Day 27 Exam 3 Review - Fall 11 (for students)

Day 27 Exam 3 Review - Fall 11 (for students) - Exam Info...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon

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

View Full DocumentRight Arrow Icon

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

View Full DocumentRight Arrow Icon

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

View Full DocumentRight Arrow Icon

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

View Full DocumentRight Arrow Icon

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

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

Unformatted text preview: Exam Info • 47 multiple choice (2 points each) – Definition – Fact pattern / application Q’s (a few IRAC) • 6 matching (1 point each) • 5 extra credit questions (1 point each) • Exam covers: – Chapters 12 (the portion covered after Exam 2), 13, 14, 16 (small portion), 18, 20-22, small part of 23 Contracts entered into because of fraud are void because of the Statute of Frauds. T r u e F a l s e 31% 69% 1. True 2. False The general goal / measure of contract remedies: • To give the parties the “benefit of their bargain” • To put the non-breaching party into the position s/he would have been in had the contract been performed as promised. • Money damages are measured by the difference between the contract as promised (what they expected to get) versus the contract as performed (what they received) Which of the following meets the goal of contract remedies? S p e c i f i c p e r f o . . . R e s t i t u t i o n B o t h 19% 71% 10% 1. Specific performance 2. Restitution 3. Both A person injured by a defective product may have a cause of action for: B r e a c h o f w a r r . . . N e g l i g e n c e S t r i c t p r o d u c t . . . A l l o f t h e a b o . . . 1 a n d 3 o n l y 2% 12% 35% 47% 4% 1. Breach of warranty 2. Negligence 3. Strict product liability 4. All of the above 5. 1 and 3 only The focus in a strict liability case is on the reasonableness of the defendant’s behavior. The focus in a negligence case is on the product. T r u e F a l s e 50% 50% 1. True 2. False Privity (horizontal and vertical) is not required in a product liability case brought under strict liability. T r u e F a l s e 43% 57% 1. True 2. False Betty’s will grants her home to her neighbor Mary, so long as Mary doesn’t cut the old oak tree down. After Betty dies, Mary cuts the tree down. Betty’s daughter Amy decides not to take the property back because it needs too much work. Betty probably granted Mary: A f e e s i m p l e a b s o A f e e s i m p l e d e t e r m i n A f e e s i m p l e o n a c o n d A f u t u r e i n t e r e 1 6 % 6 % 5 9 % 1 8 % 1. A fee simple absolute 2. A fee simple determinable 3. A fee simple on a condition subsequent 4. A future interest “From A to B for B’s life, then to C” (Answer these in your head first …) • What does Charlie have while Bob is still alive?...
View Full Document

This note was uploaded on 03/07/2012 for the course GEN BUS 202 taught by Professor Parks during the Fall '11 term at Boise State.

Page1 / 35

Day 27 Exam 3 Review - Fall 11 (for students) - Exam Info...

This preview shows document pages 1 - 10. Sign up to view the full document.

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