6/21/201 Quiz 2 (Module 3-4) (Remotely Proctored): BUS110-72929 Bus Law/Legal
9 Environment
BUS 110 Quiz 2 (Module 3-4) (Remotely Proctored)
Due Jun 23 at 11:59pm Points 25 Questions 25
Available Jun 17 at 12am - Jun 23 at 11:59pm 7 days Time Limit 60 Minutes
Instructions
Quiz 2 contains questions from Chapters 9-16.
Attempt
History
Attempt Time Score
LATEST Attempt 1 41 minutes 9 out of 25
Correct answers will be available Jun 24 at 12am - Jul 7 at 12am.
https://coastdistrict.instructure.com/courses/55122/ 1/12
quizzes/221375
, 6/21/201 Quiz 2 (Module 3-4) (Remotely Proctored): BUS110-72929 Bus Law/Legal
9 Environment
Score for this quiz: 9 out
of 25 Submitted Jun 19 at
9:02pm This attempt took
41 minutes.
Question 1 pts
A(n)is a UCC option made in writing and signed by a merchant,
promising to keep an offer open and that needs no consideration.
mirror image rule
definiteness
mailbox rule
option contract
firm offer
Incorrect Question 2 pts
Karen offers to sell Gary 100 stocks that are fluctuating rapidly hour by hour. Gary
receives the offer an hour before the market closes. Which of the
following would be a valid contract?
Gary accepts by fax two hours after the market has opened the next morning and
after learning that the stock has jumped up significantly. He agrees to buy
the stocks at the current price.
Gary accepts to buy the stocks at the pre-fixed price.
Gary accepts to buy the stocks an hour before midnight.
https://coastdistrict.instructure.com/courses/55122/ 2/12
quizzes/221375
9 Environment
BUS 110 Quiz 2 (Module 3-4) (Remotely Proctored)
Due Jun 23 at 11:59pm Points 25 Questions 25
Available Jun 17 at 12am - Jun 23 at 11:59pm 7 days Time Limit 60 Minutes
Instructions
Quiz 2 contains questions from Chapters 9-16.
Attempt
History
Attempt Time Score
LATEST Attempt 1 41 minutes 9 out of 25
Correct answers will be available Jun 24 at 12am - Jul 7 at 12am.
https://coastdistrict.instructure.com/courses/55122/ 1/12
quizzes/221375
, 6/21/201 Quiz 2 (Module 3-4) (Remotely Proctored): BUS110-72929 Bus Law/Legal
9 Environment
Score for this quiz: 9 out
of 25 Submitted Jun 19 at
9:02pm This attempt took
41 minutes.
Question 1 pts
A(n)is a UCC option made in writing and signed by a merchant,
promising to keep an offer open and that needs no consideration.
mirror image rule
definiteness
mailbox rule
option contract
firm offer
Incorrect Question 2 pts
Karen offers to sell Gary 100 stocks that are fluctuating rapidly hour by hour. Gary
receives the offer an hour before the market closes. Which of the
following would be a valid contract?
Gary accepts by fax two hours after the market has opened the next morning and
after learning that the stock has jumped up significantly. He agrees to buy
the stocks at the current price.
Gary accepts to buy the stocks at the pre-fixed price.
Gary accepts to buy the stocks an hour before midnight.
https://coastdistrict.instructure.com/courses/55122/ 2/12
quizzes/221375
