Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Earthquake stewart the owner of abc construction

22/10/2021 Client: muhammad11 Deadline: 2 Day

BUSINESS LAW-ASSESSMENT

Content
Assistive Technology Tips [opens in new window]
Test Information
Instructions
Description
Instructions Assessment Instructions
Multiple Attempts Not allowed. This test can only be taken once.
Force Completion This test can be saved and resumed later.
Expand Question Completion Status:
1Question Incomplete 2Question Incomplete 3Question Incomplete 4Question Incomplete 5Question Incomplete 6Question Incomplete 7Question Incomplete 8Question Incomplete 9Question Incomplete 10Question Incomplete 11Question Incomplete 12Question Incomplete 13Question Incomplete 14Question Incomplete 15Question Incomplete 16Question Incomplete 17Question Incomplete 18Question Incomplete 19Question Incomplete 20Question Incomplete 21Question Incomplete 22Question Incomplete 23Question Incomplete 24Question Incomplete 25Question Incomplete
Question 1

Marcy's mother, Sue, did not want her to date until she was older. She also wanted Marcy to attend law school. Just before Marcy started her freshman year in college, Sue told Marcy that if Marcy would refrain from dating until she received her law degree, then Sue would pay off all of Marcy's school loans and throw in an extra $50,000. Marcy agreed and stated, "Thanks, Mom; when I graduate, I'm throwing you a big party for all you have done for me!" Sue smiles and hugs Marcy. Marcy finished law school and asked for payment of her loans, the $50,000 in cash, and for a car. Sue said, "No way—I know you went out on some dates during law school, and I never agreed on the car." Marcy said those were just study nights and that her mother had never objected to Marcy's frequent statements that she wanted a car upon graduation. Sue asks about the party. Marcy tells her that she is nuts because there is no way Marcy can afford a party since Sue has backed out of the deal. After some serious negotiation, Marcy and Sue settled their dispute with Sue agreeing to pay for half of Marcy's school loans and for all of the expenses of Marcy's upcoming wedding; Sue also agreed to forget about Marcy throwing a party for her. Was there sufficient consideration to support Marcy's agreement to throw a party for Sue?

Yes, sufficient consideration was present.

No, there was insufficient consideration because Sue did not promise anything in exchange.

No, there was insufficient consideration because Marcy's agreement was illusory.

No, because throwing a party is not of a monetary value such as to constitute consideration.

No, because close relatives are involved.

4 points

Question 2

Bill contracts with Judy to wash her car and then delegates the duty to Paul. Paul fails to wash the car. Which of the following is true regarding Bill's duty to Judy, if any?

Bill has no duty to Judy so long as she did not expressly object to the delegation.

Bill has no duty to Judy regardless of whether she objected to the delegation.

Bill continues to be bound to Judy to see that her car gets washed.

Bill continues to be bound to Judy to see that her car gets washed only if the contract expressly prohibited delegation.

Bill continues to be bound to Judy to see that her car gets washed unless he already paid Paul for the job.

4 points

Question 3
Which of the following occurs when a party to a contract transfers his or her rights to a contract to a third party?
assignment
referral
disgorgement
privity
transfer
4 points

Question 4

Stewart, the owner of ABC Construction, agreed with Joan, the owner of XYZ Hotel, that he would complete renovations on her upscale hotel on the beach in Florida by October 1. The amount due to Stewart under the contract was $250,000. The contract contained a clause by which Stewart would pay Joan $50,000 for each day he was late on completing the project. Unfortunately, an unexpected earthquake shook the area, and while the earthquake did not damage the hotel itself, Stewart encountered significant difficulty in getting supplies due to the high demand for building material following the earthquake. Because he believed that traveling himself to other states to obtain supplies would be prohibitively expensive, he delayed the project for two weeks while waiting for local stores to have sufficient supplies available. Stewart finished renovations six days late. Joan told Stewart that she owed him nothing but that he owed her $50,000. Stewart told Joan that he was suing for the entire $250,000 because it was not his fault the earthquake delayed matters. Assuming the earthquake does not affect Stewart's liability for damages, which of the following is true regarding the provision that he will pay $50,000 for each day he is late?

It will be upheld based on freedom of contract.

It will be upheld because the penalty per day is less than one half of the amount due for the job.

It will be upheld as a stipulated amount.

It will be struck because parties are prohibited as a matter of law from specifying damages.

