Answer: True

Question 5

5 out of 5 points




The term goods includes intangible personal property such as shares of stock.

Selected Answer: False

Correct Answer: False

Question 6

5 out of 5 points




A check is an instrument that is payable on demand.

Selected Answer: True

Correct Answer: True

Question 7

5 out of 5 points




Gambling is a legal form of playing for stakes, such as in a lottery.

Selected Answer: False

Correct Answer: False

Question 8

5 out of 5 points