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BSN 420 quiz 10 questions
$ 25.00

(TCO 4) Cody and Debora enter into an oral contract under which Cody agrees to work on Debora's ranch for not less than ten days. This contract is enforceable by _____. (Points : 2)       

Question 2. (TCO 4) Which of the following constitute a mutual mistake of a material fact? (Points : 2)

Question 3. (TCO 4) Reel Graphics, Inc. agrees to assume a debt of Suave Marketing Company to Town Credit Union. This promise is for Reel's benefit. To be enforceable, the promise _______ (Points : 2)

Question 4. (TCO 4) Timber, Inc., and Wood Corporation enter into an oral contract for the sale of a lumber mill and the land on which it is situated from Timber to Wood. Under the Statute of Frauds, this contract is enforceable by _____ (Points : 2)

Question 5. (TCO 4) Fitch agrees to assume Gandy's debt to Hybrid Seed Corporation. Fitch does not get any personal benefit for the agreement. To be enforceable, the promise _____ (Points : 2)

Question 6. (TCO 4) Development Associates (DA) agrees to buy five acres of land from Eastside Properties for $15,000. Eastside sells the acreage to Fealty Realty, and fails to go through with DA's deal on the agreed date, when the market price of the land is $17,000. DA may recover _____ (Points : 2)

Question 7. (TCO 4) Mikayla enters into a contract with Logan to provide surface material for Mikayla's tennis courts by April 1 for a tournament to begin May 1. The contract specifies an amount to be paid if the contract is breached. This is a liquidated damages clause if the amount is _____ (Points : 2)

Question 8. (TCO 4) Flo agrees to work as Gary's personal accountant for one year but dies in the sixth month of the contract. Flo's estate _____ (Points : 2)

Question 9. (TCO 4) Lou and Mira want to rescind their contract under which Lou sold an MP3 player to Mira for $50. To rescind the contract _____ (Points : 2)

Question 10. (TCO 4) Dobry Die & Mold, Inc. enters into a contract with Chet's Refitting Service to fix Dobry's precisely engineered molding equipment. If Chet's delays the repair for five days, knowing that Dobry will lose a certain percentage of profit for the delay, Dobry might be awarded consequential damages to _____ (Points : 2)

From Business, General Business Due on: 30 Jul, 2016 01:47:55 Asked on: 30 Jul, 2016 01:48:32
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