Reference no: EM131602746

BUSINESS LAW ASSIGNMENT

Question 1
Royal Hotel Inc. verbally orders 100 sets of sheets and pillowcases, each to be embroidered with the chain's coronet logo, for $1,000, from Textile Inc. Textile starts on the order and has completed 45 sets when Royal calls back and cancels the order. Which of the following is true?
There is no contract; Textile never accepted the offer.
The contract is unenforceable; it falls within the UCC Statute of Frauds.
The contract is fully enforceable; this is the part performance exception to the Statute of Frauds.
The contract is fully enforceable; this is the specially manufactured goods exception to the Statute of Frauds.

Question 2
Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, "I accept. Make sure you wash and wax the car before you bring it over." Which best describes the situation?
There is a contract; Daniel must wash and wax the car.
There is a contract, but Daniel does not have to wash and wax the car.
There is no contract; Jen made a counteroffer.
There is no contract unless Jen is willing to take an unwashed car.

Question 3
Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A widgets in stock, so it ships Alpha 100 Grade B widgets instead. Which of the following is true?
Beta has made a counteroffer.
Beta has accepted Alpha's offer.
Beta has breached.
Two of these

Question 4
Beta Inc. offers to buy 25 screwdrivers from Industrial Hardware for $75. Industrial responds, "We have the screwdrivers you wish to purchase, but the price is $80." Beta replies, "No, we can find them cheaper somewhere else." Industrial now responds, "We accept your offer of 25 screwdrivers for $75." Do they have a contract?
No, Industrial's counteroffer terminated Beta's offer.
No, Beta never made an offer since shipment terms were not included.
Yes, Beta made a firm offer.
Yes, Industrial was merely attempting to negotiate.

Question 5
Delta Inc. offers to sell Omega Corp. a packaging machine. Omega responds "We'll take it but only if there is a six-month warranty." Which of the following is true?
There is a contract, and Omega has a six-month warranty.
There is a contract, but Omega does not have a six-month warranty.
There is a contract unless the warranty term is a material change.
There is no contract.

Question 6
If an offeree attempts to add different terms in an acceptance, which conflict with what the offeror stated
the terms cancel each other out.
the offeror's terms govern the contract.
the offeree's terms govern the contract.
the offeree's terms govern the contract unless the offeror objects.

Question 7
Alpha Inc. offers to sell a factory building to Delta Corp for $300,000. The offer states that it is good until June 1. On May 22, the CEO of Alpha emails an officer at Delta, informing him that she is withdrawing the offer. Which of the following is true?
Alpha may not revoke because it is a merchant
Alpha may not revoke whether or not it is a merchant
Alpha may revoke unless the offer was in a signed writing
Alpha may revoke whether or not the offer was in a signed writing

Question 8
Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs, saying: "Cockroaches don't get that big! I'll pay $10,000 to anyone who can show me a six-inch cockroach." Will, a bug collector, overhears and promptly presents the landlord with his prize six-inch South American cockroach. The landlord refuses to pay, and Will sues. Which of the following best describes the situation?
There is no contract because the landlord never intended to make an offer.
There is no contract; a reasonable person wouldn't believe the landlord intended to pay.
There is no contract because Will did not have the power of acceptance.
There is definitely a contract.

Question 9
Quasi contracts
are not real contracts.
are the same thing as an implied contract.
seek to prevent unjust enrichment.
Two of these
All of these

Question 10
Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, "Hey, I definitely want to buy your car! I'll pick it up tomorrow, okay?" Which of the following best describes the situation?
There is a contract, because Breanna has accepted the offer.
There is no contract, because Breanna did not use a proper form of acceptance.
There is no contract, because Breanna made a counteroffer.
There is no contract, because Merlin never made an offer.