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UHD BA 3301 Final Review Exam Questions And 100% Correct Answers
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A legal defense renders a contract unenforceable, even though it has the necessaryelements of a valid contract. T/F - ANSWER True
UHD BA 3301 Final Review Exam Questions And
100% Correct Answers
Ally, a minor, purchases a car from a used-car dealer. The law allows minors the right to
cancel a contract until the time the minor turns 18. The contract between Ally and the
dealer is
a voidable contract.
a void contract.
a valid contract.
an unenforceable contract. - ANSWER a voidable contract.
A handyman, by mistake goes to the wrong house and cleans the gutters during the time
the owners were at work. Under the quasi-contract theory of unjust enrichment, the
owners will have to pay for it. T/F - ANSWER False
An offer of a reward, if it is fulfilled,
forms
a. a bilateral contract.
b. an express contract.
,c. a quasi-contract.
d. a unilateral contract. - ANSWER a unilateral contract.
Mike is walking through a parking lot and finds Kathy lying unconscious. He puts her in
his car and takes her to the hospital. The hospital saves her life, and when she becomes
conscious it presents her with a bill.
Which of the following is true?
A. Mike must pay because he brought her to the hospital.
B. Kathy must pay under a unilateral contract.
C. Kathy must pay under a quasi-contract.
D. None of the above.
Kathy must pay under a contract implied in law. - ANSWER Kathy must pay on a
quasi-contract.
Only written contracts can be enforced by the courts. T/F - ANSWER False
An agreement is an illusory promise and will not be enforced by the courts when the
offeror is not actually obligated by his or her general promise. T/F - ANSWER T
Any agreement of two or more minds whereby mutual assent is given to do or not to do
something. T/F - ANSWER False
ABC Land Co. is negotiating the sale of an office building to Mega Co. Which laws will
govern the contract for the sale of the building?
State statutory law based on the Uniform Commercial Code.
,State common law.
Hybrid laws.
The Uniform Commercial Code. - ANSWER State common law.
Specific performance is almost always available when a real estate contract for the sale
of land is involved. T/F - ANSWER True
Specific performance is almost always available when a real estate contract for the sale
of land is involved. T/F - ANSWER False
Harry sees an AK-47 automatic assault rifle in the window of a gun shop. He inquires as
to the price and is told the rifle is $2,500. Harry agrees to pay the $2,500 on Friday when
he will take possession of the rifle by signing a contract to that effect. On Thursday a law
is passed that makes the ownership sale and possession of an automatic rifle illegal.
This contract
is enforceable and not affected by the new law because it was entered into before the
law took effect.
automatically terminates due to impossibility.
automatically terminates due to frustration of purpose.
automatically terminates due to impracticability. - ANSWER automatically terminates
due to impossibility.
In which of the following scenarios would enforcement of specific performance be
appropriate?
, You order a current-model, name-brand television from a department store, and within
days the store breaches by not ordering it from the manufacturer.
You order 3 gallons of white ceiling paint from a local store, and the store breaches by
not delivering or making available to you the 3 gallons.
Your bookstore agrees to order a textbook for you but then breaches its contract with
you by canceling the order the next day.
You own the pistol used by Hamilton and contract to buy the pistol used by Burr in the
Hamilton-Burr duel to complete your set, but despite the contract the Burr pistol owner
refuses at the last minute to sell. - ANSWER You own the pistol used by Hamilton and
contract to buy the pistol used by Burr in the Hamilton-Burr duel to complete your set,
but despite the contract the Burr pistol owner refuses to sell at the last minute.
Specific performance is almost always available when a real estate contract for the sale
of land is involved. T/F - ANSWER True
Burt and Mel have entered into a contract where Burt is to lay a concrete driveway onto
Mel's property. If Burt gives the task of laying the driveway to Chuck and Chuck does a
poor job, Mel may sue Burt for damages. T/F - ANSWER True
Beth has just signed a contract to work for a bank. A clause in the contract says that
before she begins work, she must pass a drug test and should drug use be discovered,
the contract becomes void. This clause would be a
concurrent condition.
nothing of consequence since Beth has already signed the contract.
condition subsequent.
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