15 - 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 5:17 PM Name Module 4 Practice Test Status Completed Score 0 out of 100 points Time Elapsed 5 seconds out of 2 hours and Instructions Question 1 Fact Pattern 12-1 Internet Cafes, Inc., contracts to buy all of its requirements for coffee, at a minimum of 1 million pounds per year, from Java Corporation for six years. After three years, Internet tells Java that it plans to sell its company to Kwik Eateries, Inc. Kwik refuses to assure Java that it will continue Internet's contract. Refer to Fact Pattern 12-1. Kwik's refusal constitutes Selected Answer: [None Given] Correct Answer: a repudiation of the contract. 0 out of 2 points Question 2 Until the time for performance under a contract expires, the seller has a right to cure. Selected Answer: [None Given] Correct Answer: True 0 out of 2 points Question 3 Timber Mills Corporation and Ur-Choice Lumberyards enter into a contract for a sale of plywood. Under a destination contract, the seller must Selected Answer: [None Given] Correct Answer: deliver the goods to a particular destination. 0 out of 2 points Question 4 Phil and Kelsey enter into a contract for a sale of Harmonica, a dog. Phil pays the price, but Kelsey does not deliver. Phil can use specific performance as a remedy if Selected Answer: [None Given] 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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Correct Answer: Harmonica is unique. Question 5 Business Rental Corporation (BRC) and Cartage Trucking Company enter into a contract for a lease of ten hydraulic lifts. Under the perfect tender rule, BRC must ship or tender goods to the lessee that Selected Answer: [None Given] Correct Answer: exactly conform to the contract in every detail. 0 out of 2 points Question 6 An installment contract is breached if a buyer accepts any nonconforming goods. Selected Answer: [None Given] Correct Answer: False 0 out of 2 points Question 7 Craft Engineering, Inc., contracts for a sale of technical instruments to Detail Design Company. Before the date on which performance is due, Craft notifies Detail that it will not perform. This is Selected Answer: [None Given] Correct Answer: anticipatory repudiation. 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
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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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15 - NR275.BUS.241.35.SP11 - ( [Spring 2011] BUS 241-35:...

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