BUS LAWfinwww - Business Law FINAL EXAM This is a take-home...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Business Law FINAL EXAM This is a take-home exam. The exam is to be handed out on March 8, 2016 and returned on or before final exam time (March 15,2016). Please underline or bold-type important terms, laws and phrases. Each student must answer a total of four (4) question including E which is mandatory. Each student is to answer E and then choose 3 from A, B, C, D, F. Note: C is considered the least difficult question. A decent answer to each question should be at least one and a half type written page. Good luck. 100 points. A. Contracts John goes to the internet to purchase some computer software. John locates Ace Inc. Computer Software on the web site. Ace has the software John wants and John places the order by identifying himself and orders two types of software. Ace then sends John a letter of confirmation of his order over the internet. When the software arrives at John’s place, John refuses to accept delivery. John rejects the software because after placing the order, John found the same software at a cheaper price. Apply Article 2 of the Uniform Commercial Code. Note, remember to discuss the elements of Article 2. B. Contracts Erma, a merchant, receives a brochure from Ammco regarding some merchandise that is sold in Erma’s business. Erma then sends in a purchase order ordering 25 units of merchandise (which exceeds $500.00 in value). Ammco upon receipt of the order, sends a letter of confirmation Erma's order. The letter of confirmation contains additional information. The letter of confirmation sent by Ammco states that " the price did not include shipping and insurance costs and that the shipping costs and insurance cost would be added on to the total contract price". While the goods were in transit, the truck was hijacked and all the merchandise, including Erma’s order. What law is applicable to this transaction and why?
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern