100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
BUL3310 TEST QUESTIONS WITH VERIFIED SOLUTIONS $12.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. BUL3310
  4.  
  5. BUL3310

Exam (elaborations)

BUL3310 TEST QUESTIONS WITH VERIFIED SOLUTIONS

 0 purchase
  • Course
  • BUL3310
  • Institution
  • BUL3310

BUL3310 TEST QUESTIONS WITH VERIFIED SOLUTIONS The Uniform Commercial Code requires that any modification to a contract for the sale of goods must be supported by new consideration - Answer-False What is another term for punitive damages? - Answer-Exemplary Plaintiff's duty to take steps to...

[Show more]

Preview 2 out of 9  pages

Document information

  • August 31, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • bul3310
  • bul3310 test questions with verified solutions

Written for

  • BUL3310
  • BUL3310

Seller

avatar-seller
Perfectscorer

Reviews received

Content preview

BUL3310 TEST QUESTIONS WITH
VERIFIED SOLUTIONS
The Uniform Commercial Code requires that any modification to a contract for the sale
of goods must be supported by new consideration - Answer-False

What is another term for punitive damages? - Answer-Exemplary

Plaintiff's duty to take steps to lesson the damages that result from a defendant's breach
of contract is the duty to _____________ - Answer-Mitigate

The Uniform Commercial Code is an important source of contract law for businesses in
the United States - Answer-True

Quantum meruit refers to the compensation owed party under an express contract -
Answer-False

Liz read the following announcement in the newspaper: "100 reward for the return of my
lost dog, Duffy." This announcement is an offer to form what type of contract? - Answer-
Unilateral

The award of a very small amount of money, such as 1, acknowledges that a wrong has
been done, even though there were no monetary losses. This award represents what
type of damages? - Answer-Nominal

Since it is up to the parties to determine the dollar amount in a liquidated damages
clause, courts will enforce any amount called for in the contract - Answer-False

The person to whom an offer to form a contract is made is called the ___________ -
Answer-Offeree

An offeree is - Answer-The person to whom the offer to form a unilateral or bilateral
contract is made

Nellie Neighbor made the following offer to two students who lived next door: "I will give
you each 50 if you come to my house and move some furniture for me on Saturday."
This is an offer to form what type of contract? - Answer-Unilateral

Consideration in a bilateral contract always involves both - Answer-A legal benefit and a
legal detriment

Plaintiff sued a National Football League team, alleging that she had been sexually
assaulted by several team members in a hotel room after a game. Team offered the

, plaintiff a cash settlement in exchange for two promises: 1) plaintiff would never discuss
publicly the suit or the terms of the settlement, and 2) plaintiff would never again sue the
team or the individual players on any claim connected with the incident. Agreeing not to
exercise these legal rights constitutes _____________ - Answer-Forbearance

Promissory estoppel is often used in which of the following business situations? -
Answer-When a contractor submits a bid in reliance on the bids of his subcontractors
When a businessperson reasonably relies on representations that he will get a franchise
When employees rely on employer promises about pensions and benefits

An illusory promise is consideration for a unilateral contract, but not for a bilateral
contract - Answer-False

Which of the following is false about a renunciation? - Answer-Renunciations are valid
in common law but not under the Code

In bilateral contracts, both parties must be bound to the contract or neither party is
bound - Answer-True

An illusory promise is created when - Answer-The promise is conditional on an event
happening first that is totally within the promissor's control

Which of the following statements is true about modifying contracts governed by the
Code? - Answer-No new consideration is required to modify an existing contract
Modifications must be made in good faith
Parties may agree that all modifications to an existing contract must be in writing

Brenda was the lead detective assigned to investigate the murder of a prominent local
businessman. A local civic group offered a 10,000 reward to anyone who provided the
information leading to the arrest and conviction of the murderer. The murderer was
found, tried, and convicted largely due to Brenda's efforts. Can Brenda collect the
reward? - Answer-No, Brenda had preexisting contractual duty to find and try to convict
the murderer

Famous Chef told Shrimp Boat Captain: "I will buy your catch if I think the shrimp are
large enough". What is the status of this promise? - Answer-This is a valid promise
because the chef must make the decision in good faith

The legal status of a contract entered into by a minor is ____________ - Answer-
Avoidable only by the minor

Minors may only avoid executory, not executed, contracts - Answer-False

Which of the following is not a necessary? - Answer-Internet service

A minor must pay the contract price for necessaries - Answer-False

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 Perfectscorer. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

65040 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Exam (elaborations) ·

(1)

KPEERI Exam Study Guide 2023/2024 Latest Update

Summary ·

(11)

Gehele toetsmatrijs LKT uitgewerkt (deel 2)

Exam (elaborations) ·

(0)

WGU-C838-Pre-Assessment Exam 2023 update

Exam (elaborations) ·

(0)

Statistics Chapter 5 Questions and and answers

Exam (elaborations) ·

(0)

NSG318 Topic 4, NSG 318 Exam 2- Drug Cards

Summary ·

(0)

Praktijk (theorie) (3de jaar 1 sem)(2020-2021)

Exam (elaborations) ·

(0)

NYREI quiz questions with correct answers 2023

Exam (elaborations) ·

(0)

NURS 330 Chapter 5 Perioperative Nursing

Exam (elaborations) ·

(0)

exam 3 asu bio 182-with 100% verified solutions

$12.99
  • (0)
Add to cart
Added