Business Law In Canada 11th Edition By Yates
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Business Law In Canada 11th Edition By Yates -Test Bank
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Business Law In canada 11th Edition By Yates -Test Bank
Business Law in Canada, 11e (Yates)
Chapter 6 The Elements of a Contract: Consensus and Consideration
1) Which of the following is an ingredient necessary to form a contract?
1. A) Exemption clauses
2. B) Assignment
3. C) Capacity
4. D) Moral
5. E) Fairness
,Answer: C
Diff: 1 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
Skill: Recall
Objective: Chapter 6: 1. Discuss the fundamentals of the contractual
relationship.
Bloom’s Taxonomy: Knowledge
2) Berman made a documentary on the life of musician Artie Shaw. Shaw’s
representative was cooperative and gave her permission to use certain songs
if she received proper permission from the copyright holders. The cost of the
film was funded by her own savings, a private investor, the Canada Council,
the Ontario Arts Council, and deferred salaries and material costs. In March of
1987, the film won an Academy Award as the best feature documentary for
1986. In November of 1987, Shaw’s lawyer contacted Berman’s lawyer: “…
This letter states that Artie Shaw has a 35% profit participation in the motion
picture… .” Which of the following accurately sets out the legal position of the
parties?
1. A) Shaw has a right to this share because the movie is about him.
2. B) The court will imply an agreement to this effect between the parties.
3. C) Shaw has no claim since there was no such agreement.
4. D) A public celebrity has the right to prevent this kind of exploitation if
Berman refuses this demand.
5. E) The court will award Shaw a reasonable profit because it is fair.
Answer: C
Diff: 3 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
Skill: Applied
Objective: Chapter 6: 1. Discuss the fundamentals of the contractual
relationship.
Bloom’s Taxonomy: Knowledge
,3) Which of the following is not an example of a contract?
1. A) A written promise to give your husband a ring for Christmas
2. B) A verbal agreement to work for someone starting next week
3. C) A verbal agreement for the sale of a car where neither the money or
the car has yet changed hands
4. D) An agreement not to sue someone for negligence in exchange for
their promise to pay you a specified amount
5. E) An implied promise to pay for a meal when you order it
Answer: A
Diff: 1 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
Skill: Applied
Objective: Chapter 6: 1. Discuss the fundamentals of the contractual
relationship.
Bloom’s Taxonomy: Knowledge
4) Which of the following is an example of a unilateral contract?
1. A) Joe agrees to paint Sam’s house for $500.
2. B) Joe pays $50 for groceries at a grocery store.
3. C) C returns a lost dog and claims the $50 reward.
4. D) Joe promises to give Harry his old boat when he gets his new one.
5. E) Sam orders a meal in a restaurant.
Answer: C
Diff: 1 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
Skill: Applied
Objective: Chapter 6: 1. Discuss the fundamentals of the contractual
relationship.
Bloom’s Taxonomy: Knowledge
, 5) Sam placed an announcement in the newspaper as follows: “$200 reward
for the return of two lost Siamese kittens.” Joe read the ad, found the kittens,
and returned them. This is an example of which of the following?
1. A) Invitation to treat
2. B) Offer
3. C) Gratuitous promise
4. D) Bilateral contract
5. E) Unilateral contract
Answer: E
Diff: 1 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
Skill: Recall
Objective: Chapter 6: 1. Discuss the fundamentals of the contractual
relationship.
Bloom’s Taxonomy: Knowledge
6) Which one of the following is enforceable?
1. A) Mr. Ho promised to give his needy friend Mr. Jahn $100.
2. B) Ms. Jones promised to pay an additional $100 to Mr. Wood if Wood
finished the existing contract on time, according to the terms of the
contract.
3. C) Mr. Baker was so sick of an old chair that, when Mr. Venson offered
him $10 for it, he agreed (i.e., promised to sell it to him), although the
market value of the chair was $80.
4. D) Ms. Goode promised to send $10 to Mr. Paul, who kindly came and
warned her when he saw a tow truck approach her car.
5. E) An ad in the paper promises to pay $5 for the return of a lost ring, but
the person who finds and returns the ring never saw the offer in the
newspaper.
