LECTSTEPHEN
GOVT 404 Final Exam:
• Question 1
0 out of 5 points
TripleCyl contracts with ManuPow Partners to sell 100
forklift engines at a cost of $2,000 each. TripleCyl agrees to
deliver the engines in one installment on April 1. On March
20, TripleCyl delivers 98 engines together with a note
stating that the remaining two engines would be delivered
the following day. The next day TripleCyl delivers two
engines. Is ManuPow Partners entitled to reject the
engines? Choose the best answer:
Selected Answer:
No, TripleCyl has substantially performed, and substantial
performance is not breach.
• Question 2
Mandie interviews Carlton for a new job at Mandie’s company. At
the end of the
5 out of 5 points
interview, Mandie offers to hire Carlton on a two-year
contract with a salary of $42,000, plus health insurance.
Carlton asks if he can “sleep on it” and let Mandie know
his answer the next day. Mandie agrees. That night,
Mandie texts Carlton the message: “I just found someone
, else for the position, but thanks for interviewing and best
of luck.” Choose the best answer:
Selected Answer:
Carlton cannot accept the offer because it was
revoked.
• Question 3
5 out of 5 points
GC Company is a building contractor, performing work for
the Owner of a construction project. The contract between
GC Company and Owner provides that there will be six
phases of work. Further it provides that at the end of each
phase of work, GC Company should submit its request for
payment to Owner’s architect. Once the architect approves
the work performed, GC Company is entitled to payment of
1/6 of the total contract price. GC Company performs work
on phases 1, 2, 3, 4, and 5, and the Owner pays for the
work despite the fact that GC Company never submitted its
requests for payment to the architect and never got the
architect’s approval of the work. When GC Company
submits its request for the sixth and final payment, the
Owner refuses to pay it on the grounds that GC Company
has never submitted it, or any other request for payment,
to the architect. What is GC Company’s most likely
argument that it is entitled to payment?
Selected Answer:
, Owner has waived the right to insist on strict compliance
with the condition that was included in the contract.
• Question 4
5 out of 5 points
Drain Clean Solution, Inc. (DCS) cleans industrial drainage
systems. DCS contracts with Big Motor Co. (BMC) to clean
the water drainage systems around its large manufacturing
facility. DCS agrees to charge $15,000 for its services. It
costs DCS $12,000 to perform the work. The fair market
value of the work to BMC is $13,000. After the work is
performed, BMC does not pay DCS. Choose the best answer:
Selected Answer:
If DCS is awarded $12,000, that amount represents
DCS’s reliance interest.
• Question 5
5 out of 5 points
Apples Co. sells apples. Apples are readily available in the
marketplace. Beta Co. operates a large retail fruit market.
Apples contracts to sell 30 bushels of apples to Beta Co.
and deliver them on November 20. On November 1, Apples
Co. tells Beta Co. that it will not deliver any apples to Beta
Co. Choose the best answer:
GOVT 404 Final Exam:
• Question 1
0 out of 5 points
TripleCyl contracts with ManuPow Partners to sell 100
forklift engines at a cost of $2,000 each. TripleCyl agrees to
deliver the engines in one installment on April 1. On March
20, TripleCyl delivers 98 engines together with a note
stating that the remaining two engines would be delivered
the following day. The next day TripleCyl delivers two
engines. Is ManuPow Partners entitled to reject the
engines? Choose the best answer:
Selected Answer:
No, TripleCyl has substantially performed, and substantial
performance is not breach.
• Question 2
Mandie interviews Carlton for a new job at Mandie’s company. At
the end of the
5 out of 5 points
interview, Mandie offers to hire Carlton on a two-year
contract with a salary of $42,000, plus health insurance.
Carlton asks if he can “sleep on it” and let Mandie know
his answer the next day. Mandie agrees. That night,
Mandie texts Carlton the message: “I just found someone
, else for the position, but thanks for interviewing and best
of luck.” Choose the best answer:
Selected Answer:
Carlton cannot accept the offer because it was
revoked.
• Question 3
5 out of 5 points
GC Company is a building contractor, performing work for
the Owner of a construction project. The contract between
GC Company and Owner provides that there will be six
phases of work. Further it provides that at the end of each
phase of work, GC Company should submit its request for
payment to Owner’s architect. Once the architect approves
the work performed, GC Company is entitled to payment of
1/6 of the total contract price. GC Company performs work
on phases 1, 2, 3, 4, and 5, and the Owner pays for the
work despite the fact that GC Company never submitted its
requests for payment to the architect and never got the
architect’s approval of the work. When GC Company
submits its request for the sixth and final payment, the
Owner refuses to pay it on the grounds that GC Company
has never submitted it, or any other request for payment,
to the architect. What is GC Company’s most likely
argument that it is entitled to payment?
Selected Answer:
, Owner has waived the right to insist on strict compliance
with the condition that was included in the contract.
• Question 4
5 out of 5 points
Drain Clean Solution, Inc. (DCS) cleans industrial drainage
systems. DCS contracts with Big Motor Co. (BMC) to clean
the water drainage systems around its large manufacturing
facility. DCS agrees to charge $15,000 for its services. It
costs DCS $12,000 to perform the work. The fair market
value of the work to BMC is $13,000. After the work is
performed, BMC does not pay DCS. Choose the best answer:
Selected Answer:
If DCS is awarded $12,000, that amount represents
DCS’s reliance interest.
• Question 5
5 out of 5 points
Apples Co. sells apples. Apples are readily available in the
marketplace. Beta Co. operates a large retail fruit market.
Apples contracts to sell 30 bushels of apples to Beta Co.
and deliver them on November 20. On November 1, Apples
Co. tells Beta Co. that it will not deliver any apples to Beta
Co. Choose the best answer:
