Blaw 5050 Final Exam Answer Key

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[pic 32] out of 2 points

QUESTION 9: MULTIPLE CHOICE

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[pic 33]

When is consideration NOT required for a contract under Article 2?

Given Answer:

[pic 34] b.

When a contract for the sale of goods is modified.

Correct Answer:

[pic 35] b.

When a contract for the sale of goods is modified.

[pic 36] out of 2 points

QUESTION 10: MULTIPLE CHOICE

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[pic 37]

Under the common law of contract, an acceptance

Given Answer:

[pic 38] d.

All of the above.

Correct Answer:

[pic 39] d.

All of the above.

[pic 40] out of 2 points

QUESTION 11: MULTIPLE CHOICE

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[pic 41]

Under Article 2 of the UCC, an acceptance

Given Answer:

[pic 42] b.

can contain different or additional terms from the offer.

Correct Answer:

[pic 43] b.

can contain different or additional terms from the offer.

[pic 44] out of 2 points

QUESTION 12: MULTIPLE CHOICE

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[pic 45]

One of the following countries is not a party to the United Nations Convention on the International Sale of Goods (CISG). Which one is it?

Given Answer:

[pic 46] c.

Great Britain.

Correct Answer:

[pic 47] c.

Great Britain.

[pic 48] out of 2 points

QUESTION 13: MULTIPLE CHOICE

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[pic 49]

When must a contract governed by the United Nations Convention of Contract for the International Sale of Goods be in writing?

Given Answer:

[pic 50] d.

Never.

Correct Answer:

[pic 51] d.

Never.

[pic 52] out of 2 points

QUESTION 14: MULTIPLE CHOICE

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[pic 53]

The purpose of punitive/exemplary damages is to

Given Answer:

[pic 54] d.

Both b) and c)

Correct Answer:

[pic 55] d.

Both b) and c)

[pic 56] out of 2 points

QUESTION 15: MULTIPLE CHOICE

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[pic 57]

The power of Congress to regulate business activities does NOT include:

Given Answer:

[pic 58] c.

the power to regulate intrastate commerce.

Correct Answer:

[pic 59] c.

the power to regulate intrastate commerce.

[pic 60] out of 2 points

QUESTION 16: MULTIPLE CHOICE

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[pic 61]

Ben files a suit in a federal district court against Cathy. Cathy loses the suit, appeals to the U.S. Court of Appeals for the Second Circuit, and loses again. Cathy asks the United States Supreme Court to hear the case. The Court is

Given Answer:

[pic 62] d.

not required to hear the case.

Correct Answer:

[pic 63] d.

not required to hear the case.

[pic 64] out of 2 points

QUESTION 17: MULTIPLE CHOICE

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[pic 65]

Objectives of the North American Free Trade Agreement (NAFTA) include:

Given Answer:

[pic 66] c.

eliminating trade barriers between Canada, the United States and Mexico.

Correct Answer:

[pic 67] c.

eliminating trade barriers between Canada, the United States and Mexico.

[pic 68] out of 2 points

QUESTION