Exam (elaborations)
Exam (elaborations) Business Law Business Law, ISBN: 9780199678655
Exam questions with answers for Business law. 100% pass guaranteed.
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
AcademiccoachDEPARTMENT EXAM TEST BANK
True/False
Indicate whether the sentence or statement is true or false.
1. _F The offeror is the party with the power to decide whether to create a contract.
2. T An offer made as a joke, where a reasonable person would conclude that it was made as a
joke, cannot result in a contract.
3. T The communication of an offer can be made by the offeror or the offeror's agent.
4. T Generally, advertisements, catalogs, price lists, etc. are not treated as offers.
5. _F A counteroffer is treated as both a revocation and a new offer.
6. T Consideration can consist of giving up a legal right.
7. _T A promise to act or to refrain from doing an act can serve as consideration.
8. F The mirror image rule permits the offeree's acceptance of a contract to vary from the offer.
9. F A person who delegates his contractual duties is fully relieved of any further duty to perform
under that contract.
10. _T When both parties to a contract are minors, either or both of them may avoid the contract.
11. _F A parent or parents who sign a contract on behalf of their minor child may disaffirm the
contract just as their child may.
12. F A party who makes a mistake about the value of the object of a contract is normally
permitted to avoid the contract.
13. _T A plaintiff must prove that he suffered actual injury to recover damages for fraud.
14. _F A party to a contract may delegate his rights arising from the contract to another person.
15. T The nonbreaching party normally may not recover punitive damages in a breach of contract
claim.
16. _F Expenses, such as those incurred to obtain performance from a source other than the
original contracting party, are called consequential damages.
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Academiccoach. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R68,03. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
52355 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now