Business Law Multiple Choice

Business Law Multiple Choice

When you have completed your exam and reviewed your answers, click Submit Exam. Answers will not be recorded until you hit Submit Exam. If you need to exit before completing the exam, click Cancel Exam.

Questions 1 to 20: Select the best answer to each question. Note that a question and its answers may be split across a page break, so be sure that you have seen the entire question and all the answers before choosing an answer.

1. Charles orally promises Holly that he will marry her. He also states that if they ever get divorced, he will transfer one-half of his assets to Holly. They marry and divorce within a year. Which of the following is true of Charles’s promise to Holly? A. The promise isn’t legally enforceable unless Holly proves that the promise influenced her decision to marry him.

B. The promise isn’t legally enforceable because it wasn’t written.

C. The promise is legally enforceable only if it doesn’t involve the transfer of land.

D. The promise qualifies as an enforceable oral contract.

2. Coretta and Mary find a property to purchase. They sign a written agreement that states the agreed-on price, closing date, and items that are to stay in the house. They forget to include the washer and dryer in the agreement, but the seller tells them he will leave them if they want them. Right before closing, they walk through the property and find that the washer and dryer have been removed. They purchase the property and sue the seller for not leaving the washer and dryer. Coretta and Mary most likely A. won’t win based on the statute of frauds.

B. won’t win based on the statute of limitations.

C. won’t win based on the parol evidence rule.

D. will win based on the seller’s representation when they looked at the property.

3. Vega appoints Ancel, a real estate broker, to negotiate the sale of her home. The _______ rule requires that this agreement be in writing and signed to be enforceable. A. standard construction

B. equal dignities

C. parol evidence

D. best evidence

4. Star Software Systems and Henry orally agree for Henry to write special accounting software. This software usually takes three years to complete but can be finished sooner. Does Henry have an enforceable legal agreement with Star? A. Yes, the agreement is enforceable, but only to the extent of work Henry completes within the first year of the contract.

B. No, the agreement is unenforceable since the contract involves a tangible work product.

C. No, the agreement is unenforceable because Henry could possibly complete writing the software within a year.

D. Yes, the agreement is enforceable because Henry could possibly complete writing the software within a year.

5. Bella and Connie are struggling to find jobs. They decide they want to open a child daycare center

together. They see a house in the perfect neighborhood with a “For Sale by Owner.” They talk to the owner, reach an agreement, and shake hands. Just before the closing on the house, at which they’ll take ownership of the house, the owner decides not to sell to Bella and Connie. They tell the owner they’re going to sue him for breach of contract. Bella and Connie most likely A. will win because the owner breached his agreement to sell them the house.

B. will win because the owner shouldn’t have entered into a contract with them if he wasn’t sure he wanted to sell the house.

C. won’t win because they can find another house that will work just as well.

D. won’t win because they shouldn’t have entered into an oral contract to buy the house.

6. Tom and Zeke enter into a contract for Tom to paint Zeke’s house for $1,000. The contract doesn’t specify a time for performance by Tom. Six years later, Tom shows up with a bucket of paint, paints the house, and demands payment. Which of the following is true? A. The contract violates the statute of frauds.

B. Tom couldn’t have breached the contract because the contract didn’t specify a time for performance, and he did do the painting work.

C. Tom breached the contract because he didn’t perform within a reasonable time.

D. The contract was unenforceable because it didn’t specify a time for performance.

7. Which of the following is an example of discharge by impossibility? A. Jason agrees to paint Sheila’s house for $1,000. Sheila changes her mind and asks Jason not to paint. Jason agrees.

B. Jason agrees to paint Sheila’s house for $1,000. Before Jason can paint, Sheila’s house burns down.

C. Jason agrees to paint Sheila’s house for $1,000. Jason paints, but before Sheila pays him, she files bankruptcy. As a result, Jason doesn’t get paid.

D. Jason agrees to paint Sheila’s house for $1,000. Sheila later tells Jason that she won’t pay him. As a result, Jason decides not to paint.

8. Joe pays for his food at the drive-thru window as he receives it. The payment and the receipt of the food are _______ conditions. A. subsequent

B. precedent

C. spontaneous

D. concurrent

9. Time Zone sells Gary an iWatch for $4,000 by representing it as having a real gold case and watch band. Later, Gary finds that the iWatch case and band are just polished with gold coating; the watch could be bought in the local store for $100. Gary can sue Time Zone for _______ damages. A. consequential

B. nominal

C. speculative

D. exemplary

10. Claudia contracts with Friendly Paving Co. to install a new driveway. To pay for this work, Claudia transfers to Friendly Paving Co. her right to receive payment from Clifford for a loan she made to him. Friendly Paving Co. is now a/an A. donee beneficiary.

B. creditor beneficiary.

C. fiduciary.

D. executor.

11. Barb and Ned exchange e-mails in which Barb agrees to paint Ned’s house for $1,000. Which of the following statements is true? A. The contract is enforceable.

B. The contract is unenforceable due to the statute of frauds.

C. The contract can’t be enforced because there’s no handwritten signature.

D. The contract can’t be enforced because electronic contracts aren’t legally binding.

12. Under the _______ rule, courts generally accept into evidence only the original of a writing, not a copy. A. equal dignities

B. standard construction

C. parol evidence

D. best evidence

13. John, a highly skilled mechanic specializing in Jabooti motorcycles, agrees to repair Gladys’s Jabooti motorcycle. Yet when John becomes ill, he transfers that responsibility to Clark, a friend of his. The transfer to Clark is called a/an A. conveyance.

