Law quiz
Susan offered to pay Roger $50 to walk her dog for the next 8 days. Roger responded that he will walk the dog for the next 8 days for a fee of $75. Roger's statement is an acceptance of Susan's offer. True or False?
False
Pearson, Inc. applies for a permit to do business in Iceland. A government official denies the permit, so Pearson hires a consultant in Iceland who is the sister of the government official. Pearson pays the consultant $50,000 to handle the permit process although the permit itself costs only $500. This transaction violates the Foreign Corrupt Practices Act. true or false
true
Catelyn has signed a contract with Victoria Secret Inc., a clothing retail store, to work as a model, Catelyn's parents are outraged because Catelyn is 16 years of age (which she disclosed to Victoria Secret). In this scenario a. Catelyn can enforce the contract b. The contract is automatically enforceable c. The contract is automatically void d. Victoria Secret can cancel the contract before Catelyn reaches the age of majority
a. Catelyn can enforce the contract
Melanie offers to pay Brett $12 if he agrees to mow her yard next Tuesday. Brett agrees to the price and the deadline. When Melanie and Brett exchange their promises, these parties will have a. a bilateral contract b. a trilateral contract c. a unilateral contract d. no contract
a. a bilateral contract
Which of the following agreements is most likely to be subject to the UCC and represents a merchant transaction? a. A coaching agreement made by John, who regularly provides coaching services to high school students b. A sales agreement made by Helen, a car dealer, who sells a car to Larry c. A sales agreement made by Larry, a college student, who sells his car to a friend d. An agreement to train a horse, made by Tom, who runs a table.
c. A sales agreement made by Larry, a college student, who sells his car to a friend
Wilma contracts to buy hay from Donley, Inc., for $15,000, but Donley fails to deliver. Wilma buys the hay elsewhere for $35,000. Wilma's measurement of compensatory damages is a. incidental damages b. $3000 plus incidental damages c. $15,000 d. $20,000 plus incidental damages
d. $20,000 plus incidental damages
Doris agrees to sell Kim a horse next week. At the planned time, Doris breaches the agreement by refusing to sell the horse. Because Kim wanted that particular horse for its unique pedigree, she cannot be compensated with another horse. In this case the court will most likely require Doris to: a. pay Kim damages b. cancel the contract c. sell Kim a different horse d. sell Kim the horse as promised
d. sell Kim the horse as promised
Vecino Group, a U.S. firm, owns property in the country of Cameroon. When the government of Cameroon seizes the property, Vecino Group asks a U.S. court to order the property's return. The court rules that Cameroon is exempt from the court's jurisdiction. This is due to a. trade barriers b. the Trans Pacific Partnership c. NAFTA d. the doctrine of sovereign immunity
d. the doctrine of sovereign immunity
CR Construction contracts to repair the turf on a soccer field for MSU. CR knows that without the repair, MSU will have to cancel an upcoming tournament. CR does not perform as promised. As consequential damages, MSU can recover a. the cost of new turf b. the difference between CR's price and the actual cost of repair c. nothing d. the loss of profit from the cancelled tournament
d. the loss of profit from the cancelled tournament
Which of the following is true of open-price-term contracts for the sale of goods? a. the contract is void due to the failure to specify a required term of the contract b. the price becomes the reasonable price at the time the contract was entered into c. the price is determined by the court's applying a reasonable price at whatever time the court deems appropriate to reach a fair result d. the price becomes the reasonable price at the time the goods are delivered
d. the price becomes the reasonable price at the time the goods are delivered
