Contract Questions

B an oral employment agreement for a term of 9 months

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Unformatted text preview: lly sufficient. 541. a. b. c. d. Which of the following transactions would be subject to Article 2 of the UCC? An employment contract An agreement to sell a house An agreement to paint someone’s garage An agreement to sell a television set 542. Which of the following will be legally binding despite lack of consideration? a. An employer’s promise to make a cash payment to a deceased employee’s family in recognition of the employee’s many years of service b. A promise to donate money to a charity on which the charity relied in incurring large expenditures c. A modification of a signed contract to purchase a parcel of land d. A merchant’s oral promise to keep an offer open for 60 days 543. Which of the following will be legally binding on all the parties despite the lack of consideration? a. A promise to donate money to a charity that was relied upon by the charity in incurring large expenditures. b. An oral employment agreement for a term of 9 months from the date the agreement wa...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.

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