LSB 3213 Exam 2 - Holden Questions and Correct Verified Answers Latest Version
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Course
LSB 3213
Institution
LSB 3213
Illegal contracts are
A) Void
B) Voidable
C) Unjust
D) A violation of the Uniform Commercial Code
A
In general, contracts for the sale of goods are governed by:
A) the Uniform Commercial Code.
B) state statutory law based on the Uniform Commercial Code.
C) state common law.
D) federal ...
D) No unless Caleb has already given her the money.
✓ A
Aimee and Claire both own their own bakeries in Edwardsville. They both
agree with each other to sell their cupcakes for $5.00. Is this contract
enforceable?
A) Yes because the promise to sell the cupcakes at $5.00 each by each
person is consideration.
B) No because it lacks mutual assent.
C) No as it is a restraint on trade which is against public policy.
D) Yes as long as the price is fair and does not take advantage of consumers.
✓ C
Karen offers to sing five songs at Meyer's wedding for $500.00. Meyer
responds that he will pay her $500.00, but he needs her to sing six songs.
Meyer's actions constitute
A) An acceptance
B) A substantial counter offer
C) A counter offer
Master01 | September, 2024/2025 | Latest update
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