ETH-321T- Ethical And Legal Topics In Business Questions and Correct Answers (Rated 100%)
4 views 0 purchase
Course
ETH-321T- Ethical And Legal Topics In Business
Institution
ETH-321T- Ethical And Legal Topics In Business
ETH-321T- Ethical And Legal Topics In Business Questions and Correct Answers (Rated 100%)
Hannah has a contract dispute with Ralph over a sale of goods. Hannah wants to submit the contracts she has made with her other customers as evidence of her fair dealings. Which of the following is true? - An...
ETH-321T- Ethical And Legal Topics In Business Questions and Correct Answers (Rated 100%)
Hannah has a contract dispute with Ralph over a sale of goods. Hannah wants to submit the contracts
she has made with her other customers as evidence of her fair dealings. Which of the following is true? -
Answers Hannah cannot use other contracts to explain the terms of her contract with Ralph unless they
show a consistent industry or trade practice that is also consistent with Ralph's contract.
For the scenario, determine if the party is guilty and what is "at play" related to agreement between
parties.
Tyson gets his employees to sign an employment agreement which has extra contract obligations hidden
in small, almost invisible type. - Answers Guilty - Fraud in the execution
Which of the following would not qualify as valid consideration? - Answers Spencer and Linda sign a
contract where Linda buys all her lumber from Spencer and Spencer sells as much lumber to Linda each
week as he wants.
Based on the details of the scenario, determine what will most likely occur.
Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then makes the
pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell beaver pelts in the U.S. -
Answers Contract is voided
For the scenario, determine if the party is guilty and what is "at play" related to agreement between
parties.
Lucy agrees over the phone with Daryl to sell him "the pretty necklace in the window" in Lucy's pawn
shop. Lucy sends Daryl the wrong necklace from a different window. - Answers Not Guilty
Based on the details of the scenario, determine what will most likely occur.
Stewie, aged 16, has a contract with his guardian to do chores as payment for his food and housing.
Stewie decides the contract is unfair and stops doing his chores. - Answers Contract is valid
What is the most likely status of the contract for the scenario?
Laura, a 17-year-old, signs a contract with her neighbor to buy a car through monthly payments. Laura
loses her job the next week and can no longer make the payments. Laura's contract with her neighbor is
most likely: - Answers Voidable
, Based on the details of the scenario, determine what will most likely occur.
Melinda has a contract to pay 13% interest on a personal loan for 5 years. She decides the rate is unfair
and files a complaint in court. - Answers Contract will be modified
Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the
blank.
When a breach of contract results in no tangible harm to a non-breaching party, it can receive
__________ damages from the breaching party. - Answers Nominal
Match the status/existence of a contract with the scenario.
Larry posts on the internet that he is offering in-home interior design consultations and that interested
customers should schedule an appointment and pay a consultation fee on his website. Brenda sends in a
letter with a payment and a scheduled time for Larry to go to her house for a consultation. Which of the
following is most likely true? - Answers Contract not created
Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the
blank.
A party can receive __________ damages to restore itself to the position it would have been in if a
breach had not occurred. - Answers Compensatory
Yolanda and Mack are negotiating a contract deal for sale of goods. Yolanda offers Mack $2 per pound
for Mack's peanuts. Mack wants to sell them for $2.50. Under UCC, what happens when Mack asks for
the higher amount, assuming both parties are merchants? - Answers Mack's change of terms is
incorporated into the standing deal.
What is the most likely status of the contract for the scenario?
Jena is contracting with Brigham to purchase his car. Before the sale, a tree falls on Brigham's car,
ruining it. The contract is most likely: - Answers void
Read the scenario and determine what needs to take place based on the resolutions described in the
text.
Penn contracts with Lisa to do a landscape architecture project on Lisa's property. Before the contract
starts, a local city ordinance is instituted which severely limits citizens' ability to plant certain types and
numbers of plants in order to conserve water. Penn and Lisa now need to institute a(n) __________. -
Answers Substitution
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TutorJosh. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.39. You're not tied to anything after your purchase.
