ETH 321 - DL Week 4 Practice Assignment Questions and Answers Graded A+

ETH 321 - DL Week 4 Practice Assignment Questions and Answers Graded A+ What are compensatory damages? Damages awarded to return a non-breaching party to its former position Which of the following would qualify as valid consideration? 6.4: Consideration Carlie contracts with her landlord to pay for rent by landscaping the property and cleaning and painting empty apartments. Carlie's consideration is work and the landlord's consideration is Carlie's housing. All other response options only have one party offering consideration. Claire and Donny want to use a contract to enforce a business deal. Which of the following would most solidly enforce to terms of their agreement? 6.2: Fundamentals of American Contract Law A formal, express contract Formal contracts provide more tangible proof and information about a deal. Express contracts make a contract more specific and remove ambiguity. Which of the following would most likely qualify as substantial performance? 6.9: Performance and Discharge Leroy doesn't finish his last 3 days of yard work under contract because his mother has a medical emergency. Three days would not remove the possibility of substantially completing a project. Other response options entail extreme deviations from a contract's terms or abandonment of a contract. What is the definition of undue influence? Domination of another person so thoroughly as to remove free will Which of the following contracts are not required to be in writing? 6.7: Contract Form A contract for labor intended to finish before one year Only contracts for labor which takes over a year to finish must be in writing. Stetzon, a merchant, makes an unconscionably unfair deal with another merchant, Cheri. Cheri wants to pursue a remedy when she discovers her disadvantage in the contract. What recourse does Cheri have under UCC? 6.11: Sales Contracts Cheri may have a court alter the contract. A court can limit or expand the contract to render it fair. What is the correct definition of delegator? A person transferring contract duties Callie wants to work for an insurance firm. Before she is hired, the firm wants her to sign a non- compete agreement that she will not work for any other insurance firm in the state or any surrounding state for the next ten years. Which of the following is most likely true? 6.5: Legality and Capacity This agreement is probably too excessive to be enforceable. The details of how severe this contract is may be subject to different opinions, but such a large geographic area and such a long duration suggests an excessive non-compete agreement that is likely unenforceable. What is the correct definition of offeror? Person who