Business Law Review CH 15, 16, 20 & 38 Exam Questions With Correct Answers
6 views 0 purchase
Course
Business law
Institution
Business Law
Business Law Review CH 15, 16, 20 & 38
Exam Questions With Correct Answers
D. Damages - answerWhich of the following is a legal remedy?
Select one:
a. Specific performance
b. Injunction
c. Restitution
d. Damages
e. Expectation interest
True - answerA substituted agreement may simply replac...
Business Law Review CH 15, 16, 20 & 38
Exam Questions With Correct Answers
D. Damages - answer✔✔Which of the following is a legal remedy?
Select one:
a. Specific performance
b. Injunction
c. Restitution
d. Damages
e. Expectation interest
True - answer✔✔A substituted agreement may simply replace the original one between the
original parties.
Select one:
True
False
True - answer✔✔A limited warranty may cover only parts, not labor.
Select one:
True
False
d. Waiver - answer✔✔If a landlady accepts late payment by a tenant without objection, what
means of discharge is she implementing?
Select one:
a. Novation
b. Accord and satisfaction
, EXAM STUDY MATERIALS 8/7/2024 11:29 AM
c. Substituted agreement
d. Waiver
e. Release
True - answer✔✔A condition precedent is a term in a contract (express or implied) that requires
performance only in the event something else happens first.
Select one:
True
False
True - answer✔✔An agent may appoint his or her own agents to carry out his/her duties, with or
without the authorization of his/her principal.
Select one:
True
False
a. loss of compensation and profit. - answer✔✔The penalty for breach of the fiduciary duty of an
agent is:
Select one:
a. loss of compensation and profit.
b. imprisonment for a period of 5 years.
c. $1000 for each instance of the act.
d. permanent reduction in the rate of commission.
e. loss of possession and title to the property.
b. Termination - answer✔✔Under the Uniform Commercial Code, which of the following is said
to have occurred when either of the two parties exercises a lawful right to end the contract other
than for breach?
Select one:
a. Cancellation
b. Termination
c. A perfect tender
d. Anticipatory breach
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Brightstars. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
