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Exam (elaborations)

BUSA Final Exam Questions and Answers (Latest Update 2025)

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  • Course
  • BUSA Fin
  • Institution
  • BUSA Fin

BUSA Final Exam Questions and Answers (Latest Update 2025)

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  • October 14, 2024
  • 32
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUSA Fin
  • BUSA Fin
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Allivia
BUSA Final Exam Questions and Answers
(Latest Update 2025)
Greco promises to buy illegal copies of CDs and DVDs from
Fava, who promises to deliver on April 15. These promises are
most likely:



1. enforceable.

2. valid.

3. void.

4. voidable. - Correct Answer ✅ void



Phil enters into a written contract with Vacation Resorts, Inc.,
to work as a chef. Under the plain meaning rule, the meaning
of this contract must be determined by reference to:



1. any available evidence.

2. any relevant extrinsic evidence.

3. the face of the writing.

4. the later testimony of the parties. - Correct Answer ✅
the face of the writing.

,BUSA Final Exam Questions and Answers
(Latest Update 2025)
Scott and Tiffany enter into an implied-in-fact contract. The
parties' conduct:



1. defines the contract's terms.

2. finds the contract's facts.

3. terminates any unintended consequences.

4. undercuts any terms based on the facts. - Correct
Answer ✅ defines the contract's terms.



Expert Pavers, Inc., contracts with Fabricated Building
Corporation to repave Fabricated's parking lot for which
Fabricated agrees to pay. The requirements of this, and any
other, contract do not include:



1. consideration.

2. capacity.

3. legality.

4. practicality. - Correct Answer ✅ practicality.

,BUSA Final Exam Questions and Answers
(Latest Update 2025)
Avatar, Inc., and Bling Corporation sign a contract in which
Avatar agrees to deliver t-shirts emblazoned with video game
characters in exchange for Bling's promise to pay. Avatar
delivers. The contract is:



1. voidable.

2. executed.

3. executive.

4. executory. - Correct Answer ✅ executory.



Clay offers to pay Dot $50 for a golf lesson for Eula. They
agree to meet the day after tomorrow to exchange the cash
for the lesson. These parties have:



1. a bilateral contract.

2. a trilateral contract.

3. a unilateral contract.

4. no contract. - Correct Answer ✅ a bilateral contract.

, BUSA Final Exam Questions and Answers
(Latest Update 2025)
Employment Sources, Inc., enters into a contract with Fred. If
Fred is a minor, this contract is most likely:



1. enforceable.

2. unenforceable.

3. void.

4. voidable. - Correct Answer ✅ voidable.



On Monday, Neil tells Outdoor Landscaping, Inc., that he will
pay Outdoor $500 if a variety of tasks are completed by
Friday. On Wednesday, when Outdoor is more than half done
with the work, Neil says that he has changed his mind. These
parties had:



1. an expired contract when Neil said that he had changed his
mind.

2. a quasi contract when Neil said that he would pay for
certain work.

3. a unilateral contract as soon as Outdoor began to perform.

4. no contract. - Correct Answer ✅ a unilateral contract as
soon as Outdoor began to perform.

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