BA 3301 Final || with 100% Error-free Solutions.
An unenforceable contract is one that cannot be enforced because of certain legal defenses
against it. correct answers True
In a one-care auto accident, Carmel is rendered unconscious and otherwise injured. At the scene,
Dana, a physician, acts to save Carmel's life. Later, Dana seeks to recover for the cost of the aid.
She is most likely to recover correct answers on a theory of a quasi contract.
In contract law, intent is determined by the personal or subjective intent, or belief, of a party.
correct answers False
A bilateral contract comes into existence at the oment promises are exchanged. correct answers
True
A bilateral contract comes into existence at the moment promises are exchanged. correct answers
True
Cellphones & Calltime, Inc., makes an offer to Delores to enter into a contract to work as a
salesperson for a certain base salary plus commission for ninety days subject to a one-year
renewal based on her performance. Delores accepts the offer. A valid contract requires correct
answers an offer and acceptance
If a voidable contract is avoided, the promisee, but not the promisor, is released from it. correct
answers False
Fact Pattern 19-B1
Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and
open a winery.
Refer to Fact Pattern 19-B1. If Ambrose breaches the contract, Belle Vista's remedy would most
likely be correct answers the difference between the land's contract and market prices.
Restitution involves one party's recapture of a benefit conferred on the other party that has
unjustly enriched him or her. correct answers True
A liquidated damages provision specifies that a certain amount is to be paid in the event of a
future default or breach of contract. correct answers True
Porches & Verandas, Inc., agrees to build a screen porch for Quinn, but fails to complete the job.
Quinn hires Ramadas, Inc., to finish the project. Quinn may recover from Porches & Verandas
correct answers the costs needed to complete construction.
Ordinarily, a waiver by a contracting party will not operate to waive subsequent, additional, or
future breaches of contract. correct answers True
, Meatpackers, Inc., enters into a contract with Nemiah's Ranch for the delivery of a certain
number of beef cattle on a set schedule. Nemiah's delays the first delivery for five days, aware
that Meatpackers loses a certain percentage of profit each day. An award to Meatpackers of
consequential damages would correct answers provide Meatpackers with funds for a foreseeable
loss beyond the contract
Optima Medico Corporation, a U.S. firm, signs a contract with Pharma Beneficial, Ltd., a
Canadian firm, to give Pharma the right to sell Optima's products in Canada. This is: correct
answers A distribution agreement
Fresh Meds, Inc., a U.S. firm, contracts with Gong, Ltd., a Hong Kong firm, allowing Gong to
use and profit from Fresh Meds' patented products. This is correct answers Licensing
Expropriation occurs when a government seizes a privately owned business or privately owned
goods for a proper public purpose and awards just compensation. correct answers True
The government of Korea sets a limit on the amount of rice that can be imported from the United
States. This is correct answers A quota
International law requires nations to honor the actions of other nations. correct answers False
Dumping is the exporting of environmentally polluting goods to a foreign market. correct
answers False
Big Deal! Marketing Company, a U.S. firm, signs a contract with Comercio Exterior, Ltd., a
Chilean firm, to give Comercio the right to use Big Deal!'s animation techniques and characters
in product promotions. This is: correct answers Licensing
Jewelry & Coin Company hires Kelly Ann to buy gems and precious metals from various
sources on its behalf. In this relationship, Jewelry & Coin is: correct answers A principal
Even during emergency situations, when the principal cannot be consulted, the agent may not
deviate from the principal's instructions without violating the duty of obedience. correct answers
False
Fact Pattern 32-1B
Margo works as an administrator and receptionist in Neon's Garage Door Store. Neon withholds
federal taxes from Margo's pay, and controls the methods and details of the performance of her
work. Margo is not authorized to modify the prices or other terms of a sale at the store. Omar
installs Neon's Garage Door products at the buyers' locations.
