BLFf7Unit_3_Exam_chap_10_19

BLFf7Unit_3_Exam_chap_10_19 - Unit Three Exam: Chapters 10...

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Unit Three Exam: Chapters 10 through 19: October 31 Page 1 of 7 LAWS 3930, Business Law Fundamentals O'Hara © 2007 ____________________ PRINT NAME to be eligible to earn a quiz grade above zero. Name left blank and names in script earn a quiz grade of zero. ON THE ANSWER SHEET PRINT YOUR ANSWERS . Turn in both your question sheets and your answer sheet. Only one word is required for each answer, unless answer sheet notes otherwise. Present your student ID when turning in your exam materials. NOTE: Some words appear on this exam in different forms of the root word. For example, the same statement could be written in two different ways. [i] An appellate court reverses a trial court for a clear error of fact. [ii] The trial court is reversed when the appellate court finds that the trial court clearly has made an error of fact. In the exam format below those two sentences could appear using in the following format. [i] An appellate court reverses a trial court for a __[a]__ error of fact. [ii] The trial court is reversed when the appellate court finds that the trial court [a] has made an error of fact. The root word will not be altered when reused; unless its use is a negative (e.g., "unclear" would appear as " un [a]"). Any version of that word that is a correct answer at any use is acceptable . Quiz October 1: Chapters 10 and 11 A. A contract has four elements: the parties must reach an __[1]__ (i.e., offer and acceptance), __[2]__ (i.e., [26] for __[3]__ of legally sufficient __[4]_); contractual __[5]__; and legal subject matter. There are two defenses to a transaction that satisfies those four elements: the necessity of genuineness of __[6]__; and the necessity a specific __[7]__ (e.g., writing) for some types of contracts.
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Unit Three Exam: Chapters 10 through 19: October 31 Page 2 of 7 LAWS 3930, Business Law Fundamentals O'Hara © 2007 B. How a contract comes into existence varies. Some transactions are __[8]__ contracts wherein all of the terms of that contract are [24] by the parties' words: __[9]__ or written. Other transactions are __[10]__ contracts wherein all of the terms of that contract are [24] by the parties' __[11]__, words, and/or __[12]__. Still other transactions are quasi contracts which are not contracts, but instead are an __[13]__ remedy. C. The [1] of every contract must satisfy the __[14]__ __[15]__ Rule because the acceptance must match the offer. However, far from all contracts must satisfy the __[16]__ __[17]__ Rule because [16] [17] Rule only is relevant when the offerOR and offerEE are not dealing face-to-face. Quiz October 3:
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BLFf7Unit_3_Exam_chap_10_19 - Unit Three Exam: Chapters 10...

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