Take Test: C18; DUE MAY 3 AT 11:59 PM – 201610-BUS 118 ...

Take Test: C18; DUE MAY 3 AT 11:59 PM – 201610-BUS 118...

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201 Content MODULE THREE, Chapters 12 - 20 Take Test: C18; DUE MAY 3 AT 11:59 PM H Take Test: C18; DUE MAY 3 AT 11:59 PM Test Information Description Instructions Multiple Attempts Not allowed. This test can only be taken once. Force Completion This test can be saved and resumed later. Question Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 Save All Answers Save All Answers Save and Submit Save and Submit The period that is measured to determine if a contract can be performed within a year begins when The o ff er is made The contract is formed Performance is scheduled to begin Performance actually begins. QUESTION 1 1 points Saved Son applied for a car loan from First Bank. First Bank would not approve the loan unless Dad QUESTION 2 1 points Saved ? ? My Institution Courses Community Oumar Sanogo
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agreed that he would pay the loan if First Bank's e ff orts to collect from Son were unsuccessful. The kind of liability Dad assumed in his contract with First Bank is Primary Secondary Prescriptive Constructive Dell, a farmer, has an agreement to lease 500 acres from Wood for 3 years. Must this agreement be in writing to be enforceable? Yes, it is an interest in land and it is for more than one year. Yes, all leases of farmland are governed by the Statute of Purposes and must be in writing. No, all leases of farmland over 500 acres are governed by the Statute of Repose and may be oral No, as soon as Dell plants crops a unilateral contract is formed that does not have to be in writing. QUESTION 3 1 points Saved Saved Under the Code, contracts for the sale of intangible personal property, such as patents and royalties, must be in writing if the amount exceeds__________. 500 1000 2500 5000 QUESTION 4 1 points Save Answer Save Answer Written contracts which the parties intend to be the final statements about some, but not all, of the terms of their agreement are called ______________contracts. Fully integrated Partially integrated Merged Provisional QUESTION 5 1 points Save Answer Save Answer Which of the following actions by a buyer is least likely to persuade a court to enforce an oral contract for the sale of land? Buyer pays seller the full purchase price Buyer pays part of the purchase price and takes possession of the property Buyer pays part of the purchase price, takes possession of the property, and makes valuable improvements. Buyer pays part of the purchase price, takes possession of the property, and makes property tax and mortgage payments. QUESTION 6 1 points Save Answer Save Answer
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Which of the following is classified as a sale of goods under the Uniform Commercial Code? The sale of a copyright to a publisher The sale of the owner's interest in a life estate. The sale of 100 acres of land. The sale of a 700 acre corn crop before the crop is harvested.
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