M5EX
M5EX
Due Apr 12 at 11:59pm Points 100 Questions 40
Available Apr 11 at 12am - Apr 12 at 11:59pm 2 days Time Limit None
This quiz was locked Apr 12 at 11:59pm.
Attempt History
Attempt Time Score
LATEST Attempt 1 53 minutes 84 out of 100
Correct answers are no longer available.
Score for this quiz: 84 out of 100
Submitted Apr 11 at 3:31pm
This attempt took 53 minutes.
Incorrect Question 1 pts
Sheldon saw some cool technology that he wanted to purchase, however,
he was short of cash. Lenny knew how much Sheldon really wanted it,
and offers to loan Sheldon the money. Sheldon borrows $4,000 from him
and agrees to repay the money in six months. Later, Lenny purchased a
car from Penny for $7,000. He pays her $3,000 in cash and assigns the
right to the $4,000 to her. Penny contacts Sheldon towards the end of the
six months, requesting payment. Sheldon claims that he doesn't owe her
the money because he never agreed to pay her and that there was never
any intent to benefit her when he and Lenny made the contract.
What type of contract was created by Lenny and Penny?
assignment
delegation
, novation
third-party intended creditor beneficiary
third-party intended donee beneficiary
incidental beneficiary
Question 2 pts
Sheldon saw some cool technology that he wanted to purchase, however,
he was short of cash. Lenny knew how much Sheldon really wanted it,
and offers to loan Sheldon the money. Sheldon borrows $4,000 from him
and agrees to repay the money in six months. Later, Lenny purchased a
car from Penny for $7,000. He pays her $3,000 in cash and assigns the
right to the $4,000 to her. Penny contacts Sheldon towards the end of the
six months, requesting payment. Sheldon claims that he doesn't owe her
the money because he never agreed to pay her and that there was never
any intent to benefit her when he and Lenny made the contract.
If Penny sues Sheldon for the money, she will most likely __________,
win because she became a party to the contract after it was made.
win becasue she was she was not part of the contract at the time it was
made.
lose because she was not part of the contract at the time it was made.
lose because she became a party to the contract after it was made.
Question 3 pts
, Sheldon saw some cool technology that he wanted to purchase, however,
he was short of cash. Lenny knew how much Sheldon really wanted it,
and offers to loan Sheldon the money. Sheldon borrows $4,000 from him
and agrees to repay the money in six months. Later, Lenny purchased a
car from Penny for $7,000. He pays her $3,000 in cash and assigns the
right to the $4,000 to her. Penny contacts Sheldon towards the end of the
six months, requesting payment. Sheldon claims that he doesn't owe her
the money because he never agreed to pay her and that there was never
any intent to benefit her when he and Lenny made the contract.
Penny will not be able to recover _________ in the breach of contract
action.
direct damages
punitive damages
compensatory damages
general damages
Question 4 pts
Contracts may be discharged because of certain circumstances,
conditions, causes, etc. Please match the following ways for discharging
contracts.
Destruction of subject Discharge by impossibil
matter
Frustration of purpose Discharge by economic
Bankruptcy Discharge by operation
M5EX
Due Apr 12 at 11:59pm Points 100 Questions 40
Available Apr 11 at 12am - Apr 12 at 11:59pm 2 days Time Limit None
This quiz was locked Apr 12 at 11:59pm.
Attempt History
Attempt Time Score
LATEST Attempt 1 53 minutes 84 out of 100
Correct answers are no longer available.
Score for this quiz: 84 out of 100
Submitted Apr 11 at 3:31pm
This attempt took 53 minutes.
Incorrect Question 1 pts
Sheldon saw some cool technology that he wanted to purchase, however,
he was short of cash. Lenny knew how much Sheldon really wanted it,
and offers to loan Sheldon the money. Sheldon borrows $4,000 from him
and agrees to repay the money in six months. Later, Lenny purchased a
car from Penny for $7,000. He pays her $3,000 in cash and assigns the
right to the $4,000 to her. Penny contacts Sheldon towards the end of the
six months, requesting payment. Sheldon claims that he doesn't owe her
the money because he never agreed to pay her and that there was never
any intent to benefit her when he and Lenny made the contract.
What type of contract was created by Lenny and Penny?
assignment
delegation
, novation
third-party intended creditor beneficiary
third-party intended donee beneficiary
incidental beneficiary
Question 2 pts
Sheldon saw some cool technology that he wanted to purchase, however,
he was short of cash. Lenny knew how much Sheldon really wanted it,
and offers to loan Sheldon the money. Sheldon borrows $4,000 from him
and agrees to repay the money in six months. Later, Lenny purchased a
car from Penny for $7,000. He pays her $3,000 in cash and assigns the
right to the $4,000 to her. Penny contacts Sheldon towards the end of the
six months, requesting payment. Sheldon claims that he doesn't owe her
the money because he never agreed to pay her and that there was never
any intent to benefit her when he and Lenny made the contract.
If Penny sues Sheldon for the money, she will most likely __________,
win because she became a party to the contract after it was made.
win becasue she was she was not part of the contract at the time it was
made.
lose because she was not part of the contract at the time it was made.
lose because she became a party to the contract after it was made.
Question 3 pts
, Sheldon saw some cool technology that he wanted to purchase, however,
he was short of cash. Lenny knew how much Sheldon really wanted it,
and offers to loan Sheldon the money. Sheldon borrows $4,000 from him
and agrees to repay the money in six months. Later, Lenny purchased a
car from Penny for $7,000. He pays her $3,000 in cash and assigns the
right to the $4,000 to her. Penny contacts Sheldon towards the end of the
six months, requesting payment. Sheldon claims that he doesn't owe her
the money because he never agreed to pay her and that there was never
any intent to benefit her when he and Lenny made the contract.
Penny will not be able to recover _________ in the breach of contract
action.
direct damages
punitive damages
compensatory damages
general damages
Question 4 pts
Contracts may be discharged because of certain circumstances,
conditions, causes, etc. Please match the following ways for discharging
contracts.
Destruction of subject Discharge by impossibil
matter
Frustration of purpose Discharge by economic
Bankruptcy Discharge by operation