Answer: C
Diff: 2 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
-Test Bank
To purchase this Complete Test Bank with Answers Click the link
Below
https://quizsolutions.site/product/business-law-in-canada-11th-edition-by-yates-test-bank/
If face any problem or Further information contact us At
Business Law In Canada 11th Edition By Yates -Test Bank
Sample Questions
Description
INSTANT DOWNLOAD WITH ANSWERS
Business Law In canada 11th Edition By Yates -Test Bank
Business Law in Canada, 11e (Yates)
Chapter 6 The Elements of a Contract: Consensus and Consideration
1) Which of the following is an ingredient necessary to form a contract?
1. A) Exemption clauses
2. B) Assignment
3. C) Capacity
4. D) Moral
5. E) Fairness
,Answer: C
Diff: 1 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
Skill: Recall
Objective: Chapter 6: 1. Discuss the fundamentals of the contractual
relationship.
Bloom’s Taxonomy: Knowledge
2) Berman made a documentary on the life of musician Artie Shaw. Shaw’s
representative was cooperative and gave her permission to use certain songs
if she received proper permission from the copyright holders. The cost of the
film was funded by her own savings, a private investor, the Canada Council,
the Ontario Arts Council, and deferred salaries and material costs. In March of
1987, the film won an Academy Award as the best feature documentary for
1986. In November of 1987, Shaw’s lawyer contacted Berman’s lawyer: “…
This letter states that Artie Shaw has a 35% profit participation in the motion
picture… .” Which of the following accurately sets out the legal position of the
parties?
1. A) Shaw has a right to this share because the movie is about him.
2. B) The court will imply an agreement to this effect between the parties.
3. C) Shaw has no claim since there was no such agreement.
4. D) A public celebrity has the right to prevent this kind of exploitation if
Berman refuses this demand.
5. E) The court will award Shaw a reasonable profit because it is fair.
Answer: C
Diff: 3 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
Skill: Applied
Objective: Chapter 6: 1. Discuss the fundamentals of the contractual
relationship.
Bloom’s Taxonomy: Knowledge
,3) Which of the following is not an example of a contract?
1. A) A written promise to give your husband a ring for Christmas
2. B) A verbal agreement to work for someone starting next week
3. C) A verbal agreement for the sale of a car where neither the money or
the car has yet changed hands
4. D) An agreement not to sue someone for negligence in exchange for
their promise to pay you a specified amount
5. E) An implied promise to pay for a meal when you order it
Answer: A
Diff: 1 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
Skill: Applied
Objective: Chapter 6: 1. Discuss the fundamentals of the contractual
relationship.
Bloom’s Taxonomy: Knowledge
4) Which of the following is an example of a unilateral contract?
1. A) Joe agrees to paint Sam’s house for $500.
2. B) Joe pays $50 for groceries at a grocery store.
3. C) C returns a lost dog and claims the $50 reward.
4. D) Joe promises to give Harry his old boat when he gets his new one.
5. E) Sam orders a meal in a restaurant.
Answer: C
Diff: 1 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
Skill: Applied
Objective: Chapter 6: 1. Discuss the fundamentals of the contractual
relationship.
Bloom’s Taxonomy: Knowledge
, 5) Sam placed an announcement in the newspaper as follows: “$200 reward
for the return of two lost Siamese kittens.” Joe read the ad, found the kittens,
and returned them. This is an example of which of the following?
1. A) Invitation to treat
2. B) Offer
3. C) Gratuitous promise
4. D) Bilateral contract
5. E) Unilateral contract
Answer: E
Diff: 1 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
Skill: Recall
Objective: Chapter 6: 1. Discuss the fundamentals of the contractual
relationship.
Bloom’s Taxonomy: Knowledge
6) Which one of the following is enforceable?
1. A) Mr. Ho promised to give his needy friend Mr. Jahn $100.
2. B) Ms. Jones promised to pay an additional $100 to Mr. Wood if Wood
finished the existing contract on time, according to the terms of the
contract.
3. C) Mr. Baker was so sick of an old chair that, when Mr. Venson offered
him $10 for it, he agreed (i.e., promised to sell it to him), although the
market value of the chair was $80.
4. D) Ms. Goode promised to send $10 to Mr. Paul, who kindly came and
warned her when he saw a tow truck approach her car.
5. E) An ad in the paper promises to pay $5 for the return of a lost ring, but
the person who finds and returns the ring never saw the offer in the
newspaper.
Answer: C
Diff: 2 Type: MC Page Ref: 185
Topic: Ch. 6 – Elements of a Contract
