Test 2 Kyun att 4 - Question 1 2.5 out of 2.5 points Macro...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Question 1 2.5 out of 2.5 points Macro Corporation and Micro, Inc., enter into an agreement. To constitute a contract Answer Selected Answer: Question 2 2.5 out of 2.5 points An agreement includes an offer and an acceptance. Answer Selected Answer: Question 3 2.5 out of 2.5 points Federal Oil Company and Great Apartments, Inc., sign a contract in which Federal agrees to deliver heating oil in exchange for Great's promise to pay for it. Federal delivers the oil. The contract is Answer Selected Answer: Question 4 2.5 out of 2.5 points A contract is an agreement that can be enforced in court. Answer Selected Answer: Question 5 2.5 out of 2.5 points Scot and Tiffany enter into an implied-in-fact contract. The parties' conduct Answer
Background image of page 1

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

View Full DocumentRight Arrow Icon
Selected Answer: Question 6 2.5 out of 2.5 points A quasi contract is not an actual contract. Answer Selected Answer: Question 7 2.5 out of 2.5 points Informal contracts are usually based on substance rather than form. Answer Selected Answer: Question 8 2.5 out of 2.5 points In negotiations with Delta Distribution Company, Excel Trucking, Inc., insists that their contract be drafted according to certain plain language laws, which concern the phrasing of Answer Selected Answer: Question 9 2.5 out of 2.5 points Ordinary difficulties that could have been foreseen at the time a contract was formed do not justify a demand for additional compensation. Answer Selected Answer: Question 10 0 out of 2.5 points
Background image of page 2
Geof offers to sell his Honda for $10,000 to Ilsa, who says, "I'll pay no more than $5,000." Geof says, "Forget it. I changed my mind." Geof's offer was terminated by Answer Selected Answer: Question 11 2.5 out of 2.5 points Marco promises to pay his assistant Naomi $10,000 in consideration of the services she has provided over the years. Marco is
Background image of page 3

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

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 07/21/2011 for the course BUS 1302 taught by Professor Falcon during the Spring '11 term at University of Texas at Dallas, Richardson.

Page1 / 9

Test 2 Kyun att 4 - Question 1 2.5 out of 2.5 points Macro...

This preview shows document pages 1 - 4. Sign up to view the full document.

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