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BUL3310 EXAM 3 QUESTIONS WITH ANSWERS REV ISED AND UPDATED!
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BUL3310 EXAM 3 QUESTIONS WITH ANSWERS REV ISED AND UPDATED! exemplary - Answer-What is another term for punitive damages? bilateral - Answer-Bob promised to pave Sue's driveway and Sue promised to pay him $5000 when the work was completed. The contract between Bob and Sue is a _________________...

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  • August 31, 2024
  • 16
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • bul3310 exam 3 questions with answers

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BUL3310 EXAM 3 QUESTIONS
WITH ANSWERS REV ISED AND
UPDATED!
exemplary - Answer-What is another term for punitive damages?

bilateral - Answer-Bob promised to pave Sue's driveway and Sue promised to pay him
$5000 when the work was completed. The contract between Bob and Sue is a
__________________contract.

mitigate - Answer-Plaintiff's duty to take steps to lessen the damages that result from a
defendant's breach of contract is the duty to ______________.

true - Answer-Another term for punitive damages is exemplary damages.

false - Answer-The purpose of compensatory damages is to punish the breaching party.

liquidated - Answer-Typically in construction contracts there will be a provision awarding
damages to the buyer at "X" amount of dollars per day for each day the builder is late in
completing the work. The parties to the contract agree upon this amount in advance
because they know the buyer will incur added costs, or will lose profits, because of the
delay. What type of damages are these contractually fixed payments?

true - Answer-Grace has a valid contract with Al to buy a desk once owned by James
Madison. Al now refuses to go through with the sale. Because the item is unique, Grace
can seek a decree of specific performance to enforce the contract.

true - Answer-A contract entered into by a minor is voidable at the option of the minor.

true - Answer-For promissory estoppel to be granted as a remedy, the promisor must
have known or expected that the promisee would rely on the promise.

false - Answer-Courts do not enforce output contracts as a matter of public policy.

a. Jim sells crabs to another buyer.
b. Jim buys crabs from other crabbers at 25 per bushel so that he can sell them to Bay
Crab at the contract price of 35 per bushel.
c. Bay Crab buys crabs from another crabber.
D. A AND B ARE BOTH BREACHES (CORRECT) - Answer-Bay Crab Processor has a
contract with Jim, a local crabber, to buy all the crabs Jim catches during the season for
35 per bushel. Which of the following actions would constitute a breach of the contract
between Bay Crab and Jim?

,example of an unliquidated debt - Answer-A bill sent to homeowner by contractor for an
additional 500 for cost overruns: owner claims he will pay only 250.

"I will go with you to the donkey basketball game if I can't think of anything better to do."
- Answer-Which of the following is an illusory promise?

false - Answer-In a bilateral contract, each party must gain a legal benefit, but only one
party need incur a legal detriment.

true - Answer-Giving up the right to do something that one is legally entitled to do can
serve as consideration in a contract.

new consideration - Answer-Under common law, modifications to existing contracts
require ___________to be enforceable.

false - Answer-Nominal consideration is another term for sham consideration.

No, federal law allows Kelly to treat the unsolicited book as a gift, and she may do
whatever she wants with it. - Answer-Kelly received a cookbook in the mail that she had
not ordered. The packing slip read: " Return this book to the publisher within 14 days or
send a check for 35 to the address below." Kelly did not return the book within the 14
days and she has not sent the money as requested. Is Kelly required to pay for the
cookbook?

unilateral - Answer-Mary left her iPad at a local restaurant and offered a reward for its
return. Mary made an offer to form a (n) _________________contract.

false - Answer-Contracts formed by the conduct of the parties, rather than expressed in
words, are implied-in-law contracts.

false - Answer-Quantum meruit refers to the compensation owed a party under an
express contract.

state common law - Answer-June was hired to be the store manager of Big Kahuna Surf
Shop in Ocean City. The law governing this employment contract is

false - Answer-Contracts in which both sides have completely performed their duties are
executory.

One of the parties has the option to set aside the contract. - Answer-Under which of the
following is a contract voidable?

The Uniform Commercial Code - Answer-John bought a dishwasher from Local
Appliance Store. What type of law governs the contract between John and Local?

, true - Answer-To meet the element of consideration, each party to a contract must gain
a legal benefit and incur a legal detriment.

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

false - Answer-Exemplary damages are also known as compensatory damages.

absolute privilege - Answer-Trial witnesses cannot be sued for defamation because the
testimony of witnesses in trial is protected by

negligence - Answer-Defendant's failure to do what a reasonable and prudent person
would do in his circumstances subjects him to liability for

A and B

a. A person has a loathsome disease


b. A doctor is unfit to practice medicine - Answer-Damages need not be proved in a
defamation suit if the defamatory statement claims that

Respondeat superior - Answer-The doctrine under which employers are liable for torts
committed by employees while they are acting within the scope of their employment
is___________.

Disparagement - Answer-Competitor wrongfully claims that one of the ingredients used
in the manufacture of Hungry Dog dog food contains melanine, which is poisonous to
animals. Competitor has committed the tort of____________.

false - Answer-To be liable for trespass to land a person must know that the property
belongs to another.

Compensate victims for their losses - Answer-What is the primary purpose of tort law?

The tort of invasion of the right to privacy - Answer-Protects individuals from the shame
and humiliation of having private aspects of their lives exposed to the public

true - Answer-Pure comparative negligence is the defense in negligence cases that
most favors the plaintiff.

false - Answer-Assumption of the risk is an element of negligence that must be proved
by the plaintiff.

true - Answer-A duty is a legal obligation imposed by law or voluntarily assumed by
promise.

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