LAW 531T Week 4 Apply Assessment

LAW 531T Week 4 Apply Assessment

LAW 531T Week 4 Apply Assessment

  1. Which type of property is item A?

A ring Hugh received from his grandmother several months before she died

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item A?

A ring Hugh received from his grandmother several months before she died

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which type of property is item B?

A motorbike Ned got from the Harley-Davidson store for $53,000

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item B?

A motorbike Ned got from the Harley-Davidson store for $53,000

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which type of property is item C?

A motorless army jeep left on the plot of land Corey bought

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item C?

A motorless army jeep left on the plot of land Corey bought

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which type of property is item D?

A pair of high-quality cleats that Candace found on the football field after a game

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item D?

A pair of high-quality cleats that Candace found on the football field after a game

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which type of property is item E?

A Sony Walkman that Mary left in her will for her nephew, Zeppelin

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item E?

A Sony Walkman that Mary left in her will for her nephew, Zeppelin

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which type of property is item F?

The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item F?

The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which of the following is not true of offers?
o    An offer may be terminated immediately if the offeree refuses it.

o    An offeree may reject an offer and present a counteroffer.

o    If a counteroffer is accepted, the original offer is terminated.

o    An offeree’s silence may be counted as an agreement.

  1. Which of the following constitutes grounds for canceling a contract?
o    bilateral mistake of value

o    unilateral mistake of fact

o    mutual mistake of value

o    mutual mistake of fact

  1. _________________ damages are designed to punish someone for breaching a contract and are usually only available in fraud or bad faith cases.
o    Consequential

o    Compensatory

o    Punitive

o    Nominal

  1. Which of the following contracts is required to be in writing?
o    a contract for the sale of a bed for $350

o    a contract for the lease of a motorcycle with payments of $500

o    a contract for the sale of a bicycle for $200

o    a prenuptial agreement

  1. A valid contract must include all of the following except which one?
o    mutual respect

o    assent

o    agreement

o    legality

  1. The __________ rule states that an offer made by one merchant to another may remain open for a set time during which it cannot be revoked.
o    parol evidence

o    main purpose

o    firm offer

o    mirror image

  1. A person who owes a duty under a contract is called a(n) _________________.
o    offeror

o    assignor

o    obligor

o    delegator

  1. A person who is owed a right under a contract is called a(n) _________________.
o    offeree

o    delegatee

o    obligee

o    assignee

 

LAW 531T Week 4 Apply Assessment

LAW 531T Week 4 Apply Assessment

 

OR 

LAW 531T Week 4 Apply Assessment

LAW 531T Week 4 Apply Assessment

  1. Which type of property is item A?

A ring Hugh received from his grandmother several months before she died

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item A?

A ring Hugh received from his grandmother several months before she died

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which type of property is item B?

A motorbike Ned got from the Harley-Davidson store for $53,000

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item B?

A motorbike Ned got from the Harley-Davidson store for $53,000

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which type of property is item C?

A motorless army jeep left on the plot of land Corey bought

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item C?

A motorless army jeep left on the plot of land Corey bought

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which type of property is item D?

A pair of high-quality cleats that Candace found on the football field after a game

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item D?

A pair of high-quality cleats that Candace found on the football field after a game

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which type of property is item E?

A Sony Walkman that Mary left in her will for her nephew, Zeppelin

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item E?

A Sony Walkman that Mary left in her will for her nephew, Zeppelin

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which type of property is item F?

The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired

o    mislaid property

o    abandoned property

o    gift

o    inherited (bequeathed) property

o    purchase

  1. Which identifier describes the nature of item F?

The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired

o    tangible property

o    intangible/intellectual property

o    realty

  1. Which of the following is not true of offers?
o    An offer may be terminated immediately if the offeree refuses it.

o    An offeree may reject an offer and present a counteroffer.

o    If a counteroffer is accepted, the original offer is terminated.

o    An offeree’s silence may be counted as an agreement.

  1. Which of the following constitutes grounds for canceling a contract?
o    bilateral mistake of value

o    unilateral mistake of fact

o    mutual mistake of value

o    mutual mistake of fact

  1. _________________ damages are designed to punish someone for breaching a contract and are usually only available in fraud or bad faith cases.
o    Consequential

o    Compensatory

o    Punitive

o    Nominal

  1. Which of the following contracts is required to be in writing?
o    a contract for the sale of a bed for $350

o    a contract for the lease of a motorcycle with payments of $500

o    a contract for the sale of a bicycle for $200

o    a prenuptial agreement

  1. A valid contract must include all of the following except which one?
o    mutual respect

o    assent

o    agreement

o    legality

  1. The __________ rule states that an offer made by one merchant to another may remain open for a set time during which it cannot be revoked.
o    parol evidence

o    main purpose

o    firm offer

o    mirror image

  1. A person who owes a duty under a contract is called a(n) _________________.
o    offeror

o    assignor

o    obligor

o    delegator

  1. A person who is owed a right under a contract is called a(n) _________________.
o    offeree

o    delegatee

o    obligee

o    assignee

 

LAW 531T Week 4 Apply Assessment

LAW 531T Week 4 Apply Assessment

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