Strayer Legal 100 Quiz 5 week 6 with 100% Correct Answers

| March 14, 2016

Course Business Law I

Test Week 6 Quiz

Instructions This quiz consist of 20 multiple choice questions. The first 10 questions cover the material in Chapter 7. The second 10 questions cover the material in Chapter 8. Be sure you are in the correct Chapter when you take the quiz.

Question 1

Which of the following are damages that give the plaintiff the benefit of its bargain, putting the plaintiff in the case position it would have been in if the contract had been fulfilled?

Question 2

A _________ contract is a promise given in exchange for another promise.

Question 3

Which of the following is true regarding acceptance?

Question 4

Which of the following is not an element of promissory estoppel?

Question 5

A third party beneficiary is someone who is not

Question 6

If the promisee entered into the contract in order to discharge a duty he or she owed the third party, then the third party is a(n) ________ beneficiary.

Question 7

Which of the following are damages that compensate the plaintiff for any expenditures it made in reliance on a contract that was subsequently breached?

Question 8

A contract entered into by a minor is

Question 9

An offer can be terminated by __________.

Question 10

Conditions ________ occur when the mutual duties of performance are to take place simultaneously.

Question 11

Kiera and Ben entered into a contract whereby Ben would clean Kiera’s house once a week for eighteen months for $75 per week in a state that has adopted the Uniform Electronic Transactions Act. The transaction was done electronically, and both Kiera and Ben signed through the use of an electronic signature. Unfortunately, problems resulted when Ben failed to show up as scheduled. Ben told Kiera that the contract was not good because his signature was done electronically. Kiera told him that he was wrong and that he needs to get up to date with the modern age. Which of the following is correct regarding the dispute?

Question 12

Which of the following is an example a statement made by a salesperson that would be considered “puffing”?

Question 13

What are items of personal property that are attached to real property and cannot be removed without substantial damage called?

Question 14

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

Question 15

Which of the following will not allow a consumer to recover under a breach of warranty?

Question 16

If a buyer wrongfully cancels a contract under the UCC, the seller may not recover

Question 17

A contract is ________ if its terms are unduly harsh or oppressive or unreasonably favorable to one side.

Question 18

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

Question 19

Under the UCC, which statement is not true regarding a buyer’s right to reject nonconforming goods?

Question 20

A(n) ________ contract occurs when one party is induced to enter a contract on a “take it or leave it” basis.

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