12 May WHAT FEDERAL STATUTE GOVERNS THE LEGAL USE OF ELECTRONIC CONTRACTS?
Which of
the following is the best definition for the legal termpromissory estoppels?
A
promise made in a contract must be an express promise in order to be validA
party to a contract cannot withdraw a promise if the other party to the
contract relied upon the promise to his or her detrimentA
party to a contract cannot promise to provide illegal considerationA gift promise made in an estate
is valid and legal
19) In order
for a response to be considered a legal acceptance to an offer, and not a
counter offer, what rule must apply?
The
lapse of time ruleThe
mirror image ruleThe public law ruleThe
voluntary performance rule
20) Wildboards
Company introduces a product called a Rollerboard for which it is granted a
registered trademark. The Rollerboard is a snowboard with a removable row of
wheels along the center of the underside. With the wheels attached, the user
can attain extremely high speed in hard-packed snow conditions. In addition,
many users have found that they can use their snowboards on streets with the
wheels attached. This new use of snowboards becomes very popular and many
competing snowboard makers introduce similar products. The sport becomes known
generally as rollerboarding and most people refer to all such wheeled
snowboards as rollerboards. What is the consequence of this scenario?
Competitors must put a disclaimer on
their boards that they are not the original RollerboardCompetitors must pay royalties to
Wildboards for using the term rollerboardWildboards cannot stop competitors from
using the term rollerboard for their productsWildboards can no longer use the name
Rollerboard on its boards
21) Under
Section 2 of the Uniform Commercial Code (UCC), a contract for the sale of
goods must be written if that contract is for what monetary value?
$1,000
or more$250
or more$500 or more$100
or more
22) Which of
the following is an equitable doctrine designed to prevent unjust enrichment
and unjust detriment where no actual contract exists?
The express contract doctrineThe
doctrine of implied-in-law contractThe
doctrine of formal contractsThe doctrine of Quantum meruit
23) To create
an enforceable contract, which of the following are needed?
Agreement, consideration,
contractual capacity, and a lawful objectAgreement,
consideration, objectives, and contractual capacityOfferer, acceptance, agreement, and
considerationOfferer,
offeree, agreement, and capacity
24) Which of
the following types of real property rights can be sold separately from the
land?
Buildings
and improvements on the landBuilding
fixtures on the landImprovements
under the landMinerals in the subsurface
25) Some
trees were cut down and made into lumber, and the lumber was used to build a
house. What type of property were the trees while they were growing, when they
were lumber, and when they became part of the house, respectively?
Real, personal, realPersonal,
personal, realReal,
real, personalPersonal,
real, real
1)
What federal statute governs the legal use of electronic
contracts?2) Oral
agreements may be legally enforceable contracts with the exception of some
types of contracts specified in which law?3)
Contracts are discussed primarily in Sections 2 and 2A of the
Uniform Commercial Code pertaining to which of the following transactions?4) An
individual who finds the personal property of another, acquires legal title to
that property against the entire world, only if it is what type of personal
property?5)
What is the highest type of ownership estate in real property?6)
If a contract ends in a dispute, and the parties want to have the
matter resolved without going to court, which is the most common method for
them to pursue?7)
Which of the following is true when someone mistakenly makes an
improvement to the personal property of another?8)
Which of the following examples is a unilateral contract?9)
Both the Statute of Frauds and the Uniform Commercial Code require
a valid, enforceable contract to be signed by whom?10) Parties
enter into a contract for services and one party commits a breach. The party
who breached wants to continue with the contract but wants the terms revised.
What is his best method of dispute resolution?11) A(n)
________ is an agreement that is stated orally or in written words12) Apart
from recovering damages, and recovering profits made by the offender,
successful plaintiffs in a misappropriation of a trade secret case can
also13) Which of
the following examples is a bilateral contract?14) Jenson
and Johnson enter into a contract that involves Johnson paying Jenson $1,000
for shoveling the snow from his driveway throughout the winter. Jenson, who was
paid before work commenced, breached the contract on the very first day. He
should refund $1,000 to Johnson as15) Which of
the two parties are involved in every contract?16) Consideration,
which is required in a contract, consists of which two elements?17)
Which of the following is true about the public use doctrine?18) Which of
the following is the best definition for the legal termpromissory estoppels?19) In order
for a response to be considered a legal acceptance to an offer, and not a
counter offer, what rule must apply?20) Wildboards
Company introduces a product called a Rollerboard for which it is granted a
registered trademark. The Rollerboard is a snowboard with a removable row of
wheels along the center of the underside. With the wheels attached, the user
can attain extremely high speed in hard-packed snow conditions. In addition,
many users have found that they can use their snowboards on streets with the
wheels attached. This new use of snowboards becomes very popular and many
competing snowboard makers introduce similar products. The sport becomes known
generally as rollerboarding and most people refer to all such wheeled
snowboards as rollerboards. What is the consequence of this scenario?21) Under
Section 2 of the Uniform Commercial Code (UCC), a contract for the sale of
goods must be written if that contract is for what monetary value?22) Which of
the following is an equitable doctrine designed to prevent unjust enrichment
and unjust detriment where no actual contract exists?23) To create
an enforceable contract, which of the following are needed?24) Which of
the following types of real property rights can be sold separately from the
land?25) Some
trees were cut down and made into lumber, and the lumber was used to build a
house. What type of property were the trees while they were growing, when they
were lumber, and when they became part of the house, respectively?
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