Question 14 4 4 points which of the following types

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EXAM II ONLINE - BUL2241

Question 11   4 / 4 points Collector Carl displays his beer can collection at the local swap meet . Mary sees the collection and is interested in buying it . Carl says he will sell the collection for $ 1,500 . Mary says she really likes the collection but is only willing to pay $ 1,000 . Which of the following is correct ?
 Mary 's counteroffer terminates Carl 's offer of $ 1,500 .
 If Carl rejects Mary 's counteroffer , she can still accept Carl 's offer of $ 1,500 .
 Neither offer is valid . Who would ever pay $ 1,000 or $ 1,500 for a beer can collection ?
 Mary 's offer is a firm offer . Carl has an exclusive right to consider her offer for a reasonable period of time .
Question 13   4 / 4 points Mike was previously adjudged to be mentally incompetent . His sister , Teresa , was appointed as his guardian . If Mike calls the Home Shopping Club and orders a 10 ­ carat diamond ring , giving a false credit card number which is a made­up number , the contract is :
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Question 14   4 / 4 points Which of the following types of contracts can not be either contradicted or supplemented by evidence of prior agreements or expressions ?
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Question 15   4 / 4 points M and E contracted to sell 500 music stands to Coda , Inc . M and E shipped the stands in accordance with the agreement . Coda paid for the stands as promised . The contract between M and E and Coda is discharged by :
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Question 16   4 / 4 points A promise by Derkin Restaurants to buy all of the produce it needs this next year at an established price from Elfredo 's Produce would be :
 an enforceable requirements contract .
 an enforceable output contract .
 an unenforceable , illusory contract .
 an unenforceable promise based on past consideration .
Question 17   4 / 4 points Barb has been a children 's day care provider for several years in the small town of Sallton . She has decided to give it all up and move to the big city for excitement and adventure . She sells her business to Ken , agreeing not to open a competing business within 25 miles of Sallton for a period of one year . After six months of the big city life , Barb is broke and moves back to Sallton . She opens a small day care business . Ken sues on the noncompete clause . What is the most likely result ?
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Question 18   4 / 4 points Marco agrees to sell Clowns R Us some balloons . The contract states that Clowns may buy as many balloons as it wishes . This agreement is :
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Question 21   4 / 4 points Angie , a minor , wants to avoid a contract she made with Cumberland Cycles . She may disaffirm the contract by :
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Question 22   4 / 4 points Abby dies , and her good friend , Claire is appointed to administer Abby 's estate . Abby 's house was in poor condition , so Claire orally hired a contractor to make repairs . Claire also orally promised that if the estate could not pay the repair bill , he would pay it even though he does not live in the house and has no entitlement under Abby 's estate . The estate does not pay the repair bill . Who can the contractor collect from , if anyone ?
 The contractor can collect from either the estate or Claire .
 The contractor can collect from the estate only .
 The contractor can collect from Claire only .
 The contractor must collect from the estate first , and then collect any deficiency from Claire .
Question 14 4 / 4 points Which of the following types of contracts cannot be either contradicted or supplemented by evidence of prior agreements or expressions?
Question 15 4 / 4 points M and E contracted to sell 500 music stands to Coda, Inc. M and E shipped the stands in accordance with the agreement. Coda paid for the stands as promised. The contract between M and E and Coda is discharged by:
Question 16 4 / 4 points A promise by Derkin Restaurants to buy all of the produce it needs this next year at an established price from Elfredo's Produce would be:
Question 17 4 / 4 points Barb has been a children's day care provider for several years in the small town of Sallton. She has decided to give it all up and move to the big city for excitement and adventure. She sells her business to Ken, agreeing not to open a competing business within 25 miles of Sallton for a period of one year. After six months of the big city life, Barb is broke and moves back to Sallton. She opens a small day care business. Ken sues on the noncompete clause. What is the most likely result? Ken wins. The agreement is enforceable. Barb wins. The agreement is denying her the right to do the only thing she knows how to do. Barb wins. The agreement is not enforceable because it is not ancillary to a legitimate bargain. Barb wins. The agreement is not reasonable as to time.
Question 18 4 / 4 points Marco agrees to sell Clowns R Us some balloons. The contract states that Clowns may buy as many balloons as it wishes. This agreement is:
Question 19 4 / 4 points Which of the following promises ordinarily must be in writing to be enforceable?
Question 20 4 / 4 points A nonparty to a contract may enforce the contract if the person is:
Question 21 4 / 4 points Angie, a minor, wants to avoid a contract she made with Cumberland Cycles. She may disaffirm the contract by: notifying Cumberland orally that she will not honor the agreement. filing a lawsuit to have a court formally cancel the contract. just refusing to perform her obligations under the contract. All of the answers are correct.

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