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LAW 531 Week 3 Quiz 2022 LATEST UPDATE
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LAW 531 Week 3 Quiz 2022 LATEST UPDATE
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1. Parties enter into a contract for services and one party commits a breach. The party who breached wants to continuewith the contract but wants the terms revised. What is his best method of dispute resolution?
Negotiation
2. Which of the following is true when someone mistakenly makes an improvement to the personal property of another?
The party who made the improvement must remove all easily removable improvements, paying any damages
from the removal, otherwise the owner of the property gets to keep the improvement and is not required to pay for it.
3. If a contract ends in a dispute, and the parties want to have the matter resolved without going to court, which is the
most common method for them to pursue?
Arbitration
4. Oral agreements may be legally enforceable contracts with the exception of some types of contracts specified in which
law?
Statute of Frauds
5. What federal statute governs the legal use of electronic contracts?
Uniform Computer Information Transactions Act
6. Which of the following is true about the public use doctrine?
A patent will not be granted if the invention was already in public use for one year before filing application
7. To create an enforceable contract, which of the following are needed?
Agreement, consideration, contractual capacity, and a lawful object
8. Which of the two parties are involved in every contract?
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