LEG 100 Business Law Quiz 2

1. Buy here:
http://student.land/products.php?product=LEG-100-Busi
ness-Law-Quiz-2
Browse-wrap agreements are: Select one:
Ratification of a contract which is voidable for lack of capacity
All of the following are exceptions to the past consideration rule except: Select one:
On the first day of class, your professor passes around a blank sheet of paper claiming that she
had not yet received the official class roster. All 21 students in the room sign it. That night, she
types on the bottom of the roster sheet, "We, the above-signed parties, hereby promise to pay to
the order of professor, $50,000 on demand." A month later, when the class pools their money
and buys a winning lottery ticket worth $100,000, the professor presents the instrument and
demands her money. Which of the following statements is true?
Under the UCC's "battle of the forms":
A person lacking mental capacity must return the other party to status quo when
In an option contract
Compared with common law, the UCC: Select one:
People who regain their mental capacity: Select one:

2. Ted makes a deal with Ella to sell her his farm. They shake hands to "seal the deal," but do not
put the agreement in writing. The contract is:
John tells Sally he will sell her his car for $1,000. Sally agrees to buy the car on John's terms.
The contract between John and Sally is:
If an offeree dispatches both an acceptance and a rejection to an offer
The World Trade Organization (WTO) addresses intellectual property rights under the
Which of the following is not an element of fraud?
If an offer does not state a time for acceptance, it is:
The remedy for fraud includes all of the following except
On June 1, Fred sends Wilma an e-mail offering to build her a new garage for $20,000. In his
e-mail, Fred wrote, "acceptance by certified mail is advisable." On June 2 at 8 am, Fred sends
Wilma a certified letter attempting to revoke the offer. At 2 pm the same day, Wilma mails Fred a
letter via certified mail attempting to accept his offer. Under these circumstances:
Courts are unwilling to provide trademark protection to a term if it is: Select one:
Polly pays city councilwoman Smith $500 to show up for the weekly council meetings. Polly's
promise is:
Saying consideration must be bargained for means that: Select one:
Chuck Olson, aged 17, bought a used car from Bobby Duncan on September 15, 2006, agreeing
to pay Duncan $200 a month for 12 months. On October 6, 2006, Olson was involved in a wreck
that destroyed the car. On October 7, 2006, Olson told Duncan he wanted to disaffirm the

3. contract for the purchase of the car. Olson attained the age of majority on October 8, 2006. In
most states, if Duncan sues Olson, he will:
A subcontractor's bid: Select one:
Forbearance occurs when: Select one: