{"id":25444,"date":"2022-01-17T10:26:01","date_gmt":"2022-01-17T10:26:01","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/business-l-101-ch-10-test-business-l-101-ch-10-test\/"},"modified":"2022-01-17T10:26:01","modified_gmt":"2022-01-17T10:26:01","slug":"business-l-101-ch-10-test-business-l-101-ch-10-test","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/business-l-101-ch-10-test-business-l-101-ch-10-test\/","title":{"rendered":"Business l 101 ch 10 test \/ business l 101 ch 10 test"},"content":{"rendered":"
\n

Question<\/span><\/p>\n

1) FlavorBean Coffee Company agrees to buy an unspecified quantity of coffee beans from Global AgriCorp<\/span>.<\/span><\/a>\u00a0Global breaches the contract<\/span>.<\/span><\/a>\u00a0In FlavorBean’s suit to obtain relief, the court will most likely<\/span><\/p>\n

(1pts)<\/span><\/p>\n

award a reasonable quantity of beans to FlavorBean<\/span>.<\/span><\/a><\/p>\n

award FlavorBean all the beans that it requires<\/span>.<\/span><\/a><\/p>\n

award Global’s output of coffee beans to FlavorBean<\/span>.<\/span><\/a><\/p>\n

have no basis for determining a remedy<\/span>.<\/span><\/a><\/p>\n

2) Rita, the manager of the State University (SU) soccer team, orally agrees to lease a certain number of specially made SU banners from Top Banners, Inc<\/span>.<\/span><\/a>\u00a0This lease is enforceable only if Top has made a substantial start on making the banners and<\/span><\/p>\n

(1pts)<\/span><\/p>\n

Rita agreed to the lease on behalf of the SU soccer team<\/span>.<\/span><\/a><\/p>\n

SU does not have other, similar banners available<\/span>.<\/span><\/a><\/p>\n

the banners are not suitable for others in the course of Top’s business<\/span>.<\/span><\/a><\/p>\n

the soccer season has not ended and SU goes to the finals<\/span>.<\/span><\/a><\/p>\n

3) Orange Manufacturing Corporation (OMC) orders twelve job-training and on-the-job safety DVDs from Plum Productions, Inc<\/span>.<\/span><\/a>, which delivers the disks to OMC’s plant<\/span>.<\/span><\/a>\u00a0This is most likely<\/span><\/p>\n

(1pts)<\/span><\/p>\n

a gift<\/span>.<\/span><\/a><\/p>\n

a lease of goods<\/span>.<\/span><\/a><\/p>\n

a sale of goods<\/span>.<\/span><\/a><\/p>\n

a service contract<\/span>.<\/span><\/a><\/p>\n

4) Elizabeth buys a car from Silas, who is sixteen years old<\/span>.<\/span><\/a>\u00a0Elizabeth then wants to sell the car to her neighbor, John<\/span>.<\/span><\/a>\u00a0Elizabeth’s title to the car is<\/span><\/p>\n

(1pts)<\/span><\/p>\n

valid<\/span>.<\/span><\/a><\/p>\n

voidable<\/span>.<\/span><\/a><\/p>\n

void<\/span>.<\/span><\/a><\/p>\n

good<\/span>.<\/span><\/a><\/p>\n

5) Gail enters into a contract with Hi-Price Appliances, Inc<\/span>.<\/span><\/a>\u00a0In a suit between the parties over payment under the contract, Gail claims that a certain clause is unconscionable<\/span>.<\/span><\/a>\u00a0If the court agrees, it may<\/span><\/p>\n

