Question 1

Which of the following is the part of the Uniform Commercial code governing contracts for the sale of goods?

Accepted Answer

A)   Article 2
B)   Article 3
C)   Article 4
D)   Article 5
E)   Article 7F) None of the above
G) A) and B)

Question 2

Which of the following would describe Beverly's role in the transaction?

Accepted Answer

A)   She was the offeror.
B)   She was the offeree.
C)   She was the assentor.
D)   She was the assentee.
E)   She was the offeree and the assentee.F) A) and B)
G) B) and C)

Question 3

Which of the following is in effect not a contract at all?

Accepted Answer

A)   A voidable contract
B)   An executory contract
C)   An implied contract
D)   An executed contract
E)   A void contractF) A) and C)
G) All of the above

Question 4

Discuss the meaning of a void contract and a voidable contract,and the effect of a determination that a contract is either void or voidable.

Accepted Answer

A void contract is in effect not a contr...

Question 5

Millie mows her own yard to save money.Her neighbor Paul,however,hires a lawn service to mow his yard.One day Millie is looking out of the window and sees Paul's lawn service drive up.Surprisingly,they begin to mow her yard,not Paul's yard.Millie thinks that is great and keeps her mouth shut while they mow the yard.Later,she gets a bill.She calls the owner of the lawn service and says that she does not have to pay because there was no contract where she agreed to have her yard mowed.The lawn service says that she is liable for the full amount of its contract.Discuss whether the lawn service is entitled to any recovery and why or why not.

Accepted Answer

The lawn service will be entitled to rec...

Question 6

In the U.S.,which of the following are the two most important sources of contract law?

Accepted Answer

A)   Case law and the Restatement of Law, Contracts.
B)   Case law and the Uniform Commercial Code.
C)   The Uniform Commercial Code and the Convention on Contracts for International Sales of Goods.
D)   Case law and the Convention on Contracts for International Sales of Goods.
E)   The Convention on Contracts for International Sales of Goods and the Restatement of the Law, Contracts.F) A) and C)
G) B) and C)

Question 7

As long as some of the duties under a contract have not yet been performed,the contract is considered ________________.

Accepted Answer

A)   Executory
B)   Executed
C)   Anticipatory
D)   Ended
E)   StoppedF) C) and E)
G) All of the above

Question 8

Which of the following references the requirement that a contract not be either illegal or against public policy?

Accepted Answer

A)   Consideration
B)   Capacity
C)   Legal object
D)   Illegal prohibition
E)   Ethical requirementF) A) and B)
G) None of the above

Question 9

Once all the terms of the contract have been fully performed,the contract is said to be ___________.

Accepted Answer

A)   Executory
B)   Executed
C)   Anticipatory
D)   Ended
E)   StoppedF) A) and B)
G) B) and D)

Question 10

A[n] ___________ is a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty.

Accepted Answer

A)   Contract
B)   Offer
C)   Consideration
D)   Acceptance
E)   Legal objectF) None of the above
G) All of the above

Question 11

How many states still allow a contract without consideration to be enforced if it is under seal?

Accepted Answer

A)   Five
B)   Eight
C)   Ten
D)   Twenty
E)   ThirtyF) A) and D)
G) A) and C)

Exam 13: Introduction to Contracts

As long as some of the duties under a contract have not yet been performed,the contract is considered ________________.

Correct Answer
verified

Which of the following would describe Beverly's role in the transaction?

Correct Answer
verified

How many states still allow a contract without consideration to be enforced if it is under seal?

Correct Answer
verified

Once all the terms of the contract have been fully performed,the contract is said to be ___________.

Correct Answer
verified

Correct Answer
verified
The lawn service will be entitled to rec...
View Answer

Which of the following is in effect not a contract at all?

Correct Answer
verified

Discuss the meaning of a void contract and a voidable contract,and the effect of a determination that a contract is either void or voidable.

Correct Answer
verified
A void contract is in effect not a contr...
View Answer

A[n] ___________ is a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty.

Correct Answer
verified

Which of the following is the part of the Uniform Commercial code governing contracts for the sale of goods?

Correct Answer
verified

In the U.S.,which of the following are the two most important sources of contract law?

Correct Answer
verified

Which of the following references the requirement that a contract not be either illegal or against public policy?

Correct Answer
verified

Exam 13: Introduction to Contracts

As long as some of the duties under a contract have not yet been performed,the contract is considered ________________.

Correct AnswerverifiedShow Answer

Which of the following would describe Beverly's role in the transaction?

Correct AnswerverifiedShow Answer

How many states still allow a contract without consideration to be enforced if it is under seal?

Correct AnswerverifiedShow Answer

Once all the terms of the contract have been fully performed,the contract is said to be ___________.

Correct AnswerverifiedShow Answer

Correct AnswerverifiedThe lawn service will be entitled to rec...View AnswerShow Answer

Which of the following is in effect not a contract at all?

Correct AnswerverifiedShow Answer

Discuss the meaning of a void contract and a voidable contract,and the effect of a determination that a contract is either void or voidable.

Correct AnswerverifiedA void contract is in effect not a contr...View AnswerShow Answer

A[n] ___________ is a promise or set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty.

Correct AnswerverifiedShow Answer

Which of the following is the part of the Uniform Commercial code governing contracts for the sale of goods?

Correct AnswerverifiedShow Answer

In the U.S.,which of the following are the two most important sources of contract law?

Correct AnswerverifiedShow Answer

Which of the following references the requirement that a contract not be either illegal or against public policy?

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified
The lawn service will be entitled to rec...
View Answer

Correct Answer
verified

Correct Answer
verified
A void contract is in effect not a contr...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified