Exam (elaborations)

BUS 311 Week 2 Quiz (Two Sets)./ANSWERS

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BUS311

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BUS311

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Uploaded on April 8, 2022
Number of pages 6
Written in 2021/2022
Type Exam (elaborations)
Contains Questions & answers

bus 311 week 2 quiz question 1 by letter
martine offers to landscape harry’s yard for 500 harry thinks that is too much
and on monday he mails a rejection however
on tuesday harry realizes marti

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BUS 311 Week 2 Quiz
Question 1
By letter, Martine offers to landscape Harry’s yard for $500. Harry thinks that is too much, and
on Monday he mails a rejection. However, on Tuesday Harry realizes Martine was giving him a
good deal, so he mails an acceptance. Martine however changed her mind about the job on
Wednesday, and mailed a revocation, which Harry receives on Thursday. On Friday, Martine
receives Harry’s acceptance. On Saturday, she receives his rejection. Which best describes the
situation?
Correct!
There is a contract; Harry accepted on Tuesday.
There is a contract; Harry accepted on Friday.
There is no contract; the offer terminated on Monday.
There is no contract, the offer terminated on Thursday.

Question 2
Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely
want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the
situation?

There is a contract, because Breanna has accepted the offer.
There is no contract, because Breanna did not use a proper form of acceptance.
There is no contract, because Breanna made a counteroffer.
There is no contract, because Merlin never made an offer.

Question 3
Royal Hotel Inc. orally orders 100 standard sets of sheets from Textile Inc. for a price of $500.
Textile immediately sends back a written invoice with the details of the conversation. Royal and
Textile
Correct!
have an enforceable contract unless Royal objects within 10 days.
have an enforceable contract unless Textile objects within a reasonable time.
do not have an enforceable contract because it was an oral agreement.
do not have an enforceable contract because Royal never signed the invoice.

Question 4
Jason promises to tutor Maria in Essentials of Business Law for three hours next week in
exchange for $30. Maria promises to pay the $30. They have a/an:
Correct!

, Express contract
Implied contract
Quasi contract
Formal contract

Question 5
Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, “I accept. Make sure you
wash and wax the car before you bring it over.” Which best describes the situation?

There is a contract; Daniel must wash and wax the car.
There is a contract, but Daniel does not have to wash and wax the car.
There is no contract; Jen made a counteroffer.
There is no contract unless Jen is willing to take an unwashed car.

Question 6
Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The
landlord scoffs, saying: “Cockroaches don’t get that big! I’ll pay $10,000 to anyone who can
show me a six-inch cockroach.” Will, a bug collector, overhears and promptly presents the
landlord with his prize six-inch South American cockroach. The landlord refuses to pay, and
Will sues. Which of the following best describes the situation?

There is no contract because the landlord never intended to make an offer.
There is no contract; a reasonable person wouldn’t believe the landlord intended to pay.
There is no contract because Will did not have the power of acceptance.
There is definitely a contract.

Question 7
Alison contracts to sell “50 bushels of tomatoes grown in my garden” to Flora’s Café. Alison’s
garden is wiped out by a hailstorm. The contract is
You Answered
discharged due to impossibility.
discharged due to commercial impracticability.
discharged due to frustration of purpose.
not discharged.

Question 8
Under the UCC, a court is most likely to find a contract is unconscionable and should be voided
if

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Exam (elaborations)

BUS 311 Week 2 Quiz (Two Sets)./ANSWERS

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