section 2 - 1. CHAPTER 11: CONTRACTS AND SALES: PERFORMANCE...

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Unformatted text preview: 1. CHAPTER 11: CONTRACTS AND SALES: PERFORMANCE AND REMEDIES Question TF #9 (Points: 1) Fraud is misrepresentation with intent to mislead or deceive. 1. True 2. False Save Answer 2. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question TF #54 (Points: 1) Marc offers to sell his car to LaTonya for $15,000. LaTonya is the offeree. 1. False 2. True Save Answer 3. CHAPTER 11: CONTRACTS AND SALES: PERFORMANCE AND REMEDIES Question TF #59 (Points: 1) An assignment is the transfer of benefits under a contract. 1. True 2. False Save Answer 4. CHAPTER 11: CONTRACTS AND SALES: PERFORMANCE AND REMEDIES Question TF #50 (Points: 1) A bill of lading is a receipt for shipment issued by the seller. 1. True 2. False Save Answer 5. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question TF #53 (Points: 1) A contract for the sale of a $12.2 million Lear jet would be governed by common law because a document of title is involved. 1. True 2. False Save Answer 6. CHAPTER 11: CONTRACTS AND SALES: PERFORMANCE AND REMEDIES Question MC #10 (Points: 1) The seller of a dry cleaning business has agreed not to open another dry cleaning business for two years within a one-mile radius of the sold business. Such an agreement: 1. is void as unconscionable. 2. is void as against public policy. 3. is valid and enforceable. 4. is void as usurious. Save Answer 7. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question MC #27 (Points: 1) Which of the following contracts would not be governed by the UCC? 1. a contract for the purchase of an Arabian horse 2. a contract for dentures 3. a contract for the purchase of an ATR jet 4. a contract for the purchase of an oil painting for $550 5. All of the above are governed by the UCC. Save Answer 8. CHAPTER 11: CONTRACTS AND SALES: PERFORMANCE AND REMEDIES Question MC #13 (Points: 1) Undue influence requires the presence of: 1. a fiduciary relationship. 2. a lack of capacity in the contracting party. 3. none of the above 4. some threat or force. Save Answer 9. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question TF #44 (Points: 1) The above book contract must be in writing to be valid. 1. False 2. True Save Answer 10. CHAPTER 10: CONTRACTS AND SALES: INTRODUCTION AND FORMATION Question TF #41 (Points: 1) The new UCC accepts website communications as sufficient for a writing....
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section 2 - 1. CHAPTER 11: CONTRACTS AND SALES: PERFORMANCE...

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