It will be struck as a penalty.

4 points

Question 5
Which of the following is an example of consideration?
A benefit to the promisor but not a detriment to the promisee
A detriment to the promisee but not a benefit to the promisor
A promise to do something, a benefit to the promisor, or a detriment to the promisee
An accepted offer
A valid counteroffer
4 points

Question 6
Which of the following would NOT be viewed as an example of consideration?
A promise to stay in a job until a particular project is completed
A promise to your football coach to refrain from riding your motorcycle during football season even though you love riding it
A promise to cook dinner for your roommate for the next six months
A promise to stop drinking alcohol during exam week
A promise to pay your employees as required by law
4 points

Question 7
The person who agrees to the terms of an offer by another party is called the __________.
offeree
offeror
agreeor
agree
inquirer
4 points

Question 8

Harry accepts Frank's offer to sell a used car for $2,000. At what point is there a binding contract?

When the agreement is made

When the money is paid

When the car is delivered

10 days after the car is delivered and approved

20 days after the car is delivered and approved

4 points

Question 9
Which of the following are the two most important primary sources of contract law?
Case law and the restatement of law
Case law and the Uniform Commercial Code
The Uniform Commercial Code and the Convention on Contracts for International Sales of Goods
Case law and the Convention on Contracts for International Sales of Goods
The Convention on Contracts for International Sales of Goods and the Restatement of the Law Second, Contracts
4 points

Question 10

For $300,000, Willis agrees to build a new home for Robert, who is very picky. Willis builds the home to Robert's specifications with one exception. The faucets and linoleum flooring in a powder room are not exactly what Robert specified. That was a mistake on Willis' part, but he had not intentionally failed to follow specifications. When Robert sees the powder room, he goes ballistic and tells Willis that he will not pay Willis anything for the house. It will take $300 to put in correct faucets and linoleum. Willis says that he is willing to pay $300 to put Robert in the position he would have been in had the correct faucets and linoleum been used, but that is all he is willing to pay. Which of the following is true regarding whether Willis breached the contract?

Willis did not breach the contract.

Willis materially breached the contract.

Willis substantially breached the contract.

Willis breached the contract, but the breach was not material.

Willis committed an anticipatory breach of the contract.

4 points

Question 11
In a bilateral contract, the consideration for each promise is __________.
a completed act
the beginning of action in acceptance, even if it is not complete
an acknowledgement
a return promise
an agreement
4 points

Question 12
George offers to sell Penelope a ring that George found in his yard. He and Penelope look at the ring and decide that they are not sure what it is. Penelope pays George $10 for the ring. The ring turns out to be a diamond worth much more than $10. George wants the ring back, and Penelope refuses. What is the most likely result?
The ring will be returned to George because of mutual mistake.
The ring will be returned to George because of unilateral mistake.
The ring will be returned to George because of equity.
The ring will remain with Penelope unless George can establish that she was negligent in not recognizing the ring's true value.
The ring will remain with Penelope because the parties contracted on the assumption that they did not know the value of the ring.
4 points

Question 13

Beverly decides to go on a great trip to Hawaii. She needs someone, however, to take care of her two dogs, Creaky and Toady, while she is gone. Creaky has hives, and Toady passes gas frequently because of a digestive problem. Beverly hires Frank three months in advance, and they reach a contractual arrangement whereby Frank will be paid $200 for keeping the dogs for two weeks. Frank comes over two months before Beverly is set to leave, takes one look at Creaky and Toady, and declares that the dogs are too creepy to be around. Beverly then hires Alice who agrees to care of Creaky and Toady. Two weeks before Beverly is set to leave, however, Alice calls and tells her that she just broke both of her legs in an automobile accident, sustained other injuries, and has been put on bed rest for two months. Finally, Beverly hires Betty to care for the dogs and heads off to Hawaii, where she has a great time. Unfortunately, when Beverly returns home, she finds that Betty fell in love with Creaky and Toady and has absconded with them. It was a month before Beverly was able to get a court order, which required the dogs to be returned. Which of the following is true regarding Frank's refusal to keep Creaky and Toady?

He committed an anticipatory repudiation.

He is not guilty of any breach because he gave Beverly sufficient warning that he was not willing to perform.

He is not guilty of any breach because of the frustration of purpose doctrine.

He is guilty of an immaterial breach because of the low value of the contract.

