Review Test Submission: Quiz 2
Content
User
Course 201930 Summer 2019 BUSI 561-D04 LUO
Test Quiz 2
Started 7/17/19 6:46 AM
Submitted 7/17/19 7:55 AM
Due Date 7/21/19 11:59 PM
Status Completed
Attempt Score 54 out of 60 points
Time Elapsed 1 hour, 8 minutes out of 1 hour and 15 minutes
Instructions 75-minute time limit
20 true/false and multiple-choice questions
Open-book/open-notes
Do not hit the BACK button as this will lock
you out of the quiz.
The timer will continue if and when you
leave the quiz.
Results Displayed Submitted Answers
Question 1
3 out of 3 points
Punitive damage awards in Japan are common and often very large.
Selected
Answer:
Fals
e
Question 2
3 out of 3 points
A(n) _________ occur(s) when one person places another in fear or
apprehension of an immediate, offensive bodily contact.
Selected
Answer:
assa
ult
false
Question 3
3 out of 3 points
To be successful in an intentional tort, the plaintiff must show that the
defendant intended to harm the plaintiff.
Selected
Answer:
Fals
e
Question 4
3 out of 3 points
Which of the following refers to the extent to which, as a matter of policy,
a defendant may be held liable for the consequences of his actions?
Selected
Answer:
Proximate
cause.
Question 5
3 out of 3 points
Which is the most difficult part of establishing the defense of assumption
of the risk?
Selected
Answer:
Showing that the plaintiff assumed the risk of the actual
harm suffered.
Question 6
3 out of 3 points
Which of the following is true regarding when an offeree may reject an
offer?
Selected
Answer:
Regardless of how long an offeror states that an offer will be
held open, once the offeree rejects it, the offer is terminated.
Question 7
3 out of 3 points
The Uniform Commercial Code is federal law that was created by
Congress.
Selected
Answer:
Fals
e
Question 8
3 out of 3 points
Inez, wishing to sell a used business law book, calls Janice and tells her
that if she does not hear from her within twenty-four hours, she will
assume that Janice wishes to purchase the book for $50. After the
expiration of twenty-four hours, which of the following is correct regarding
the status of the proposed book sale?
Selected
Answer:
There is no contract because silence, as a general rule,
cannot be used to form a contract.
Question 9
3 out of 3 points
When would a court consider the adequacy of consideration?
Selected
Answer:
To verify that the sale of assets was not done to avoid
payment to creditors.
Question 10
0 out of 3 points
Garage sale. Richard, who is cleaning out his garage, offers to sell Dawn a
used computer for $200. Dawn replies that "I'll think about it and buy it if I
decide to do so." Richard also calls Denise and offers to give Denise a
used business law book. She is excited to receive the book and tells him
that she will pick it up the next day. Richard also agrees to sell a
communications book for $50 to Jill who promises to pick it up the next
day. Meanwhile, Sam comes to visit, offers Richard $20 for the business
law book and Richard sells it to him. Sam also offers Richard $50 for the
used computer. Richard sells it to Sam because he does not expect to hear
from Dawn. Sam sees the communications book and offers Richard $60 for
it. Richard decides to forget about Jill and proceeds to sell the book to Sam
for $60. Denise is very angry because Richard did not save the book for
her and claims that he breached a contract because she had accepted his
offer. Jill is also angry because Richard sold the communications book and
informs him that he breached the contract he had with her. Exactly 31
days later, Dawn tells Richard that she would like the computer. She tells
him that her response constituted consideration in that it bound him to an
option contract and that he should have awaited her final decision.
Richard tells Sam that he needs to return everything for a full refund. Sam
refuses. Which of the following is true regarding Jill's claim that by selling
the communications book for a higher price, Richard breached the
contract he had with her?
Selected
Answer:
Jill is incorrect because her acceptance
was illusory.
Question 11
3 out of 3 points
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?
Selected
Answer:
Brice will win because the court would not weigh whether a
good bargain was made.
Question 12
3 out of 3 points
A minor may be given full legal capacity to enter into contracts when he or
she becomes _____.
Selected
Answer:
emancipa
ted
Question 13
3 out of 3 points
A contract of an intoxicated person for necessaries will be enforced for the
reasonable value of the necessaries.
Selected
Answer:
Tru
e
Question 14
3 out of 3 points
Beauty Shop Woes. When Janice went to work as a hair stylist in Rick's
beauty shop, she entered into an agreement with Rick, whereby, if she left
she would not work for another beauty shop within 50 miles for 2 years.
Rick trained Janice in a number of new techniques. After nine months,
Janice was offered a great job down the street at a new beauty shop, quit
Rick, and had a number of customers follow her down the street to her
new job. Rick claimed that she had signed a contract and had no right to
go to work at the new shop. Janice disagreed and told Rick that no judge
in the country would enforce such an agreement. Janice told Rick that she
was more worried about a customer, Treena, who was threatening to sue
her because her hair turned green after Janice worked on it. Janice agreed
that Treena's hair was damaged. Janice pointed out, however, that she told
Treena that odd results could result from a dye attempt, and she required
that Treena sign a contract releasing Janice from all liabilities before she
did anything with Treena's hair. Treena, however, sued anyway. The
agreement Rick and Janice entered into is referred to as which of the
following?
Selected
Answer:
A covenant not to
compete
Question 15
3 out of 3 points
Why did equitable remedies come into being?
Selected
Answer:
To fashion remedies when the existing laws did not provide
any adequate ones.
Question 16
3 out of 3 points
When an enforceable contract does not exist, the court may grant a
recovery based on quasi-contract in order to prevent an injustice from
occurring.
Selected
Answer:
Tru
e
Question 17
3 out of 3 points
If the plaintiff wants a court order that requires the defendant to fulfill the
terms of the contract, the plaintiff is seeking _______________________.
Selected
Answer:
specific
performance
Question 18
0 out of 3 points
In a destination contract who bears the risk of loss while the goods are in
transit?
Selected
Answer:
The
buyer
Question 19
3 out of 3 points
An insurable interest is the right to insure the goods against any risk
exposure such as damage or destruction.
Selected
Answer:
Tru
e
Question 20
3 out of 3 points
Used Car Problems. Marcy purchased a used car from ABC Motors. Six
months later the police seized the car from Marcy on the basis that it was
a stolen vehicle. Marcy asked for her money back from ABC Motors. The
manager there told her that the car was not stolen; that even if it were
stolen, ABC Motors acted in good faith with no knowledge of a theft; and
that, therefore, no refund was legally required. ABC Motors had also sold a
used car to Frank who wrote a bad check for the car and left town but not
before he sold the car to Betty who paid $1,100, a fair price for the car,
believing that Frank had all rights to sell it. ABC Motors asked Betty to
return the car, but she told ABC to forget it. What kind of title did Frank
have?
Selected
Answer:
Voidabl
e
Wednesday, July 17, 2019 7:55:13 AM EDT
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