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BUL 3130 TEST 1 QUESTIONS WITH VERIFIED ANSWERS

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BUL 3130 TEST 1 QUESTIONS WITH VERIFIED ANSWERS Which of the following is not an equitable remedy? - Answer-money damages Damages intended to punish a wrongdoer are called _____________. - Answer-punitive damages In which of the following situations would a delegation of contractual duties ...

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  • September 1, 2024
  • 12
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • bul 3130
  • BUL 3130
  • BUL 3130
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BUL 3130 TEST 1 QUESTIONS WITH
VERIFIED ANSWERS
Which of the following is not an equitable remedy? - Answer-money damages

Damages intended to punish a wrongdoer are called _____________. - Answer-punitive
damages

In which of the following situations would a delegation of contractual duties be allowed?
- Answer-a painter hired to paint a house

When a party has knowledge that either a complete or a partial breach will occur by the
other party and therefore refuses to perform, this is referred to as a(n)
_________________________________. - Answer-anticipatory repudiation

Steve is an avid bicyclist and sends in a $150 fee to participate in an across-the-state
ride in the Midwest. A week before the ride, he breaks his leg. Unless the contract
specifically provides for no refunds under any conditions, on what basis can Steve
receive a refund? - Answer-impossibility

When a party successfully sues for an equitable remedy for a breach of contract, that
party will not receive a monetary award. (t/f) - Answer-true

Nominal damages (e.g. damages in the amount of $1) are rarely awarded in contract
cases. (t/f) - Answer-true

Restitution is classified as an equitable remedy. (t/f) - Answer-false

Liquidated damages must be directly related to the breach of contract for which they are
compensating the non-breaching party and are not intended to be punitive. (t/f) -
Answer-true

Substantial performance will be found where there has been a breach that is not
material to the contract. (t/f) - Answer-true

The only state that has not adopted the Uniform Commercial code is ______________.
- Answer-Louisiana

Which of the following would not be considered tangible property? - Answer-a patent

If Continental Tires agrees to purchase all of the rubber that a particular Brazilian rubber
plantation can produce, this would be an example of a(n)
________________________________. - Answer-output contract

, In a shipping contract, the risk of loss passes to the buyer when
___________________. - Answer-the goods are delivered to the common carrier

The UCC will permit an incomplete or slightly ambiguous contract to be enforced by a
court using each of the following criteria except: - Answer-judicial determination of any
terms necessary to maintain fairness.

If a merchant sells goods to a buyer who is not a merchant, Article 2 of the UCC will not
apply. (t/f) - Answer-False

Some courts have determined that the inclusion of an arbitration clause as an additional
term in an acceptance as a means of dispute resolution constitutes a material alteration
of the offer in a merchant transaction. (t/f) - Answer-true

UCC gap fillers will not be used and are not applicable to contracts when the contract
clearly specifies a contract term or condition. (t/f) - Answer-true

Congress has written, published, and enacted the UCC to govern the sale of goods. (t/f)
- Answer-false

If the seller ships conforming goods, the buyer has a duty to accept them and may not
reject the goods. (t/f) - Answer-true

Jessica was caught shoplifting at a department store both by employees who witnessed
the act and by cameras in the store. The store's management may hold her as long as it
takes to get her to confess. (t/f) - Answer-false

Generally, tort law is governed by ___________________. - Answer-state common law

Assumption of risk is a defense to _______________. - Answer-negligence

One who commits a tort is called a ____________________. - Answer-tortfeasor

Which of the following is not a situation in which strict liability applies? - Answer-T.J.
manufactures cheap clothing that falls apart after minimal use.

The highest and most comprehensive duty owed by a landowner to a person on the
owner's property is owed to _______________. - Answer-an invitee

Jane runs a red light and hits Mark, who is crossing in the pedestrian crosswalk. If a
negligence suit is brought against Jane, it will be based on ___________________. -
Answer-negligence per se

A person cannot be guilty of negligence if he or she has no duty owed to the plaintiff.
(t/f) - Answer-true

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