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Commercial Law, Contracts Exam questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating
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Commercial Law, Contracts Exam questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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  • August 5, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • commercial law contracts exam questions and corre
  • commercial law contracts exam

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  • Commercial Construction
  • Commercial Construction

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Commercial Law, Contracts Exam
a demand for additional terms - ANS-What is a counteroffer

a future uncertain event that creates the duty to perform - ANS-a condition precedent is

after a reasonable time - ANS-if there is no time provision for acceptance, when does an offer
terminate

B - ANS-What is covered by the statute of frauds
A. a 300$ contract for the sale of pencils
B. A real estate mortgage
C. A 100$ VCR repair
D. A contract that can be performed within 120 days

contracts for the sale of goods - ANS-what type of transactions are governed by the uniform
commercial code

Courts generally only consider the contract terms - ANS-The four corners rule

Death or insanity of the offeror or the offeree
a counter offer by the offeree - ANS-an offer is terminated by

enforceable because there is consideration - ANS-in a good faith dispute on an amount owed, if
the parties agree to settle for Half the amount

False - ANS-True/False, consideration must be tangible

False - ANS-True/False, Contracts must be written to be enforceable

Go to college - ANS-Bubba makes a unilateral contract with Kim to pay for college. What must
Kim do to accept

Intentional
communicated
definite - ANS-an offer must be

intentional
communicated
definite - ANS-an acceptation must be

is a misrepresentation that is committed knowingly - ANS-Fraud

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