He is guilty of a nominal breach.

4 points

Question 14

Business law teacher, Debby, needed some yard work done. She told her class that she would give $50 to the first person who mowed her yard. Max went to mow Debby's yard. Unfortunately, just as he finished mowing, a neighborhood dog bit him, and he had to go to the emergency room for a couple of stitches. Debby refused to pay Max on the basis that the agreement was not in writing and that Max ended up being more trouble than he was worth. Max refused to pay the emergency room because he said that he did not have a binding, bilateral contract with Debby. Which of the following is an appropriate characterization of the agreement between Debby and Max?

They had a bilateral, express contract.

They had a bilateral, implied contract.

They had a bilateral and unilateral contract.

They had a unilateral contract.

They did not have any type of enforceable agreement.

4 points

Question 15
What are the elements of a binding contract?
Offer, acceptance, consideration, and assent
Acceptance, consideration, assent, and legal object
Agreement, offer, acceptance, and consideration
Agreement, consideration, contractual capacity, and assent
Agreement, consideration, contractual capacity, and legal object
4 points

Question 16
In Hamer v. Sidway, the New York Court of Appeals found that forbearance:
negates the enforceability of a contract.
is not mandatory for a contract to be binding.
is unconstitutional.
is sufficient consideration for a valid contract.
is insufficient consideration for a valid contract.
4 points

Question 17
If the plaintiff is seeking legal damages which would put him or her in the same position he or she would have been in had the contract been fully performed, he or she is suing for __________ damages.
equitable
compensatory
deserved
learned
punitive
4 points

Question 18
Which of the following is a measure of recovery when a quasi-contract is involved?
The amount set forth in the contract
The fair market value of the matter involved
The wholesale price of any good involved
The amount sought by the plaintiff in the complaint
Damages computed the same as they are computed for any other contract
4 points

Question 19
Which of the following are the two primary kinds of performance?
Partial and significant
Partial and complete
Partial and substantial
Complete and substantial
Complete and significant
4 points

Question 20
Distinguishing between unilateral and mutual mistakes is important because the classification bears on which contracts __________.
are void
are voidable
lack consideration
lack legality
none of these because mutual mistakes are not recognized in the area of contracts
4 points

Question 21

When a party's obligations under a contract are terminated, the party is said to be __________.

finished

terminated

completed

discharged

recoursed

4 points

Question 22
Constance asks Kathy if Kathy will sell her used business book for $50. What is the status of the negotiation?
No offer has been made.
An offer has been made, but it may be revoked.
An offer has been made that may not be revoked.
A contract has been entered into.
A contract has been entered into, but it may be set-aside at the option of either party.
4 points

Question 23
In a __________ contract, the offeror wants a performance to form the contract.
trilateral
bilateral
unilateral
complete
anticipatory
4 points

Question 24
Courtney, who does not keep up with the price of current technology, agrees to buy a used computer from Jake for $2,500. Later, Brice tells Courtney that she made a really bad deal and that she could get an even better new computer for no more than $1,000. Courtney tells Jake that she is not giving him any money because he was not fair with her. Which of the following is the most likely result if Jake sues Courtney alleging breach of contract?
Jake will win only if he can establish that Brice is wrong and that the deal was actually reasonable.
Jake will win because the court would not weigh whether a good bargain was made.
Courtney will win if she can establish that she paid at least 75% more than the computer was actually worth.
Courtney will win if she can establish that she paid at least 50% more than the computer was actually worth.
Courtney will win if she can establish that she made a bad deal and that truly she was not aware of current prices of computers.
4 points

Question 25
Consideration is defined as __________.
being cordial in the negotiation of contracts
refraining from unethical behavior in the negotiation of contracts
being both cordial and refraining from unethical behavior in the negotiation of contracts
a bargained-for exchange
a contract negotiated in person as opposed to by telephone or e-mail
4 points

Save and Submit
Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Innovative Writer
Solution Provider
Homework Guru
Homework Master
Accounting & Finance Specialist
A+GRADE HELPER
Writer Writer Name Offer Chat
Innovative Writer

ONLINE

Innovative Writer

I have done dissertations, thesis, reports related to these topics, and I cover all the CHAPTERS accordingly and provide proper updates on the project.

$43 Chat With Writer
Solution Provider

ONLINE

Solution Provider

As an experienced writer, I have extensive experience in business writing, report writing, business profile writing, writing business reports and business plans for my clients.

$22 Chat With Writer
Homework Guru

ONLINE

Homework Guru

I have worked on wide variety of research papers including; Analytical research paper, Argumentative research paper, Interpretative research, experimental research etc.

$41 Chat With Writer
Homework Master

ONLINE

Homework Master

I have read your project details and I can provide you QUALITY WORK within your given timeline and budget.

$29 Chat With Writer
Accounting & Finance Specialist

ONLINE

Accounting & Finance Specialist

As an experienced writer, I have extensive experience in business writing, report writing, business profile writing, writing business reports and business plans for my clients.

$39 Chat With Writer
A+GRADE HELPER

ONLINE

A+GRADE HELPER

I am a professional and experienced writer and I have written research reports, proposals, essays, thesis and dissertations on a variety of topics.

$23 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Accounting - College of law practice papers lexisnexis - Penta hexa hepta octa nona deca - Cpni approved security furniture - When was the basket of apples painted - 90 confidence interval z-score - I do solemnly declare wedding vows - Cava rewards levels - Week 6 Discussion - Ftse developed core infrastructure index - Three switches outside a windowless room - What size hole for 3 8 tap - +971561686603 Abortion pills in Dubai/Abu Dhabi-mifepristone & misoprostol in DUBAI - How to write a short formal report - Free cash flow stock valuation - Peter johnston police scanner - Teenage dirtbag patty walters - Bill gates leadership style examples - Influencing styles questionnaire - Economics - Advantages of system analysis and design - Hp rp5 model 5810 - Carlton gardens primary school - Countdown to mayweather fight - Six elements of geography - Case study on performance appraisal with questions and answers - Harmony mister doob - College Writing - Bobby jorgenson the things they carried - Cla2 - In a falling ball viscometer a steel ball - Dan gartrell theory and methods - Experiment 1 determining the chemical formula for copper gluconate - Internal alignment meaning - Hi question 10 only simple math question - Role and purpose of accounting information systems - Industrial security professional isp certification - Sight to the blind bitter belief - Which method of hacking an sql server uses tools such as sqlping and appdetective? - Cal g to kcal g - Pirate bay safe to use - A turbulent voyage readings in african american studies - Geo 3030 - 8982 pebble beach cir westminster ca 92683 - Religious Discrimination: Reasonable Accommodations Part 2 - Rise and fall of the roman empire essay - Sadayo fujisawa - Assignment 4' - Mirror ray diagram worksheet answers - Emergency lighting system uae - Positioning statement for virgin america - SOCW 6361 Week 11 Discussion 2 - Post Responses - Cis 6 - South african law based on alternative dispute resolution and summary of journal article - Shelly mack and the reunion band - Convert nutritional calories to calories - Essay Box Office Flop - Urinary system case study answers - Lavazza blue lb 4700 - La trobe referencing tool - Is walmart an international business - Fasting blood glucose levels for adults in mg 100ml - Michelangelo ceiling tiles nz - Constant multiple rule derivative - ESSAY - An iron boiler of mass 180 kg - Antimony arsenic aluminum selenium lyrics - 4-6 pages research critique paper - Titles office practice manual - Find the appropriate question for this answer i squished peter - Moodle coleg y cymoedd - Clinical Field Experience D: Fluency, Comprehension, and Vocabulary: I Do, We Do, You Do - Mary and kay inc a distributor of cosmetics throughout florida - Applications of nanotechnology ppt - Operational Excellence - Who were chaucer's two examples of humble christians - Groundwater sustainability and human development - 18 pentland road point lonsdale - Induction motor testing standards - In mrs tilscher's class carol ann duffy analysis - David sedaris me talk pretty one day summary - Frito lay assessment test answers - Case study - 3 things to be grateful for today - Importance of ritz carlton wow stories - S60ca family law act - Comparing historical fiction and reality - Analyzing sources on the indian removal act answer key - Trigonometric ratios of special angles worksheet - Liquor producer and distributor financial ratios - Nature checklist for authors - Dynamic and expressive techniques - Conputer Science - COM303 Week 8 FInal Exam - City of joondalup report graffiti - Psychology 11th edition wade tavris garry pdf - Letter from birmingham jail analysis paragraph by paragraph - Internal environment of an organization - Dr.Faustus by Christopher Marlowe - St timothy's community hall sheffield