(1pts)<\/span><\/p>\n

enforce, limit, or refuse to enforce the contract or the disputed clause<\/span>.<\/span><\/a><\/p>\n

enforce the contract without the disputed clause only<\/span>.<\/span><\/a><\/p>\n

limit the application of the disputed clause only<\/span>.<\/span><\/a><\/p>\n

refuse to enforce the entire contract only<\/span>.<\/span><\/a><\/p>\n

6) Jamie is redoing his kitchen and decides he needs a floor sander to complete the job<\/span>.<\/span><\/a>\u00a0Jamie tells Rachel, his neighbor, that he needs a floor sander<\/span>.<\/span><\/a>\u00a0Rachel tells Jamie to call Home Repair Rentals, Inc<\/span>.<\/span><\/a>\u00a0Home Repair Rentals leases Jamie a floor sander<\/span>.<\/span><\/a>\u00a0In this transaction the lessor is<\/span><\/p>\n

(1pts)<\/span><\/p>\n

Jamie<\/span>.<\/span><\/a><\/p>\n

Rachel<\/span>.<\/span><\/a><\/p>\n

Home Repair Rentals<\/span>.<\/span><\/a><\/p>\n

both Jamie and Rachel<\/span>.<\/span><\/a><\/p>\n

7) Peter, an agent for Zippy Cars, Inc<\/span>.<\/span><\/a>, writes a letter to Cassandra on March 1 stating that he will sell her a 2011 Suburu Outback for $20,000 between March 1 and April 30<\/span>.<\/span><\/a>\u00a0Peter’s letter to Cassandra is<\/span><\/p>\n

(1pts)<\/span><\/p>\n

a firm offer<\/span>.<\/span><\/a><\/p>\n

an acceptance<\/span>.<\/span><\/a><\/p>\n

a bilateral contract<\/span>.<\/span><\/a><\/p>\n

a breach<\/span>.<\/span><\/a><\/p>\n

8) Thorpe buys an HD TV from Viewpoint Electronics store, which agrees to keep the TV for Thorpe until he picks it up<\/span>.<\/span><\/a>\u00a0Before Thorpe gets the TV, a fire destroys the store and the set<\/span>.<\/span><\/a>\u00a0The loss is suffered by<\/span><\/p>\n

(1pts)<\/span><\/p>\n

neither Thorpe nor Viewpoint<\/span><\/p>\n

Thorpe and Viewpoint<\/span>.<\/span><\/a><\/p>\n

Thorpe only<\/span>.<\/span><\/a><\/p>\n

Viewpoint only<\/span>.<\/span><\/a><\/p>\n

9) Big Beef, Inc<\/span>.<\/span><\/a>\u00a0raises calves to sell<\/span>.<\/span><\/a>\u00a0Big Beef breeds its cows in April, and the cows calve in February of the following year<\/span>.<\/span><\/a>\u00a0In January Andrea contracts with Big Beef to buy fifty calves<\/span>.<\/span><\/a>\u00a0Identification takes place in<\/span><\/p>\n

(1pts)<\/span><\/p>\n

January, when the contract is signed<\/span>.<\/span><\/a><\/p>\n

April, when the calves are conceived<\/span>.<\/span><\/a><\/p>\n

February, when the calves are born<\/span>.<\/span><\/a><\/p>\n

a reasonable period of time<\/span>.<\/span><\/a><\/p>\n

10) Sweets Store buys chocolate from Tasty Candies, Inc<\/span>.<\/span><\/a>\u00a0The parties agree that the chocolate will be shipped “F<\/span>.<\/span><\/a>O<\/span>.<\/span><\/a>B<\/span>.<\/span><\/a>\u00a0Sweets” via United Railroad Corporation<\/span>.<\/span><\/a>\u00a0The chocolate is lost in transit<\/span>.<\/span><\/a>\u00a0The loss is suffered by<\/span><\/p>\n

(1pts)<\/span><\/p>\n

Sweets and Tasty, but not United<\/span>.<\/span><\/a><\/p>\n

Sweets only<\/span>.<\/span><\/a><\/p>\n

Sweets, Tasty, and United<\/span>.<\/span><\/a><\/p>\n

Tasty only<\/span>.<\/span><\/a><\/p>\n

11) Trend-Rite Clothiers, Inc<\/span>.<\/span><\/a>, sells t-shirts to Brand Name Stores, Inc<\/span>.<\/span><\/a>, under an existing contract<\/span>.<\/span><\/a>\u00a0When textile costs increase, Brand agrees to a price increase, but later wants to cancel the contract<\/span>.<\/span><\/a>\u00a0Brand may<\/span><\/p>\n

