Strayer Legal 100 Quiz 4

| August 31, 2016

Question
Strayer Legal 100 Quiz 4 with 100% Correct Answers

Question 1

Ann promises to give Carlos $50 if he promises to sell her a business law book. This is an example of a[n] ______ contract.

Question 2

Which of the following does not generally make a contract voidable?

Question 3

Liquidated damages are damages that

Question 4

________ damages compensate a party for losses that occur as a foreseeable result of the breach.

Question 5

Fraud in the ________ occurs when a party is persuaded to sign one document thinking that it is another.

Question 6

An agreement between two parties that provides that the seller will sell all of a product that he produces to the buyer is called a(n)

Question 7

Which of the following is not one of the basic elements for formation of a valid contract?

Question 8

A contract entered into by a minor is

Question 9

Under traditional common law, the acceptance must be the ________ of the offer.

Question 10

An agreement between two parties that provides that the buyer will buy all of a particular product from a particular seller is called a[n] ______.

Question 11

A license which places the license terms on the outside of a box containing software is referred to as which of the following?

Question 12

To which of the following does Article 2 of the UCC apply?

Question 13

According to the UCC, if no amount of time is specifically stated, a firm offer provided by a merchant must be kept open for a reasonable period of time, up to _____.

Question 14

To which of the following does the term “battle of the forms” refer?

Question 15

Under the UCC statute of frauds, which of the following terms must be in a writing order to satisfy the statute?

Question 16

Which of the following was the result in Richardson v. Union Carbide Industrial Gases, Inc., the case in the text involving the effect of contradictory terms in pre-printed forms?

Question 17

If a sales contract requires the seller to ship the goods by carrier and specifies the destination, the risk of loss passes to the buyer

Question 18

Which of the following is the essential consideration under the Uniform Electronic Transactions Act for determining the validity of an electronic signature?

Question 19

When the seller provides the buyer with a document enabling them to pick up goods held at an independent warehouse, the risk of loss passes to the buyer

Question 20

If a sales contract requires or authorizes the seller to ship goods by carrier, when does the risk of loss pass to the buyer if the contract does not require delivery at a particular destination?

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