Exam 9: Nature of Traditional and E-Contracts

The federal common law of contracts is the most important common law source,with state common law relative to contracts filling in gaps in the federal common law.

(True/False)

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Question 21

In the early days of our nation's history,contracting was largely left up to the individual parties with little government regulation or oversight.

(True/False)

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Question 22

Which of the following is NOT needed in order to have a valid contract?

(Multiple Choice)

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Question 23

A 1-year lease for an apartment that is 12 pages long,printed,covers all details of the parties' obligations,and contains the dated signature of each party is a formal contract.

(True/False)

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Question 24

Which of the following are valid informal contracts?

(Multiple Choice)

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Question 25

Ron took his car to the muffler shop to have the left muffler of his dual exhaust system replaced.From the waiting room he sees that the worker is preparing to remove the right muffler.Ron says nothing,hoping that he'll get a free muffler for the right side.Discuss this situation.

(Essay)

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Question 26

Over time,most contracts are:

(Multiple Choice)

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Question 27

One requirement of an express contract is that it be in writing.

(True/False)

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Question 28

A contract may be enforceable by a court of law or equity.

(True/False)

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Question 29

An offer for a unilateral contract can always be revoked at any time prior to the offeree's completion of the requested act.

(True/False)

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Question 30

Two of the four basic contract requirements are agreement and signatures of the parties.

(True/False)

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Question 31

A contract remains executory as long as any party to the contract has not fully performed.

(True/False)

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Question 32

An offer for a unilateral contract cannot be accepted by a mere promise to perform.

(True/False)

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Question 33

Which of the following is true in a unilateral contract?

(Multiple Choice)

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Question 34

The Restatement of the Law of Contracts is the highest priority source of contract law.

(True/False)

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Question 35

Which of the following are two terms for concept or situation?

(Multiple Choice)

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Question 36

The objective theory of contracts is judged by the reasonable person standard.

(True/False)

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Question 37

The United Nations Convention on Contracts for the International Sale of Goods applies to any contract that involves a buyer and seller in different nations.

(True/False)

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Question 38

An offeree can form a contract by making a promise if the offer to form the contract is:

(Multiple Choice)

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Question 39

Under the objective theory of contracts,a contract could result from an offer made:

(Multiple Choice)

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Question 40

Showing 21 - 40 of 74

Exam 9: Nature of Traditional and E-Contracts

The federal common law of contracts is the most important common law source,with state common law relative to contracts filling in gaps in the federal common law.

In the early days of our nation's history,contracting was largely left up to the individual parties with little government regulation or oversight.

Which of the following is NOT needed in order to have a valid contract?

A 1-year lease for an apartment that is 12 pages long,printed,covers all details of the parties' obligations,and contains the dated signature of each party is a formal contract.

Which of the following are valid informal contracts?

Ron took his car to the muffler shop to have the left muffler of his dual exhaust system replaced.From the waiting room he sees that the worker is preparing to remove the right muffler.Ron says nothing,hoping that he'll get a free muffler for the right side.Discuss this situation.

Over time,most contracts are:

One requirement of an express contract is that it be in writing.

A contract may be enforceable by a court of law or equity.

An offer for a unilateral contract can always be revoked at any time prior to the offeree's completion of the requested act.

Two of the four basic contract requirements are agreement and signatures of the parties.

A contract remains executory as long as any party to the contract has not fully performed.

An offer for a unilateral contract cannot be accepted by a mere promise to perform.

Which of the following is true in a unilateral contract?

The Restatement of the Law of Contracts is the highest priority source of contract law.

Which of the following are two terms for concept or situation?

The objective theory of contracts is judged by the reasonable person standard.

The United Nations Convention on Contracts for the International Sale of Goods applies to any contract that involves a buyer and seller in different nations.

An offeree can form a contract by making a promise if the offer to form the contract is:

Under the objective theory of contracts,a contract could result from an offer made:

Legal Heritage and the Information Age

Court Systems and Jurisdiction

Judicial, Alternative, and Online Dispute Resolution

Constitutional Law for Business and E-Commerce

Intentional Torts and Negligence

Strict Liability and Product Liability

Intellectual Property and Cyber Piracy

Criminal Law and Cyber Crimes

Agreement

Consideration and Promissory Estoppel

Capacity and Legality

Genuineness of Assent and Undue Influence

Statute of Frauds and Equitable Exceptions

Third-Party Rights and Discharge

Remedies for Breach of Traditional and E-Contracts

Internet Law and E-Commerce

Formation of Sales and Lease Contracts

Title to Goods and Risk of Loss

Remedies for Breach of Sales and Lease Contracts

Sales and Lease Warranties

Creation of Negotiable Instruments

Transferability and Holder In Due Course

Liability,Defenses and Discharge

Checks, the Banking System, and E-Money

Creditor's and Debtor's Rights

Secured Transactions and Electronic Filing

Bankruptcy and Reorganization

Agency Formation and Termination

Liability of Principals, Agents, and Independent Contractors

Employment,Worker Protection,and Immigration Laws

Labor Law and Collective Bargaining

Equal Opportunity in Employment

Small Businesses, Entrepreneurs, and General Partnerships

Limited Partnerships and Limited Liability Limited Partnerships

Corporate Formation and Financing

Corporate Governance and the Sarbanes Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Companies and Limited Liability Partnerships

Franchises and Special Forms of Business

Investor Protection and Online Securities Transactions

Ethics and Social Responsibility of Business

Administrative Law and Regulatory Agencies

Consumer Protection and Product Safety

Environmental Protection and Global Warming

Antitrust Law and Unfair Trade Practices

Personal Property and Bailment

Real Property

Landlord Tenant Law and Land Use Regulation

Insurance

Accountants' Liability

Wills, Trusts, and Elder Law

Family Law

International and World Trade Law

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