UCC brown chap13 test bank

UCC brown chap13 - ch11 Student 1 Uncle Joe promises Mary a new car on her birthday This is a contract True 2 Urich agrees not to go duck hunting

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
ch11 Student: ___________________________________________________________________________ 1. Uncle Joe promises Mary a new car on her birthday. This is a contract. True False 2. Urich agrees not to go duck hunting if "Save the Ducks" pays him $100. This is forbearance on Urich's part. True False 3. Forbearance is not a detriment. True False 4. The law will not enforce an agreement that has not been bargained for. True False 5. Maria, who has a sick daughter, deeds her $25,000 house to a physician for $1,000 of medical treatment. This contract is unconscionable. True False 6. After the Industrial Revolution, courts no longer looked to see if the things exchanged in a contract were of equal value. True False 7. Consideration requires that the benefits and sacrifices promised between the parties be legal. True False 8. Promising not to sue is not forbearance. True False 9. Traditionally, a charitable pledge was enforceable as a contractual obligation. True False 10. A disputed amount is one on which the parties never reached mutual agreement. True False 11. Laura promises to pay Stuart "a reasonable amount" for repairing her car. Stuart sends Laura a $500 invoice and Laura sends Stuart a $350 check marked "payment in full". There is an accord and satisfaction created if Stuart cashes the check. True False
Background image of page 1

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

View Full DocumentRight Arrow Icon
True False 13. The UCC has eliminated the use of the seal in all sale-of-goods contracts. True False 14. Alan promises to pay a debt that was discharged in bankruptcy. This promise requires new consideration. True False 15. A bankrupt individual is required by law to repay his/her debts eventually to creditors. True False 16. Joseph pays $10 on a $100 debt he has owed since 1990. Joe has affirmed the debt. True False 17. Under the UCC, a written offer made by a merchant that allows acceptance at any time within a 90-day time period is not binding unless the offeree provides consideration. True False 18. ABC Co. promises to pay Sarah $1,000 for the "excellent work she has done in the past". When ABC does not pay, Sarah may sue and collect the $1,000. True False 19. A police officer solves a crime assigned to her by her police supervisor. She may collect a reward offered by the crime victim. True False 20. A promise by Fast Food Stop to buy all the frozen French fries that it "may desire" from Food Processors, Inc. is an illusory promise. True False 21. Talen promises to give Omar a birthday present. This promise is A. A contract B. A donation contract C. Not a contract D. A contract under promise 22. Alpha Insurance Co. pays Henry $2,500 in exchange for Henry's signing of a release. What party or parties has/have provided consideration? A. Alpha
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 06/13/2011 for the course ACC online taught by Professor Prof during the Spring '10 term at Seton Hall.

Page1 / 19

UCC brown chap13 - ch11 Student 1 Uncle Joe promises Mary a new car on her birthday This is a contract True 2 Urich agrees not to go duck hunting

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online