Refer to Fact Pattern 32-1B. Neon hires Professional Janitorial Company to clean the store. Neon
gives Professional Janitorial instructions as to what needs to be cleaned and when. Professional
Janitorial is: correct answers an independent contractor
An unenforceable contract is one that cannot be enforced because of certain legal defenses
against it. correct answers True
In a one-care auto accident, Carmel is rendered unconscious and otherwise injured. At the scene,
Dana, a physician, acts to save Carmel's life. Later, Dana seeks to recover for the cost of the aid.
She is most likely to recover correct answers on a theory of a quasi contract.
In contract law, intent is determined by the personal or subjective intent, or belief, of a party.
correct answers False
A bilateral contract comes into existence at the oment promises are exchanged. correct answers
True
A bilateral contract comes into existence at the moment promises are exchanged. correct answers
True
Cellphones & Calltime, Inc., makes an offer to Delores to enter into a contract to work as a
salesperson for a certain base salary plus commission for ninety days subject to a one-year
renewal based on her performance. Delores accepts the offer. A valid contract requires correct
answers an offer and acceptance
If a voidable contract is avoided, the promisee, but not the promisor, is released from it. correct
answers False
Fact Pattern 19-B1
Ambrose enters into a contract to buy 350 acres from Belle Vista Farms to cultivate grapes and
open a winery.
Refer to Fact Pattern 19-B1. If Ambrose breaches the contract, Belle Vista's remedy would most
likely be correct answers the difference between the land's contract and market prices.
Restitution involves one party's recapture of a benefit conferred on the other party that has
unjustly enriched him or her. correct answers True
A liquidated damages provision specifies that a certain amount is to be paid in the event of a
future default or breach of contract. correct answers True
Porches & Verandas, Inc., agrees to build a screen porch for Quinn, but fails to complete the job.
Quinn hires Ramadas, Inc., to finish the project. Quinn may recover from Porches & Verandas
correct answers the costs needed to complete construction.
Ordinarily, a waiver by a contracting party will not operate to waive subsequent, additional, or
future breaches of contract. correct answers True
, Meatpackers, Inc., enters into a contract with Nemiah's Ranch for the delivery of a certain
number of beef cattle on a set schedule. Nemiah's delays the first delivery for five days, aware
that Meatpackers loses a certain percentage of profit each day. An award to Meatpackers of
consequential damages would correct answers provide Meatpackers with funds for a foreseeable
loss beyond the contract
Optima Medico Corporation, a U.S. firm, signs a contract with Pharma Beneficial, Ltd., a
Canadian firm, to give Pharma the right to sell Optima's products in Canada. This is: correct
answers A distribution agreement
Fresh Meds, Inc., a U.S. firm, contracts with Gong, Ltd., a Hong Kong firm, allowing Gong to
use and profit from Fresh Meds' patented products. This is correct answers Licensing
Expropriation occurs when a government seizes a privately owned business or privately owned
goods for a proper public purpose and awards just compensation. correct answers True
The government of Korea sets a limit on the amount of rice that can be imported from the United
States. This is correct answers A quota
International law requires nations to honor the actions of other nations. correct answers False
Dumping is the exporting of environmentally polluting goods to a foreign market. correct
answers False
Big Deal! Marketing Company, a U.S. firm, signs a contract with Comercio Exterior, Ltd., a
Chilean firm, to give Comercio the right to use Big Deal!'s animation techniques and characters
in product promotions. This is: correct answers Licensing
Jewelry & Coin Company hires Kelly Ann to buy gems and precious metals from various
sources on its behalf. In this relationship, Jewelry & Coin is: correct answers A principal
Even during emergency situations, when the principal cannot be consulted, the agent may not
deviate from the principal's instructions without violating the duty of obedience. correct answers
False
Fact Pattern 32-1B
Margo works as an administrator and receptionist in Neon's Garage Door Store. Neon withholds
federal taxes from Margo's pay, and controls the methods and details of the performance of her
work. Margo is not authorized to modify the prices or other terms of a sale at the store. Omar
installs Neon's Garage Door products at the buyers' locations.
Refer to Fact Pattern 32-1B. Neon hires Professional Janitorial Company to clean the store. Neon
gives Professional Janitorial instructions as to what needs to be cleaned and when. Professional
Janitorial is: correct answers an independent contractor
