{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

1(1) - 1 CHAPTER10:CONTRACTSANDSALES: MC#2 Student 1...

Info icon This preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon
1. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question  MC #2   Which of the following is not  required for a valid UCC offer?    Student  Response Value Correct  Answer Feedback 1.  quantity      2.  payment  terms      3. both b and c 0%       4.  a, b, and c      5.  subject  matter      Score: 0/1    2. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question  TF #30   "Drive my car to Albuquerque, and I'll pay you $500," is not a valid offer.    Student  Response Value Correct  Answer Feedback 1.  False      2. True 0%       Score: 0/1    3. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question  TF #38
Image of page 1

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

View Full Document Right Arrow Icon
  UETA does not apply when there is an applicable statute of frauds.    Student  Response Value Correct  Answer Feedback 1. True 0%       2.  False      Score: 0/1    4. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question  MC #35   Day 1 - School teacher sends superintendent letter of resignation. Day 4 - Superintendent mails letter accepting resignation. Day 5 - School teacher hand delivers letter withdrawing resignation. Day 6 - Teacher receives superintendent’s letter.    Student  Response Value Correct  Answer Feedback 1.  The  resignation  offer was  revoked.      2.  The above  negotiations  are governed  by the UCC.      3.  The  resignation  was accepted  and the  withdrawal is  too late.      4. both a and b 0%       Score: 0/1    5. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question  TF #35
Image of page 2
  A contract must be in a formal writing to satisfy the statute of frauds.    Student  Response Value Correct  Answer Feedback 1.  False      2. True 0%       Score: 0/1    6. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question  TF #49   Under the revised and new UCC, a contract for the sale of a car for $700 need not have a  record of the contract to be enforceable.    Student  Response Value Correct  Answer Feedback 1.  True      2. False 0%       Score: 0/1    7. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question  TF #6   A merchant's firm offer requires consideration to be valid.    Student  Response Value Correct  Answer Feedback 1. True 0%       2.  False      Score: 0/1    8. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question  TF #32
Image of page 3

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

View Full Document Right Arrow Icon
  Flowing from the ESIGN legislation came the CISG enactment.    Student  Response Value Correct  Answer Feedback 1. True 0%       2.  False      Score: 0/1    9. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question  MC #1   Which of the following contract subject matters would not  be covered under the UCC? 
Image of page 4
Image of page 5
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