BL1-FE2010 - Business Law BADM 410 Final Exam 150 points...

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Business Law BADM 410 Final Exam 150 points Part I Multiple Choice 3 points each 1. Betty files a suit against Carl. Before going to trial, the parties meet, with their attorneys to represent them, to try to resolve their dispute without the involvement of a third party. This is a. arbitration. b. litigation. c. mediation. d. negotiation. 2. Consumer Goods, Inc., breaches its contract with Local Stores Company. Local Stores files a suit to recover compensatory damages, which are typically assessed a. only in contracts for the sale of goods valued in excess of $500. b. to compensate the nonbreaching party the loss of the bargain. c. to penalize a party for failing to carry out its contractual obligations. d. none of the above. 3. Helen contracts to sell her land to Mike on July 1. On June 30, Helen tells Mike that she will not go through with the deal. Mike files a suit against Helen. Mike can recover a. the difference between the contract price and the market price of the land only. b.
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This note was uploaded on 03/14/2010 for the course BUS 410 taught by Professor Olaughlin during the Winter '10 term at Colorado Technical University.

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BL1-FE2010 - Business Law BADM 410 Final Exam 150 points...

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