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Unformatted text preview: en one party has partially performed under a contract that is unenforceable. Points Earned: 0.0/1.0 Correct Answer(s): False 9. Consequential damages are foreseeable damages that arise from a partys breach of a contract. A) True B) False Points Earned: 1.0/1.0 Correct Answer(s): True 10. Specific performance is the usual remedy when one party has breached a contract for a sale of goods. A) True B) False Feedback: Damages is the usual on breach of contracts for sales of goods. To obtain specific performance, damages must not be an adequate remedy. If goods are unique, or a contract involves a sale of land, damages would not adequately compensate an innocent party for a breach of contract, so specific performance is available. Points Earned: 1.0/1.0 Correct Answer(s): False chapter 14 1. Alpha Corporation attempts to enter into shrink-wrap agreements with buyers of its products. A shrink-wrap agreement is an agreement whose terms are expressed A) in code at the end of a computer program. B) inside a box in which a product is packaged. Feedback: C) in small print at the end of a paper contract signed by both parties. D) on a computer screen. Points Earned: 1.0/1.0 Correct Answer(s): B 2. Beta, Inc., includes a shrink-wrap agreement with its products. A court would likely enforce this agreement if a buyer used the product A) after having had an opportunity to read the agreement. Feedback: B) before having had an opportunity to read the agreement. C) only after actually reading the agreement. D) none of these. Points Earned: 1.0/1.0 Correct Answer(s): A 3. Gamma Company agrees to sell software to Holly from Gammas Web site. To complete the deal, Holly clicks on a button that, with reference to certain terms, states, I agree. The parties have A) a binding contract that does not include the terms. B) a binding contract that includes only the terms to which Holly later agrees. C) a binding contract that includes the terms. Feedback: D) no contract. Poi...
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This note was uploaded on 12/01/2010 for the course BUSINESS L 100 taught by Professor Random during the Fall '10 term at Oklahoma City Community College.
- Fall '10