Exam 9: Nature of Traditional and E-Contracts

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A ________ contract consists of an agreement between the parties,is supported by legally sufficient consideration,is between parties with contractual capacity,and accomplishes a lawful object.

(Multiple Choice)

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Question 21

What is required for a contract to be an express contract?

(Multiple Choice)

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Question 22

All express contracts must be in writing to be valid.

(True/False)

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Question 23

The equitable doctrine of quasi-contract allows a court to award monetary damages to a plaintiff for providing work or services to a defendant,provided that an actual contract existed between the parties.

(True/False)

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Question 24

Genuineness of assent means that the parties apparently agree to the contract.

(True/False)

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Question 25

In an action "in equity," the judge decides the equitable issue.

(True/False)

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Question 26

Which of the following is not needed in all cases in order to have a valid contract?

(Multiple Choice)

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Question 27

In order for the CISG to apply to an international sales contract:

(Multiple Choice)

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Question 28

What is the purpose of the Uniform Computer Information Transactions Act?

(Multiple Choice)

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Question 29

A voidable contract consists of an agreement between the parties,is supported by legally sufficient consideration,is between parties with contractual capacity,and accomplishes a lawful objective.

(True/False)

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Question 30

Negotiable instruments are special forms of contracts recognized by the Uniform Commercial Code.

(True/False)

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Question 31

As applied to a contract,the terms "bilateral" and "unilateral" are based on:

(Multiple Choice)

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Question 32

Amanda says to Josh,"I'll pay you $30 if you mow my lawn tomorrow." Josh says nothing.If Josh doesn't mow her lawn,Amanda can sue Josh for breach of contract.

(True/False)

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Question 33

Common law as a source of law for contracts:

(Multiple Choice)

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Question 34

Which of the following is true?

(Multiple Choice)

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Question 35

No act of performance is required to create a bilateral contract.

(True/False)

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Question 36

The original source of the Uniform Commercial Code was:

(Multiple Choice)

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Question 37

Jordan is a student at State College. She has been paying her tuition and fees under a payment plan and made her final payment on May 8^th. She has taken and passed her last final examination required for graduation on May 14^th. On May 21^stshe walked across the platform during graduation ceremonies. Her diploma was mailed to her on May 23^rd and she received it on May 25^th. When is Jordan's contract with State College considered executory?

(Multiple Choice)

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Question 38

A quasi-contract is also called an implied-in-fact contract.

(True/False)

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Question 39

Otto approaches Edie and says,"If you pick up my new suit for me at the mall tomorrow,I'll pay you $20." Edie replies,"I don't know if I'll have time to get it,but I'll see if I get a chance." As a result of this conversation:

(Multiple Choice)

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Question 40

Showing 21 - 40 of 154

Exam 9: Nature of Traditional and E-Contracts

A ________ contract consists of an agreement between the parties,is supported by legally sufficient consideration,is between parties with contractual capacity,and accomplishes a lawful object.

What is required for a contract to be an express contract?

All express contracts must be in writing to be valid.

The equitable doctrine of quasi-contract allows a court to award monetary damages to a plaintiff for providing work or services to a defendant,provided that an actual contract existed between the parties.

Genuineness of assent means that the parties apparently agree to the contract.

In an action "in equity," the judge decides the equitable issue.

Which of the following is not needed in all cases in order to have a valid contract?

In order for the CISG to apply to an international sales contract:

What is the purpose of the Uniform Computer Information Transactions Act?

A voidable contract consists of an agreement between the parties,is supported by legally sufficient consideration,is between parties with contractual capacity,and accomplishes a lawful objective.

Negotiable instruments are special forms of contracts recognized by the Uniform Commercial Code.

As applied to a contract,the terms "bilateral" and "unilateral" are based on:

Amanda says to Josh,"I'll pay you $30 if you mow my lawn tomorrow." Josh says nothing.If Josh doesn't mow her lawn,Amanda can sue Josh for breach of contract.

Common law as a source of law for contracts:

Which of the following is true?

No act of performance is required to create a bilateral contract.

The original source of the Uniform Commercial Code was:

A quasi-contract is also called an implied-in-fact contract.

Otto approaches Edie and says,"If you pick up my new suit for me at the mall tomorrow,I'll pay you $20." Edie replies,"I don't know if I'll have time to get it,but I'll see if I get a chance." As a result of this conversation:

Legal Heritage and the Information Age

Constitutional Law for Business and E-Commerce

Courts and Jurisdiction

Judicial, Alternative, Administrative, and E-Dispute Resolution

Torts and Strict Liability

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Ethics and Social Responsibility of Business

Agreement and Consideration

Capacity and Legality

Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

Digital Law and E-Commerce

Formation of Sales, Lease, and E-Contracts

Performance of Sales, Leases and E-Contracts

Remedies for Breach of Sales and Lease Contracts

Warranties and Product Liability

Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

Banking System, E-Money, and Financial Reform

Credit and Secured Transactions

Bankruptcy and Reorganization

Agency Law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Company and Limited Liability Partnership

Franchise and Special Forms of Business

Investor Protection,E-Securities Transactions,and Wall Street Reform

Antitrust Law

Consumer Safety, Consumer Financial Protection, and Environmental Protection

Labor, Worker Protection, Employment, and Immigration Law

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

Real Property, Landlord-Tenant Law, and Land Use Regulation

Family Law, Wills, and Trusts

Accountants' Liability

International and World Trade Law

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