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BUL 3310 EXAM 2 QUESTIONS WITH REVISED ANSWERS

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BUL 3310 EXAM 2 QUESTIONS WITH REVISED ANSWERS Under the Code, parties may agree to modify the terms of an existing contract without providing new consideration. True False - Answer-True Todd bought a lawn tractor from LawnToysRus. The law that governs this sales contract is The Uniform...

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  • August 31, 2024
  • 59
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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BUL 3310 EXAM 2 QUESTIONS WITH
REVISED ANSWERS
Under the Code, parties may agree to modify the terms of an existing contract without
providing new consideration.

True
False - Answer-True

Todd bought a lawn tractor from LawnToysRus. The law that governs this sales contract
is

The Uniform Commercial Code
The Convention on the International Sale of Goods
State common law
Federal common law - Answer-The Uniform Commercial Code

An offeree is

The person who makes an offer to form a bilateral contract

The defendant in a case based on quantum merit.

The person to whom the offer to form a unilateral or bilateral contract is made.

The person who makes an offer to form a unilateral contract. - Answer-The person to
whom the offer to form a unilateral or bilateral contract is made.

Sam Student transferred to another college and had to leave his apartment with 5
months remaining on the lease. Landlord must try to find a suitable replacement tenant
before he can sue Sam for damage because landlord has a duty to
_____________damages.

Ameliorate
Foresee
Subrogate
Mitigate - Answer-Mitigate

Contracts formed by the conduct of the parties, rather than expressed in words, are
implied-in-law contracts.

True
False - Answer-False

,Cal Contractor did extensive work renovating Hailey Homeowner's kitchen. The
construction work has been completely finished, but Hailey has not yet paid Cal. This is
an example of a partially executed contract.

True
False - Answer-True

The winning party in a breach of contract case is normally entitled to attorney's fees,
witness fees and filing costs.

True
False - Answer-False

Allison, who raises horses, promised to give her friend Gil a pony for his daughter. She
advised Gil that he would need to enclose a section of his property and recommended a
specific type of fencing. Gil bought the recommended materials and had the fence built
on his property. Allison now refuses to give Gil the pony. Allison will be liable to Gil for
the cost of fencing his property based on the theory of

Promissory estoppel
Restitution
Contract rescission
Contract modification - Answer-Promissory estoppel

Law enforcement officers are normally not allowed to collect reward money offered for
the capture and conviction of criminals because:
(select all answer options that are correct)

Accepting a reward would violate principles of promissory estoppel.

The officers are able to accept rewards, but the officer would have to deduct their pay
from the amount of any reward received

The officers have a preexisting legal duty to apprehend criminals.

The officers have a preexisting moral duty to apprehend criminals. - Answer-The
officers have a preexisting legal duty to apprehend criminals.

Under which of the following circumstances will cashing a check marked "paid in full"
create an accord and satisfaction?

The check is for any transaction governed by the Code.

The check is for a lesser sum that the amount due on a liquidated debt.

,The check is in payment of a court judgment.

The check is for an unliquidated debt and both parties know of the dispute. - Answer-
The check is for an unliquidated debt and both parties know of the dispute.

Promissory estoppel is best described as

A contract remedy for breach of bilateral contracts

An equitable remedy when one party suffers an un-bargained-for detriment.

A contract remedy for breach of unilateral contracts.

An equitable remedy when an accord and satisfaction fails. - Answer-An equitable
remedy when one party suffers an un-bargained-for detriment.

For promissory estoppel to be granted as a remedy, the promisor must have known or
expected that the promisee would rely on the promise.

True
False - Answer-True

Bill Builder entered into a contract with Carl's Carpets to supply him with the carpeting
he needed to complete the renovation of Famous Restaurant. When Carl did not deliver
the carpeting on the contract date, Bill had to find similar carpeting from a different
vendor for 5 a yard more than he would have paid to Carl. The difference between the
cost of the carpet in the contract with Carl and the cost Bill had to pay the new vendor
can be recovered from Carl as _________ damages.


Another term for punitive damages is ___________damages

Inculpatory
Criminal
Exemplary
Exculpatory - Answer-Exemplary

Tom took Ann's 125 Economics text from her locker without her knowledge and sold it
back to the college bookstore, keeping the profits. Tom has committed the tort of

Conversion
Nuisance
Trespass to Chattel
Embezzlement - Answer-Conversion

Compensatory damages would include all of the following except

, Property damages
Exemplary damages
Lost wages
Pain and suffering - Answer-Exemplary damages

All property other than land is classified as:

Res personam
General intangibles
Res ownership
Chattel - Answer-Chattel

The damages that are awarded to a victim to make the victim "whole" are
____________ damages.

Consequential
Compensatory
Punitive
Nominal - Answer-Compensatory

Tom took Al's car without Al's permission and used it for two days before returning it.
Tom has committed the tort of conversion.

True
False - Answer-False

The difference between assault and a battery is that assault results in in
more bodily harm.

True
False - Answer-False

There are no defenses available to a defendant manufacturer in market share liability
cases

True
False - Answer-False

In joint and several liability one party is potentially liable to pay the entire amount of the
judgment.

True
False - Answer-True

To be liable for trespass to land a person must know that the property belongs to
another.

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