ETH/321T EXAM 2025/2026 QUESTIONS
AND ANSWERS 100% PASS
Based on the details of the scenario, determine what will most likely occur.
Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then
makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell
beaver pelts in the U.S. - ANS Contract is voided
Demonstrate your knowledge of the different types of remedy for breached contracts by filling
in the blank.
A party can receive __________ damages to restore itself to the position it would have been in
if a breach had not occurred. - ANS Compensatory
Based on the details of the scenario, determine what will most likely occur.
Lincoln has been taking advantage of Benson through an unfair contract for several years.
Eventually, Benson seeks relief and legal freedom from his contract. - ANS Contract is voided,
subject to investigation
For the scenario, determine if the party is guilty and what is "at play" related to agreement
between parties.
Rusty is a landlord over the apartment Pierre lives in. Pierre is unable to make rent payments,
so Rusty makes Pierre do renovation labor on the apartments every day for 6 hours as payment
instead. He also makes Pierre sign a contract that he will not move until he catches up to his
late payments. - ANS Guilty - Undue influence
Demonstrate your knowledge of the different types of remedy for breached contracts by filling
in the blank.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, __________ damages are those which cover future losses which are likely to result from one
party's insufficient performance. - ANS Consequential
Demonstrate your knowledge of the different types of remedy for breached contracts by filling
in the blank.
When a breach of contract results in no tangible harm to a non-breaching party, it can receive
__________ damages from the breaching party. - ANS Nominal
Yolanda and Mack are negotiating a contract deal for sale of goods. Yolanda offers Mack $2 per
pound for Mack's peanuts. Mack wants to sell them for $2.50. Under UCC, what happens when
Mack asks for the higher amount, assuming both parties are merchants? - ANS Mack's
change of terms is incorporated into the standing deal.
For the scenario, determine if the party is guilty and what is "at play" related to agreement
between parties.
Lucy agrees over the phone with Daryl to sell him "the pretty necklace in the window" in Lucy's
pawn shop. Lucy sends Daryl the wrong necklace from a different window. - ANS Not Guilty
What is the most likely status of the contract for the scenario?
Laura, a 17-year-old, signs a contract with her neighbor to buy a car through monthly
payments. Laura loses her job the next week and can no longer make the payments. Laura's
contract with her neighbor is most likely: - ANS Voidable
For the scenario, determine if the party is guilty and what is "at play" related to agreement
between parties.
Tyson gets his employees to sign an employment agreement which has extra contract
obligations hidden in small, almost invisible type. - ANS Guilty - Fraud in the execution
Does the following pass the "test" of utility?
A prototype for a drone that can dig soil. - ANS Passes test
Examine the following scenario to determine which of the statements below is true concerning
trade secrets.
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
AND ANSWERS 100% PASS
Based on the details of the scenario, determine what will most likely occur.
Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then
makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell
beaver pelts in the U.S. - ANS Contract is voided
Demonstrate your knowledge of the different types of remedy for breached contracts by filling
in the blank.
A party can receive __________ damages to restore itself to the position it would have been in
if a breach had not occurred. - ANS Compensatory
Based on the details of the scenario, determine what will most likely occur.
Lincoln has been taking advantage of Benson through an unfair contract for several years.
Eventually, Benson seeks relief and legal freedom from his contract. - ANS Contract is voided,
subject to investigation
For the scenario, determine if the party is guilty and what is "at play" related to agreement
between parties.
Rusty is a landlord over the apartment Pierre lives in. Pierre is unable to make rent payments,
so Rusty makes Pierre do renovation labor on the apartments every day for 6 hours as payment
instead. He also makes Pierre sign a contract that he will not move until he catches up to his
late payments. - ANS Guilty - Undue influence
Demonstrate your knowledge of the different types of remedy for breached contracts by filling
in the blank.
1 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
, __________ damages are those which cover future losses which are likely to result from one
party's insufficient performance. - ANS Consequential
Demonstrate your knowledge of the different types of remedy for breached contracts by filling
in the blank.
When a breach of contract results in no tangible harm to a non-breaching party, it can receive
__________ damages from the breaching party. - ANS Nominal
Yolanda and Mack are negotiating a contract deal for sale of goods. Yolanda offers Mack $2 per
pound for Mack's peanuts. Mack wants to sell them for $2.50. Under UCC, what happens when
Mack asks for the higher amount, assuming both parties are merchants? - ANS Mack's
change of terms is incorporated into the standing deal.
For the scenario, determine if the party is guilty and what is "at play" related to agreement
between parties.
Lucy agrees over the phone with Daryl to sell him "the pretty necklace in the window" in Lucy's
pawn shop. Lucy sends Daryl the wrong necklace from a different window. - ANS Not Guilty
What is the most likely status of the contract for the scenario?
Laura, a 17-year-old, signs a contract with her neighbor to buy a car through monthly
payments. Laura loses her job the next week and can no longer make the payments. Laura's
contract with her neighbor is most likely: - ANS Voidable
For the scenario, determine if the party is guilty and what is "at play" related to agreement
between parties.
Tyson gets his employees to sign an employment agreement which has extra contract
obligations hidden in small, almost invisible type. - ANS Guilty - Fraud in the execution
Does the following pass the "test" of utility?
A prototype for a drone that can dig soil. - ANS Passes test
Examine the following scenario to determine which of the statements below is true concerning
trade secrets.
2 @COPYRIGHT 2025/2026 ALLRIGHTS RESERVED
