Exam 12: Consideration

The Plaza Hotel contracts with EZ Lawn to have EZ mow the grass on the Plaza grounds for the next 10 years.However,there is a clause in the contract that states if the hotel chooses,the contract may be terminated provided Plaza pays EZ $2,000 on termination.Which of the following is correct?

(Multiple Choice)

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Question 41

Agreeing not to open a competing business could be consideration.

(True/False)

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Question 42

If Becky promises not to drink alcohol until she becomes a legal adult in exchange for Ben's promise of $1,000,the agreement is:

(Multiple Choice)

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Question 43

The UCC requires consideration for agreements modifying contracts for the sale of goods.

(True/False)

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Question 44

The Utah Court of Appeals in the Dementas v.Estate of Tallas case found:

(Multiple Choice)

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Question 45

An agreement in which a buyer agrees to buy all the goods produced by a manufacturer is known as:

(Multiple Choice)

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Question 46

Showing 41 - 46 of 46

Exam 12: Consideration

The Plaza Hotel contracts with EZ Lawn to have EZ mow the grass on the Plaza grounds for the next 10 years.However,there is a clause in the contract that states if the hotel chooses,the contract may be terminated provided Plaza pays EZ $2,000 on termination.Which of the following is correct?

Agreeing not to open a competing business could be consideration.

If Becky promises not to drink alcohol until she becomes a legal adult in exchange for Ben's promise of $1,000,the agreement is:

The UCC requires consideration for agreements modifying contracts for the sale of goods.

The Utah Court of Appeals in the Dementas v.Estate of Tallas case found:

An agreement in which a buyer agrees to buy all the goods produced by a manufacturer is known as:

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