(1pts)<\/span><\/p>\n

cancel the contract immediately<\/span>.<\/span><\/a><\/p>\n

cancel the contract only after accepting a final shipment<\/span>.<\/span><\/a><\/p>\n

cancel the contract only on reasonable notice<\/span>.<\/span><\/a><\/p>\n

not cancel the contract<\/span>.<\/span><\/a><\/p>\n

12) Raul agrees to ship to Ben one hundred ceiling fans for $5,000<\/span>.<\/span><\/a>\u00a0Raul initials his notes of the deal, which include the terms, and files the notes in his office<\/span>.<\/span><\/a>\u00a0Ben initials his own notes of the deal, which include the terms, and files the notes in his office<\/span>.<\/span><\/a>\u00a0Raul fails to ship the fans<\/span>.<\/span><\/a>\u00a0Against Raul, as a contract, the deal is<\/span><\/p>\n

(1pts)<\/span><\/p>\n

enforceable, because under the UCC a contract need not written<\/span>.<\/span><\/a><\/p>\n

enforceable, because Raul’s initialed notes are a sufficient writing<\/span>.<\/span><\/a><\/p>\n

enforceable, because Ben’s initialed notes are a sufficient writing<\/span>.<\/span><\/a><\/p>\n

not enforceable<\/span>.<\/span><\/a><\/p>\n

13) Fay pays $800 for a new iPad to Global Goods, Inc<\/span>.<\/span><\/a>\u00a0Global holds the iPad until Fay picks it up<\/span>.<\/span><\/a>\u00a0Global is<\/span><\/p>\n

(1pts)<\/span><\/p>\n

a bailee<\/span>.<\/span><\/a><\/p>\n

a consignee<\/span>.<\/span><\/a><\/p>\n

a lessee<\/span>.<\/span><\/a><\/p>\n

a seller<\/span>.<\/span><\/a><\/p>\n

14) Good Food Corporation buys from Home Farms, Inc<\/span>.<\/span><\/a>, a rice crop that Home Farms plans to plant and harvest during the next growing season<\/span>.<\/span><\/a>Good Food plans to sell the rice to Interstate Grocery Stores<\/span>.<\/span><\/a>\u00a0After the rice is planted, but before it is harvested, an insurable interest in the rice exists in<\/span><\/p>\n

(1pts)<\/span><\/p>\n

Good Food and Home Farms, but not Interstate Grocery<\/span>.<\/span><\/a><\/p>\n

Good Food, Home Farms, and Interstate Grocery<\/span>.<\/span><\/a><\/p>\n

Good Food only<\/span>.<\/span><\/a><\/p>\n

Home Farms only<\/span>.<\/span><\/a><\/p>\n

15) Levi, a well-known lumber dealer with a good reputation, buys a load of lumber and pays for it with a check that is later dishonored<\/span>.<\/span><\/a>\u00a0Sam, who is unaware of the bad check, buys the lumber from Levi<\/span>.<\/span><\/a>\u00a0Sam is a(n)<\/span><\/p>\n

(1pts)<\/span><\/p>\n

good faith purchaser<\/span>.<\/span><\/a><\/p>\n

bad faith purchaser<\/span>.<\/span><\/a><\/p>\n

insolvent purchaser<\/span>.<\/span><\/a><\/p>\n

bailee<\/span>.<\/span><\/a><\/p>\n

16) Roy’s Chick’n Shack orders chicken from Standard Food Supplier, but Standard does not deliver<\/span>.<\/span><\/a>\u00a0Roy’s will probably be unable to enforce the agreement if the parties<\/span><\/p>\n

