Homework Answers
Answer is C
firm offer is kept open for certain time period even though there would not be any consideration between the parities concerned to it.
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Question 32 (2 points) 32. Which of the following is true of a firm offer? A)...
Which of the following is not true regarding firm offers? Group of answer choices Firm offers...
Which of the following is not true regarding firm offers? Group of answer choices Firm offers must be in writing. Firm offers occur only between merchants. A firm offer automatically occurs when an offer or promise is made by one merchant to another. Firm offers do not require consideration for the offer to remain open.
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...
1. Which of the following is not considered personal property in legal terms? A) Intangible property...
1. Which of the following is not considered personal property in legal terms? A) Intangible property or chose in action B) A claim against someone that has value C) Intellectual property (ideas and creative work) D) Chattels E) A good affixed to real property Answer: : An option agreement is A) a contract transferring the fee simple to a new owner. B) a contract by which the offeror of property promises to hold his offer open for a period of...
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...
1. Which of the following requires a written contract to be enforceable? a)Jonah rents a luxury...
1. Which of the following requires a written contract to be enforceable? a)Jonah rents a luxury yacht for a month at a cost of $10,000. b)Philmont agrees to paint your house for $500 c) Stanton's pit bull has just had a litter, and he agrees to sell you a puppy for $500 when the pups are weaned from their mother d) Lindsay borrows $5,000 from Roberto to buy a car 2. Sharon has contracted with Craig to buy Craig's car....
31. Seller delivers goods to Buyer who agrees to pay the S5.000. Price in 60 days....
31. Seller delivers goods to Buyer who agrees to pay the S5.000. Price in 60 days. Selle following is false? a. Upon receipt of notice of the assignment, Buyer (the obligor) must pay Bank to b. Seller (the assignor) has no right to make further assignments or collect c. Seller is obligated to pay the assignee in the event the buyer fails to pay. d. After notice of the assignment, Bank (the assignee) can sue Buyer directly if Buye does...
1. Which of the following is true about a promissory estoppel? A) It is invoked in...
1. Which of the following is true about a promissory estoppel? A) It is invoked in cases having incompetent parties. B) It permits a court to order enforcement of a contract that lacks consideration. C) It allows for a party to claim goods that were never paid for. D) It is invoked in cases that involve a promissory note. 2. Which of the following is true for a minor under the infancy doctrine? A) A minor is bound to the...
answer all of them Question 17 (1 point) If a merchant gives a signed written promise...
answer all of them
Question 17 (1 point) If a merchant gives a signed written promise to keep an offer open for a specified time, he or she may not then revoke the offer during the time promised. True False Question 18 (1 point) In an advertisement, Arun, Inc. said that its chewing gum was sugar-free. Sjowana, who was allergic to sugar, relied on the advertisement and bought the gum. Sjowana had an adverse reaction to the gum and it...
Which of the following is true about a promissory estoppel? It is invoked in cases having...
Which of the following is true about a promissory estoppel? It is invoked in cases having incompetent parties. It permits a court to order enforcement of a contract that lacks consideration. C) It allows for a party to claim goods that were never paid for. D) It is invoked in cases that involve a promissory note. 2. Which of the following is true for a minor under the infancy doctrine? A) A minor is bound to the adult's decisions in...
In the sale of goods: tion 1 et answered ed out of ag question Select one:...
In the sale of goods: tion 1 et answered ed out of ag question Select one: o A. title and ownership are separate concepts. o B. ownership and possession are separate concepts. O C. a change in possession and a transfer of title are the same thing. D. the seller always has title when goods are paid for. E. the buyer always has title when goods are paid for. 2. answered out of 5 question If the contract doesn't say...
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...
1. Which of the following is not considered personal property in legal terms? A) Intangible property or chose in action B) A claim against someone that has value C) Intellectual property (ideas and creative work) D) Chattels E) A good affixed to real property Answer: : An option agreement is A) a contract transferring the fee simple to a new owner. B) a contract by which the offeror of property promises to hold his offer open for a period 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...
31. Seller delivers goods to Buyer who agrees to pay the S5.000. Price in 60 days. Selle following is false? a. Upon receipt of notice of the assignment, Buyer (the obligor) must pay Bank to b. Seller (the assignor) has no right to make further assignments or collect c. Seller is obligated to pay the assignee in the event the buyer fails to pay. d. After notice of the assignment, Bank (the assignee) can sue Buyer directly if Buye does...
1. Which of the following is true about a promissory estoppel? A) It is invoked in cases having incompetent parties. B) It permits a court to order enforcement of a contract that lacks consideration. C) It allows for a party to claim goods that were never paid for. D) It is invoked in cases that involve a promissory note. 2. Which of the following is true for a minor under the infancy doctrine? A) A minor is bound to the...
answer all of them
Question 17 (1 point) If a merchant gives a signed written promise to keep an offer open for a specified time, he or she may not then revoke the offer during the time promised. True False Question 18 (1 point) In an advertisement, Arun, Inc. said that its chewing gum was sugar-free. Sjowana, who was allergic to sugar, relied on the advertisement and bought the gum. Sjowana had an adverse reaction to the gum and it...
In the sale of goods: tion 1 et answered ed out of ag question Select one: o A. title and ownership are separate concepts. o B. ownership and possession are separate concepts. O C. a change in possession and a transfer of title are the same thing. D. the seller always has title when goods are paid for. E. the buyer always has title when goods are paid for. 2. answered out of 5 question If the contract doesn't say...
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