14 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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NR275.BUS.241.35.SP11 - ([Spring 2011] BUS 241-35: Business Law I) Assignments ... Module 4 Practice Test Review Test Submission: Module 4 Practice Test Review Test Submission: Module 4 Practice Test User Kristen M Ritch Submitted 3/5/11 5:15 PM Name Module 4 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 10 seconds out of 2 hours and Instructions Question 1 If goods identified to a contract are destroyed through no fault of either party, both parties are excused from performance. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 2 According to the court in Case 16.1, Maple Farms, Inc. v. City School District of Elmira , the defense of commercial impracticability will not excuse the performance of a contractual obligation when there is an increase in the seller's costs while the contract is in force Selected Answer: [None Given] Correct Answer: unless the increase in the seller's costs was not foreseeable at the time the contract was formed. 0 out of 2 points Question 3 If a lessee wrongfully refuses to accept goods that conform to a contract, the lessor must tender substitute goods. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 4 Citrus Groves contracts with four food companies to sell its entire crop of oranges. When half of the crop is lost to an unexpected insect infestation, Citrus must Selected Answer: [None Given] Correct Answer: apportion its surviving crop fairly among its customers. 0 out of 2 points NR275.BUS.241.35.SP ([Spring 2011] BUS 241-35: Business Law I) Announcements Assignments Course Documents Discussion Board My Grades Communication Tools Resources
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Question 5 If a contract specifies a certain carrier, a substitution of a different carrier for any reason breaches the contract. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 6 If goods fail to conform to a contract in any way, the buyer or lessee must reject them. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 7 Double D Ranch and Esau enter into a contract on August 1 for the sale of 200 cattle. Esau cancels the contract ten days later. Double D is unable to sell the cattle to another buyer. Double D is entitled to Selected Answer: [None Given] Correct Answer: keep the cattle and recover the contract price from Esau. 0 out of 2 points Question 8 Ramblin' Country Stables contracts to buy 1,000 horseshoes from Blacksmith, Inc., for $1 per shoe. When the market price decreases to 50 cents per shoe, Ramblin' refuses to go through with the deal. Blacksmith can recover Selected Answer: [None Given] Correct Answer: $500. 0 out of 2 points
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This note was uploaded on 03/16/2011 for the course BUS 241 taught by Professor Green during the Spring '11 term at New River Community College.

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14 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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