Exam 9: Nature of Traditional and E-Contracts

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What is the name of the act recently drafted by the National Conference of Commissioners on Uniform State Laws in response to the growth in business conducted over the Internet?

(Multiple Choice)

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Question 41

The Uniform Commercial Code is a source of contract law that has been adopted by only a minority of the states.

(True/False)

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Question 42

The original source of the Uniform Commercial Code was:

(Multiple Choice)

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Question 43

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

(Multiple Choice)

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Question 44

Jean says to Joan,"If you'll promise to feed my dog each day while I am out of town next week,I'll pay you $100." Joan replies,"I'll absolutely do that.I hope you have a nice trip." Joan then feeds the dog,after which Jean pays her.At what point did a contract come into existence?

(Multiple Choice)

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Question 45

A voidable contract is one that neither party can perform.

(True/False)

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Question 46

The Uniform Commercial Code was first drafted in:

(Multiple Choice)

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Question 47

Equity courts,whether separate or merged into law courts,can decide contract disputes.

(True/False)

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Question 48

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,which of the following is true?

(Multiple Choice)

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Question 49

The reasonable person standard is used to decide whether an express contract exists under the:

(Multiple Choice)

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Question 50

Under the objective theory of contracts it is possible that one can be in a contract against his/her will.What are the advantages of the objective theory of contract formation?

(Essay)

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Question 51

An implied-in-fact contract is one based on the conduct of the parties.

(True/False)

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Question 52

Mike and Ike agreed orally that Mike would tutor Ike in geology for $10 per hour for 3 hours.After Mike has done the 3 hours of tutoring,but before Ike pays him next week,this contract is:

(Multiple Choice)

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Question 53

Janet pulls her car into a line for a car wash.Janet says nothing and her car is washed by the employees there.Janet then refuses to pay for the car wash,stating that there is no contract.What would the results be in a lawsuit over this situation?

(Multiple Choice)

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Question 54

Which of the following best describes the Restatement of the Law of Contracts?

(Multiple Choice)

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Question 55

Frank says to Mary,"If you wash every window in my house today,I'll pay you $200.I don't care if you do it,but there is $200 in it for you if you do." Mary washes 12 of the 20 windows in Frank's house by 2: 00 p.m.At this point,which of the following is true?

(Multiple Choice)

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Question 56

When can an offer to form a unilateral contract be revoked?

(Multiple Choice)

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Question 57

Quasi-contracts and implied-in-law contracts are two terms for the same situation.

(True/False)

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Question 58

A contract is created regardless of the offer being accepted or not.

(True/False)

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Question 59

The terms "bilateral" and "unilateral" as applied to contracts are based on:

(Multiple Choice)

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Question 60

Showing 41 - 60 of 74

Exam 9: Nature of Traditional and E-Contracts

What is the name of the act recently drafted by the National Conference of Commissioners on Uniform State Laws in response to the growth in business conducted over the Internet?

The Uniform Commercial Code is a source of contract law that has been adopted by only a minority of the states.

The original source of the Uniform Commercial Code was:

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

Jean says to Joan,"If you'll promise to feed my dog each day while I am out of town next week,I'll pay you $100." Joan replies,"I'll absolutely do that.I hope you have a nice trip." Joan then feeds the dog,after which Jean pays her.At what point did a contract come into existence?

A voidable contract is one that neither party can perform.

The Uniform Commercial Code was first drafted in:

Equity courts,whether separate or merged into law courts,can decide contract disputes.

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,which of the following is true?

The reasonable person standard is used to decide whether an express contract exists under the:

Under the objective theory of contracts it is possible that one can be in a contract against his/her will.What are the advantages of the objective theory of contract formation?

An implied-in-fact contract is one based on the conduct of the parties.

Mike and Ike agreed orally that Mike would tutor Ike in geology for $10 per hour for 3 hours.After Mike has done the 3 hours of tutoring,but before Ike pays him next week,this contract is:

Janet pulls her car into a line for a car wash.Janet says nothing and her car is washed by the employees there.Janet then refuses to pay for the car wash,stating that there is no contract.What would the results be in a lawsuit over this situation?

Which of the following best describes the Restatement of the Law of Contracts?

Frank says to Mary,"If you wash every window in my house today,I'll pay you $200.I don't care if you do it,but there is $200 in it for you if you do." Mary washes 12 of the 20 windows in Frank's house by 2: 00 p.m.At this point,which of the following is true?

When can an offer to form a unilateral contract be revoked?

Quasi-contracts and implied-in-law contracts are two terms for the same situation.

A contract is created regardless of the offer being accepted or not.

The terms "bilateral" and "unilateral" as applied to contracts are based on:

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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