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Business Law 2700 Final Questions and Answers
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Delia enters into, and fails to disaffirm soon after reaching the age of majority, a contract with Electronics Stores, Inc. (ESI). Later Delia attempts to disaffirm the contract. ESI files a suit against her. The court most likely consider the contract ratified if it is - ️️executed Jen que...

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  • November 11, 2024
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  • 2024/2025
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Business Law 2700 Final
Delia enters into, and fails to disaffirm soon after reaching the age of majority, a contract
with Electronics Stores, Inc. (ESI). Later Delia attempts to disaffirm the contract. ESI
files a suit against her. The court most likely consider the contract ratified if it is -
✔️✔️executed


Jen questions whether there is consideration for her contracts with Isaac to exchange
her catering services for his payment of a certain amount. To constitute consideration,
the value of whatever is exchanged must be - ✔️✔️legally sufficient

Royal Properties, Inc., mails a flyer to hundreds of firms, advertising a building for sale.
Standard Manufacturing Company responds by saying, "We accept your offer."
Between Royal and Standard, there is - ✔️✔️No contract

An expression of opinion--"your customers will like this"--is an offer. - ✔️✔️False

An advertisement--"this property for sale"--is an offer. - ✔️✔️False

An acceptance subject to new conditions implicitly rejects the offer. - ✔️✔️True

Under federal law, an electronic signature can be as valid as a signature on paper. -
✔️✔️True

A forum-section clause indicates the place for the resolution of a dispute arising under a
contract. - ✔️✔️True

Nate tells Opal, "I might sell the skis that I bought last fall since I haven't used them and
the skiing season is almost over." This is - ✔️✔️A statement of future intent

Interstate Coffee Brokers, Inc. (ICBI), offers to sell Java Roasters, Inc., fifty bags of
coffee beans. Java rejects the offer. The offer is - ✔️✔️terminated

Deb buys a song through eSongs, and online music vendor. Before completing the
purchase and downloading the song, Deb must agree to a provision not to make and
sell copies of the song. This provision is - ✔️✔️a click-on agreement

Flem, a user of GameCenter.com's Web site, can download gaming software for free if
he first clicks on "I accept" after viewing certain terms. This is - ✔️✔️a contract that
includes the terms

, In contrast law, "consideration" refers to the courtesy that one party shows another in
negotiating a deal. - ✔️✔️False

For consideration to have "legally sufficient value," it must consist of goods or money. -
✔️✔️False

Courts typically consider the adequacy of consideration. - ✔️✔️False

A contract that one party retains the exclusive right to cancel at any time is
unenforceable. - ✔️✔️True

A covenant not to sue is against public policy. - ✔️✔️False

Kelsey promises to pay Jon, her son, $15,000 if he obtains hes degree at Ivy University,
where he is currently in his second year. Jon graduates. Kelsey is - ✔️✔️required to
pay, because Jon obtained a degree at Ivy

Under a contract with Bucolic Farms, Argo Excavation, Inc., begins digging an
agricultural pond. In mid-project, Argo asks for $15,000 over the contract price, claiming
an increase in the "cost of doing business." Bucolic agrees but later refuses to pay.
Their agreement - ✔️✔️unenforceable because Argo's performance was a preexisting
duty

Cherry is injured in an accident cause by Bronco. Bronco agrees to pay Cherry $2,500 if
she agrees to release him from further liability. Cherry agrees. If Cherry's damages
ultimately exceed $2,500, she can - ✔️✔️not collect the balance from Bronco

Contractual capacity includes the financial ability to pay for the benefits of a contract. -
✔️✔️False

All contracts between adults and minors are void. - ✔️✔️False

Parents are always liable for the contracts made by their minor children. - ✔️✔️False

In an employment contract, a covenant not to compete can be enforceable. - ✔️✔️True

When a statute protects a certain class of people, a member of that class cannot
enforce an otherwise illegal contract. - ✔️✔️False

Dante enters into a contract with Rosalinda, who does not have contractual capacity.
Dante can enforce the contract if Rosalinda - ✔️✔️does not choose to avoid the
contract

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