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BUL 3310 Unit 6 Exam Questions and Answers 100% Guaranteed Success
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BUL 3310 Unit 6 Exam Questions and Answers 100% Guaranteed Success Sid Salesman sold Bea Buyer a used 2004 Camry for 8,000. The morning after the contract was signed, Sid called Bea to say that he had forgotten that the dealership would not let that Camry go for less than 9,000 so she would ha...

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  • December 21, 2024
  • 47
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • BUL 3310
  • BUL 3310

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BUL 3310 Unit 6 Exam Questions and

Answers 100% Guaranteed Success


Sid Salesman sold Bea Buyer a used 2004 Camry for 8,000. The morning

after the contract was signed, Sid called Bea to say that he had forgotten

that the dealership would not let that Camry go for less than 9,000 so she

would have to pay an additional 1,000 if she wanted the car. Is Bea liable

for the extra 1,000?



a. yes, this was a unilateral mistake of fact by Sid

b. no, this was a unilateral mistake of fact by Sid

c. yes, Sid has the defense of economic duress

d. yes, this was a bilateral mistake of fact - ✔✔b

Larry Lawyer entered into a contract to buy land from a client at well below

market value. The client was elderly and trusted Larry as his lawyer and

son of his best friend to be fair and give him good advice. Client can

rescind the contract based on



a. unilateral mistake of fact
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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

,b. unilateral mistake of value

c. undue influence

d. duress - ✔✔c

Goods which are required for maintaining life or health are classified as



a. res in chose

b. sustenance

c. necessaries

d. obligatories - ✔✔c

British Textile Manufacturer entered into a contract with Cotton Broker for

2,000 bales of cotton to be shipped from India to England on the ship

"Peerless, sailing from Bombay." The contract was silent about the

shipping date. Buyer expected the cotton to be shipped on the Peerless

that sailed from Bombay in October; seller expected to ship the cotton on

the Peerless that sailed from Bombay in December. By the time the second

ship arrived in England, buyer had found another supplier and refused to

accept the cotton. Does manufacturer have any defenses to the breach of

contract suit brought by Broker?



a. yes, there was economic duress

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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

,b. yes, there was a bilateral mistake of material fact

c. yes, there was a unilateral mistake of material fact

d. no, the buyer should have double checked the shipping date - ✔✔b

For which of the following purchases would a minor be liable to the seller

for the fair value of the goods?



a. medicine

b. insurance

c. car

d. an iPod - ✔✔a

Any person who occupies a position of trust and confidence in relation to

another person or his property is a trustee.



a. true

b. false - ✔✔b

Contracts entered into by alcoholics are void



a. true

b. false - ✔✔b



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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

, A seller who knows that his property has a defect not discoverable by the

buyer will be liable for fraudulent misrepresentation if he does not disclose

the defect



a. true

b. false - ✔✔a

Fraudulent misrepresentation can be the basis for the injured party to

rescind the contract



a. true

b. false - ✔✔a

If a minor ratifies a contract before the age of majority, he gives up the right

to avoid the contract



a. true

b. false - ✔✔b

Under the Code, goods are "tendered" when



a. the seller makes the goods available to the buyer and gives him notice

that they are available
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©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.

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