QUESTION 14 Which of the following is true for common law and the Uniform Commercial Code...
QUESTION 14
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Which of the following is true for common law and the Uniform Commercial Code (UCC)?
There is a vast difference between common law and the UCC on issues of duress.
Unlike the UCC, in common law, an offer can be revoked at any time prior to acceptance unless the offeror has given the offeree an option.
The UCC and common law require consideration to modify a contract.
The common law and the UCC have a Statute of Frauds.
Homework Answers
14. The common law and the UCC have a Statute of Frauds is true for common law and the Uniform Commercial Code (UCC). Whereas the remaining ones are false for common law and the Uniform Commercial Code (UCC).
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QUESTION 14
Which of the following is true for common law and the Uniform
Commercial Code...
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Contract law comes from case law, the Uniform Commercial Code and the United Nations Convention for the International Sale of Goods. True False 1 points QUESTION 10 An offeror in a contract is ________. a. the person who receives the offer b. a legal agent of a contracting party c. the person who gives consideration d. the person who makes an offer e. an inquirer
5. (True/False). Under the UCC, if certain contract terms, such as price or time of delivery...
5. (True/False). Under the UCC, if certain contract terms, such as price or time of delivery are left open, it is not acceptable to fill in these terms. 6. (True/False). The "mirror image rule" is a UCC principle which provides that the acceptance of an offer must be on identical terms to the offer. 7. This rule is a legal rule/concept that provides that the written sales contract is the final expression of the parties' agreement and neither party can...
A unilateral contract is formed when the offeror makes an offer to pay money for some service by the offeree the of...
A unilateral contract is formed when the offeror makes an offer to pay money for some service by the offeree the offeree performs an act requested by the offeror. the offeror solicits a promise of performance from the offeree the offeree promises to perform an act requested by the offror. b. A contract that is formed by the acts and conduct of the parties is called_ contract a. an implied-in-law b. an implied-in-fact express d. implicit C. Rocky was hired...
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Business Law Questions I need help on, not sure if the
first few are correct or not.
It is more of a Business Law Questions
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NAME True TRUE OR FALSE (2 Points Each) . In order to be legally valid, a contract must be in writing 2. A valid contract is one that meets all of the requirements of a enforceable contract. 3. An implied contract is formed by conduct nel 7 ....
I have the first 4 answered Im struggling on the last 6 2. True-False Questions: Each...
I have the first 4 answered Im struggling on the last 6
2. True-False Questions: Each question is worth one (1) point. (The Uniform Commercial Code is applicable to this question.) If the subject of a sale is goods, Article 2 of the UCC applies. The UCC requires that an agreement modifying a contract must be supported by new consideration to be binding. Under the UCC's Statute of Frauds, a writing must include all material terms except quantity An unconscionable...
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1. Which of the following statements is true? a. The serving of written questions, to be answered...
1. Which of the following statements is true? a. The serving of written questions, to be answered in writing by the opposing party, is known as interrogatories. b. A long-arm statute becomes applicable only in cases in which the court has been found not to have a venue. c. An attorney "cross-examines" a witness who has been called to establish the facts about his or her side of the case. d. If a demurrer entered by the defendant is sustained...
help me please 14. The defendant, Gray Communications, desired to have a tele! vision tower built....
help me please
14. The defendant, Gray Communications, desired to have a tele! vision tower built. After a number of negotiation sessions conducted by telephone between the defendant and the plain- tiff, Kline Iron, the parties allegedly reached an oral agree ment under which the plaintiff would build a tower for the defendant for a total price of $1,485,368. A few days later, the plaintiff sent a written document, referred to as a proposal for execution by the defendant. The...
25. An exculpatory clause is a contract clause which a places total responsibility for injury or...
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5. (True/False). Under the UCC, if certain contract terms, such as price or time of delivery are left open, it is not acceptable to fill in these terms. 6. (True/False). The "mirror image rule" is a UCC principle which provides that the acceptance of an offer must be on identical terms to the offer. 7. This rule is a legal rule/concept that provides that the written sales contract is the final expression of the parties' agreement and neither party can...
A unilateral contract is formed when the offeror makes an offer to pay money for some service by the offeree the offeree performs an act requested by the offeror. the offeror solicits a promise of performance from the offeree the offeree promises to perform an act requested by the offror. b. A contract that is formed by the acts and conduct of the parties is called_ contract a. an implied-in-law b. an implied-in-fact express d. implicit C. Rocky was hired...
Business Law Questions I need help on, not sure if the
first few are correct or not.
It is more of a Business Law Questions
These questions are either true or false.
NAME True TRUE OR FALSE (2 Points Each) . In order to be legally valid, a contract must be in writing 2. A valid contract is one that meets all of the requirements of a enforceable contract. 3. An implied contract is formed by conduct nel 7 ....
I have the first 4 answered Im struggling on the last 6
2. True-False Questions: Each question is worth one (1) point. (The Uniform Commercial Code is applicable to this question.) If the subject of a sale is goods, Article 2 of the UCC applies. The UCC requires that an agreement modifying a contract must be supported by new consideration to be binding. Under the UCC's Statute of Frauds, a writing must include all material terms except quantity An unconscionable...
help me please
14. The defendant, Gray Communications, desired to have a tele! vision tower built. After a number of negotiation sessions conducted by telephone between the defendant and the plain- tiff, Kline Iron, the parties allegedly reached an oral agree ment under which the plaintiff would build a tower for the defendant for a total price of $1,485,368. A few days later, the plaintiff sent a written document, referred to as a proposal for execution by the defendant. The...
25. An exculpatory clause is a contract clause which a places total responsibility for injury or damages to property on an insurance company excuses a party from liability for his or her own negligence is unconscionable because the UCC so provides Imits the time for collecting damages. 26. Won agreement is in part legal and in partiogal: a. the total agreement is vold b. the legal performance will be enforced provided that the illegal performance does not involve serious moral...
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