B. novation.

C. delegation.

D. assignment.

14. Warren agrees to paint Abby’s restaurant for $1,000. Warren fails to paint. Abby may be entitled to punitive damages if A. Warren doesn’t know how to paint, misrepresented himself as a painter, and never intended to paint.

B. the contract breached was both written and witnessed.

C. Abby has to pay substantially more than $1,000 for someone else to perform the job.

D. Abby loses profits as a result of the breach.

15. According to the _______ rule, whenever an ambiguous term, clause, or line is found in a prewritten contract, that ambiguity is interpreted against the party who wrote the contract. A. equal dignities

B. standard construction

C. parol evidence

D. best evidence

16. One name for a promise made by one party to pay another person’s debts, if that person fails to pay the debt, is A. collateral contract.

B. prenuptial agreement.

End of exam

C. signature requirement.

D. condition precedent.

17. Sagan is borrowing money from Big Bank. His friend Leda, who works for Graille Systems, signs the loan agreement, promising to pay the debt if Sagan doesn’t. In this scenario, _______ is the obligee and Sagan the obligor. A. Big Bank

B. Leda

C. Sagan

D. Graille Systems

18. A substitution, by mutual agreement, of a new party for one of the original parties to a contract is called a A. novation.

B. complete performance.

C. condition concurrent.

D. mutual rescission.

19. Under the _______ rule, the courts generally accept into evidence only the original of a writing, not a copy. A. original construction

B. parol evidence

C. best evidence

D. standard construction

20. Kevin, a world-renowned violinist, agrees to play at the reception for Jay’s wedding. Something comes up at the last minute, and Kevin delegates his duty to perform to Susan, a mediocre but professional violinist. This delegation is A. permissible if Kevin also assigns to Susan the right to be paid for playing.

B. permissible if Susan performs well.

C. permissible.

D. impermissible.

View this related post: Narcotics and Terrorist Organizations Connections.

Mypaperwriterspro.com

Order NOW to get 15% Discount!

Pages
{{total || ""}}

Why Choose Us

Top Quality and Well-Researched Papers

Keeping in mind your instructions and guidelines, our writers ensure to do extensive research before beginning to write. Unique and quality paper is our top priority.

Professional and Experienced Academic Writers

Our team of writers and editors have many years of experience in academic writing. They are native English speakers and able to handle any academic task with ease.

Free Unlimited Revisions

We offer free unlimited revision to our clients. Whenever you feel the need to revise your work submit to our able editors. Our editors will ensure that your paper will be revised to meet your guidelines.

Prompt Delivery and 100% Money-Back-Guarantee

As a team we work hard to ensure a timely delivery of your papers. All you need to do is specify the time frame that you want you paper be submitted. We will work round the clock to beat the deadline.

Original & Confidential

We value your confidentiality and all our payment method are secure. We also use high end writing tools to ensure that all papers delivered are unique.

Customer Support 24/7

Our customer support team are available 24/7 to accept your orders and queries. We are committed to provide you with the best customer experience.

What Our Paper Writing Service Guarantees

You do not have to worry on what to expect because at mypaperwriterspro.com we guarantee you;

High Quality Academic Papers

Our team of writers and editors is composed of people with diverse writing experiences. All of them have a Ph.D. They are all Ph.D. or M.A. graduates with extensive experience in academic and essay writing. We offer high-quality, original academic writing at an affordable cost.

Every order is written from scratch. We ensure that your papers conform to English conventions and the requirements of your discipline. To ensure originality, we also perform originality checks on all academic papers. Our success rate is 99% and many of our clients achieves their desired grades.

Zero-plagiarism policy

Mypaperwriterspro has a strict anti-plagiarism policy. To ensure that your paper is not flagged as plagiarism, we take extra precautions when writing it. Professional plagiarism detection software is used by our custom paper experts.

Privacy Policy

Mypaperwriterspro takes the privacy of clients' information very seriously. Mypaperwriterspro does not disclose any information about our transactions with third-party services. Nobody will ever know that you have hired our paper writing service to help with your paper.

Our website offers online security for our customers. Your passwords and personal information are protected and cannot be accessed by anyone else. Our customers are assured that their accounts will not be compromised by hackers. Learn more about the data that we store and how it is used in our privacy statement.

Free revision

When you order our paper service, you get unlimited free revisions and unlimited drafts. We will ensure that you submit flawless papers. Our paper help website allows you to request multiple revisions.

If the order form indicates that modifications or adjustments are required, only those should be made. These guidelines include, but are not limited to:

  • Revision instructions should not conflict with your original instructions.
  • You can request a modification before the purchase is approved. However, there is a 14-day grace period in which you can do this.
  • You should not extend your deadline by more than one day from the original deadline.
  • 24/7 Customer Support

    You can reach us by email, phone, and live chat. We are always interested in hearing from our customers. We welcome any feedback regarding our paper assistance service. Our customer service representatives are available 24/7, even on holidays and weekends. They can help you place orders, check the status of your order, answer questions, or simply provide information.

    Chat with your paper specialist via our live chat. Our professionals are available for unlimited chats. All your questions will be answered within minutes

    Money-back guarantee

    Do you still feel dissatisfied with your final paper? Don't worry. Mypaperwriterspro is committed to customer satisfaction.

    Although it is rare, you can request a partial or full refund if your final paper is not written to your satisfaction. Mypaperwriterspro views our money-back guarantee more as a right than a benefit.

    We believe that our clients deserve the best paper services available online. We offer a simple and straightforward refund process if you are not satisfied with the paper.

    Open chat
    You can now contact our live agent via Whatsapp via +1(954) 751-1024
    You will get free custom written paper ready for submission to your Blackboard