BUSN 420 Quiz Week 5
Score for this attempt: 20 out of 20
Question 1
pts
(TCO 5) USA Farms offers to sell Valu Bakeries, Inc., fifty bushels of wheat. Valu's
representative Wendy responds, "We agree to buy fifty bushels only if the wheat is Grade A
quality." Wendy's statement is
a breach of the parties' contract.
a counteroffer.
a fulfillment of the parties' contract.
an acceptance.
Chapter 18
Question 2
pts
(TCO 5) Equipt Rental Corporation and Family Custodial Service, Inc., are parties to an oral
agreement for a lease of goods with payments in excess of $10,000. They may satisfy the Statute
of Frauds by
mutually agreeing not to commit fraud.
restating the terms in a phone call.
setting out the terms in an e-mail.
shaking hands on the deal.
Chapter 18
Question 3
pts
, (TCO 5) Kimberly Inc., a jewelry store, and JKCent, a retailer, draft a contract that permits
JKCent to retail Kimberly’s jewelry in its stores. However, the parties discover a minor clerical
error six months into the contract and the court rewrites their contract. This is an instance of
_____.
restitution
rescission
injunction
reformation
Chapter 16
Question 4
pts
(TCO 5) Jessica wants to buy a laptop from the Tenn Computers website. Before confirming the
purchase, the website asks her to provide biometric identification using an electronic scanner.
This is an example of _____.
e-licensing
an e-signature
an exclusive license
cybersquatting
Chapter 17
Question 5
pts
(TCO 5) Bild-Rite, Inc., is a Colorado-based firm that does business with clients throughout
North America. Bild-Rite oversees construction projects, and buys and sells commercial
buildings, undeveloped land, and construction supplies and other goods. Bild-Rite has had to
deal with work-site theft and vandalism. With respect to these circumstances, the Uniform
Commercial Code (UCC) provides a framework for
Score for this attempt: 20 out of 20
Question 1
pts
(TCO 5) USA Farms offers to sell Valu Bakeries, Inc., fifty bushels of wheat. Valu's
representative Wendy responds, "We agree to buy fifty bushels only if the wheat is Grade A
quality." Wendy's statement is
a breach of the parties' contract.
a counteroffer.
a fulfillment of the parties' contract.
an acceptance.
Chapter 18
Question 2
pts
(TCO 5) Equipt Rental Corporation and Family Custodial Service, Inc., are parties to an oral
agreement for a lease of goods with payments in excess of $10,000. They may satisfy the Statute
of Frauds by
mutually agreeing not to commit fraud.
restating the terms in a phone call.
setting out the terms in an e-mail.
shaking hands on the deal.
Chapter 18
Question 3
pts
, (TCO 5) Kimberly Inc., a jewelry store, and JKCent, a retailer, draft a contract that permits
JKCent to retail Kimberly’s jewelry in its stores. However, the parties discover a minor clerical
error six months into the contract and the court rewrites their contract. This is an instance of
_____.
restitution
rescission
injunction
reformation
Chapter 16
Question 4
pts
(TCO 5) Jessica wants to buy a laptop from the Tenn Computers website. Before confirming the
purchase, the website asks her to provide biometric identification using an electronic scanner.
This is an example of _____.
e-licensing
an e-signature
an exclusive license
cybersquatting
Chapter 17
Question 5
pts
(TCO 5) Bild-Rite, Inc., is a Colorado-based firm that does business with clients throughout
North America. Bild-Rite oversees construction projects, and buys and sells commercial
buildings, undeveloped land, and construction supplies and other goods. Bild-Rite has had to
deal with work-site theft and vandalism. With respect to these circumstances, the Uniform
Commercial Code (UCC) provides a framework for
