Business Law

KnowledgeCheckWeek5.docx

Question 1 (1 point)

The Statute of Frauds requires that contracts for the sale of goods of $100 or more be in writing.

Question 1 options:

	A) True
	B) False

Question 2 (1 point)

If the University of Tennessee hires Carl to coach the football team and offers him a two-year contract, the contract must be in writing in order to be enforced.

Question 2 options:

	A) True
	B) False

Question 3 (1 point)

An incidental beneficiary to a contract does not have rights to sue if one of the parties to the contract breaches it.

Question 3 options:

	A) True
	B) False

Question 4 (1 point)

Personal services in a contract can usually be assigned

Question 4 options:

	A) True
	B) False

Question 5 (1 point)

Specific performance compels performance of the act promised in the contract if the contract can still be performed, and money cannot sufficiently compensate the plaintiff.

Question 5 options:

	A) True
	B) False