BUSINESS LAW FINAL COCHRAN ACCT 2700
EXAM QUESTIONS AND ANSWERS 100% PASS
|ALREADY GRADED A+| VERIFIED AND UPDATED
A mistake does not have anything to do with mutual assent. - correct
answer-True
A contract is not considered a sacred agreement. - correct answer-True
Even if an adult signs a contract they may lack contractual capacity. -
correct answer-True
It doesn't matter what the parties intend for a contract to do, it matters
what they actually do. - correct answer-True
Statute of frauds provides the best evidence in a dispute of contract. -
correct answer-True
,If you enter a contract and have paper but write contract on napkin and
sign it, is it enforceable. - correct answer-Yes, it is enforceable
If someone breeched a contract with you and it cost you 20 million,
because your loss is so outrageous the district attorney will file charges
with the person it breeches. - correct answer-False
An X or initials can be considered a signature. - correct answer-True
If you're in a contract and the other party breeches the contract, but
you don't suffer a loss, would you sue them? - correct answer-No
What is the most common type of remedies in a breech of a contract? -
correct answer-Money (compensatory damages)
If damages that are intended to be more than compensatory what are
they? - correct answer-Equitable remedy
, Compensatory: payment
You sign a long term lease, what is the minimum amount that that lease
must be for? - correct answer-Any amount
If you buy a pair of Beats for $300, MacBook for $1500 and have a 2
year employment contract for $45,000 a month. Which must be signed?
- correct answer-Contract and MacBook - over $500 and over a year
Swipe right on Tinder and you are cat-fished, you can sue tinder for
fraud. - correct answer-True
Agreement - correct answer-offer and acceptance
Advertisements - correct answer-invitations to offer or negotiate
EXAM QUESTIONS AND ANSWERS 100% PASS
|ALREADY GRADED A+| VERIFIED AND UPDATED
A mistake does not have anything to do with mutual assent. - correct
answer-True
A contract is not considered a sacred agreement. - correct answer-True
Even if an adult signs a contract they may lack contractual capacity. -
correct answer-True
It doesn't matter what the parties intend for a contract to do, it matters
what they actually do. - correct answer-True
Statute of frauds provides the best evidence in a dispute of contract. -
correct answer-True
,If you enter a contract and have paper but write contract on napkin and
sign it, is it enforceable. - correct answer-Yes, it is enforceable
If someone breeched a contract with you and it cost you 20 million,
because your loss is so outrageous the district attorney will file charges
with the person it breeches. - correct answer-False
An X or initials can be considered a signature. - correct answer-True
If you're in a contract and the other party breeches the contract, but
you don't suffer a loss, would you sue them? - correct answer-No
What is the most common type of remedies in a breech of a contract? -
correct answer-Money (compensatory damages)
If damages that are intended to be more than compensatory what are
they? - correct answer-Equitable remedy
, Compensatory: payment
You sign a long term lease, what is the minimum amount that that lease
must be for? - correct answer-Any amount
If you buy a pair of Beats for $300, MacBook for $1500 and have a 2
year employment contract for $45,000 a month. Which must be signed?
- correct answer-Contract and MacBook - over $500 and over a year
Swipe right on Tinder and you are cat-fished, you can sue tinder for
fraud. - correct answer-True
Agreement - correct answer-offer and acceptance
Advertisements - correct answer-invitations to offer or negotiate