(1pts)<\/span><\/p>\n

did not limit the duration of the deal<\/span>.<\/span><\/a><\/p>\n

did not specify a payment term<\/span>.<\/span><\/a><\/p>\n

did not specify a quantity term<\/span>.<\/span><\/a><\/p>\n

have not begun to perform<\/span>.<\/span><\/a><\/p>\n

17) Community Construction Corporation offers to buy from Solid Cement Company a certain quantity of cement for a certain price<\/span>.<\/span><\/a>\u00a0Solid can accept the offer by<\/span><\/p>\n

(1pts)<\/span><\/p>\n

doing nothing<\/span>.<\/span><\/a><\/p>\n

promising to ship or promptly shipping the cement<\/span>.<\/span><\/a><\/p>\n

promising to ship the cement only<\/span>.<\/span><\/a><\/p>\n

promptly shipping the cement only<\/span>.<\/span><\/a><\/p>\n

18) Bill orders 1,000 nails from Super Hardware, Inc<\/span>.<\/span><\/a>\u00a0Super Hardware keeps its nails in packages of 100,000<\/span>.<\/span><\/a>\u00a0Bill and the agent for Super Hardware both sign the contract for the sale of the nails on Monday<\/span>.<\/span><\/a>\u00a0The agent separates 1,000 nails on Wednesday<\/span>.<\/span><\/a>\u00a0The agent delivers the nails to Bill on Thursday morning, and Bill pays for the nails on Friday<\/span>.<\/span><\/a>\u00a0Identification of the nails took place on<\/span><\/p>\n

(1pts)<\/span><\/p>\n

Monday<\/span>.<\/span><\/a><\/p>\n

Wednesday<\/span>.<\/span><\/a><\/p>\n

Thursday<\/span>.<\/span><\/a><\/p>\n

Friday<\/span>.<\/span><\/a><\/p>\n

19) Sweetwater Caf\u00e9 orders five gallons of transfat-free cooking oil from Restaurant Supply, Inc<\/span>.<\/span><\/a>\u00a0The seller mistakenly ships the wrong oil, which the buyer keeps, despite the nonconformity<\/span>.<\/span><\/a>\u00a0The oil is destroyed in a kitchen fire<\/span>.<\/span><\/a>\u00a0The loss is suffered by<\/span><\/p>\n

(1pts)<\/span><\/p>\n

Sweetwater and Restaurant Supply, but not Sweetwater customers<\/span>.<\/span><\/a><\/p>\n

Sweetwater, Restaurant Supply, and Sweetwater customers<\/span>.<\/span><\/a><\/p>\n

Sweetwater only<\/span>.<\/span><\/a><\/p>\n

Restaurant Supply only<\/span>.<\/span><\/a><\/p>\n

20) Mountaineer Sales, Inc<\/span>.<\/span><\/a>, is the offeror and Camping Goods Corporation is the offeree under a unilateral sales contract in which Forest Recreation Products Company is also interested<\/span>.<\/span><\/a>\u00a0Mountaineer is not notified of Camping’s performance within a reasonable time<\/span>.<\/span><\/a>\u00a0Mountaineer<\/span><\/p>\n

(1pts)<\/span><\/p>\n

may treat the offer as having lapsed<\/span>.<\/span><\/a><\/p>\n

must assume that Camping has started to perform<\/span>.<\/span><\/a><\/p>\n

must contact Camping<\/span>.<\/span><\/a><\/p>\n

must contract with Forest<\/span>.<\/span><\/a><\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Question 1) FlavorBean Coffee Company agrees to buy an unspecified quantity of coffee beans from Global AgriCorp.\u00a0Global breaches the contract.\u00a0In FlavorBean’s suit to obtain relief, the court will most likely (1pts) award a reasonable quantity of beans to FlavorBean. award FlavorBean all the beans that it requires. award Global’s output of coffee beans to FlavorBean. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-25444","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/25444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=25444"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/25444\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=25444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=25444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=25444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}