WGU C713 BUSINESS LAW EXAM 2024-
2025 COMPLETE 400 QUESTIONS WITH
100% CORRECT DETAILED AND
VERIFIED ANSWERS
BRAND NEW EXAM ALREADY
GRADED A+
Have the two companies formed a legally binding
contract?
A) Yes, because warranty provisions play no role in
contract formation
B) No, because of the mirror-image rule
C) No, because Company A's offer has expired
D) Yes, because definite acceptances may add to the offer
- ....ANSWER...No, because of the mirror-image rule
On Monday, Company A sends the following letter to
Company B: "We have 500 widgets available for you t o
purchase. We propose to sell them to you for $100 each.
This offer is to remain open until Friday."
On Saturday, Company B sends the following reply by
mail: "We accept your offer." Company A receives this
1
,letter on Monday.
Have the two companies formed a legally binding
contract?
A) Yes, because the time limit in Company A's offer is
not legally effective
B) No, because of a lack of consideration
C) yes, because of the mailbox rule
D) No, because Company A's offer expired before
Company B accepted it. - ....ANSWER...No, because
Company A's offer expired before Company B accepted
it.
Company A sends the following letter to Company B: "We
have 500 widgets available for you to purchase. We
propose to sell them to you for $100 each. Do you
accept?"
Company B replies, "We promise to accept your offer if
we decide to purchase them."
Why have the two companies failed to form a legally
binding contract?
A) Company A's offer is indefinite
2
,B) Company B's reply is a contract modification
C) Company A's letter conflicts with the parol-
evidence rule.
D) Company B's acceptance is illusory -
....ANSWER...Company B's acceptance is illusory
What is the role of the mediator in mediation?
A) Guiding the parties
B) Making an award
C) Conducting a hearing
D) Arguing for a result - ....ANSWER...Guiding the
parties
Which resolution is characteristic of arbitration?
A) A public decision
B) An advisory opinion
C) A provisional ruling
D) A private award - ....ANSWER...A public decision
What is within the power of a mediator?
3
, A) Determining the importance of disputed issues
4
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