WorkfileContents.docx Question 10 out of 1 pointsA letter of intent summarizes progress made during business negotiations,but more importantly, it creates a binding contract. Question 2 0 out of 1 points A valid contract can legally be voided by either party. Question 31 out of 1 pointsAlex promises to pay $100 to anyone who finds his lost watch. Kate finds and returns the watch to Alex after hearing of the reward money. Alex and Kate have an enforceable unilateral contract. Question 4 0 out of 1 points All oral contracts are quasi-contracts until they are completely executed. Question 5 0 out of 1 points An express contract: Question 60 out of 1 pointsCollector Carl displays his beer can collection at the local swap meet. Marysees the collection and is interested in buying it. Carl says he will sell the collection for $1,500. Mary says she really likes the collection but is only willing to pay $1,000. Which of the following is correct? Question 71 out of 1 pointsContracts for the sale of fabric, automobiles, computers, furniture, and paper clips would all be governed by Article 2 of the Uniform Commercial Code.
WorkfileContents.docx Question 80 out of 1 pointsContracts that do not arise from mutual agreement but are created by courts to avoid unjust enrichment are: Question 9 1 out of 1 points Courts may award damages called “quantum meruit”: Question 101 out of 1 pointsFloyd offers to sell his 1967 Ford Mustang convertible to Tim. Before they conclude their negotiations, Floyd dies. Which of the following is true?
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- Spring '14
- Business Negotiations