Ashford BUS311 Week 2 Quiz Latest 2021 September

BUS311 Business Law I

Week 2 Quiz  

Question 1Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A widgets in stock, so it ships Alpha 100 Grade B widgets instead. Which of the following is true?

   Beta has made a counteroffer.

 Beta has accepted Alpha’s offer.

 Beta has breached.

 Two of these

Question 2Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big! I’ll pay $10,000 to anyone who can show me a six-inch cockroach.” Will, a bug collector, overhears and promptly presents the landlord with his prize six-inch South American cockroach. The landlord refuses to pay, and Will sues. Which of the following best describes the situation?

   There is no contract because the landlord never intended to make an offer.

 There is no contract; a reasonable person wouldn’t believe the landlord intended to pay.

 There is no contract because Will did not have the power of acceptance.

 There is definitely a contract.

 Question 3Alpha Inc. offers to sell a factory building to Delta Corp for $300,000. The offer states that it is good until June 1. On May 22, the CEO of Alpha emails an officer at Delta, informing him that she is withdrawing the offer. Which of the following is true?

   Alpha may not revoke because it is a merchant

   Alpha may not revoke whether or not it is a merchant

 Alpha may revoke unless the offer was in a signed writing

Alpha may revoke whether or not the offer was in a signed writing

Question 4Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation?

There is a contract, because Breanna has accepted the offer.

 There is no contract, because Breanna did not use a proper form of acceptance.

 There is no contract, because Breanna made a counteroffer.

 There is no contract, because Merlin never made an offer.

 Question 5Seller agrees to supply all the gasoline Buyer needs for the next year at $3.00 per gallon. After three months, the price of gas falls to $2.33 per gallon. Buyer refuses to keep buying from Seller unless Seller lowers the price. Seller agrees. Two months later, the average price for gas goes up to $3.50 per gallon. Seller asks Buyer to agree to a price raise, but Buyer refuses. Which of the following is true?

Buyer must pay $3.00 per gallon for the rest of the year.

 Buyer must pay $2.33 per gallon for the rest of the year.

 Buyer must pay $3.50 per gallon for the rest of the year.

 Seller can legally refuse to supply Buyer with any more gasoline for the rest of the year.

Question 6onsideration is:

   Part of a bargained -for exchange.

 Either a benefit or detriment.

 An element of a contract.

 Two of the above

 All of these

Question 7A simple contract need(s)to

be oral.

be entered into by a person, not a business.

 not include an offer and acceptance.

 not be signed by the parties.

 Question 8Under the UCC, a court is most likely to find a contract is unconscionable and should be voided if

the terms are grossly unfair.

 the parties do not have equal bargaining power.

the parties are both merchants.

 Two of these

All of these

Question 9Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, “I accept. Make sure you wash and wax the car before you bring it over.” Which best describes the situation?

There is a contract; Daniel must wash and wax the car.

 There is a contract, but Daniel does not have to wash and wax the car.

There is no contract; Jen made a counteroffer.

 There is no contract unless Jen is willing to take an unwashed car.

Question 10Ashley sees a maintenance crew from Acme Co. beginning to resurface her driveway, a service she has not contracted for. Ashley thinks a new driveway would be good, so she doesn’t say anything.  If Acme sues Ashley for the value of the resurfacing,

   Ashley wins; there is no quasi contract because she was not obligated to send Acme away.

    Ashley wins; she did not have a contract with Acme.

Acme wins: there was an implied unilateral contract.

 Acme wins: Ashley unjustly accepted a benefit she could have rejected.