1) I tell you that if you rake all the leaves in my yard, I will show up to Business Law class next week. You immediately come over and start raking the leaves. Halfway through the job you decide to leave to do some extra Business Law reading for fun. I run after you and say, "you didn't finish, I will sue you for this!" Your best defense is:

	a.	I have no acceptance
	b.	There was no offer
	c.	None of the above
	d.	There was no valid consideration

2)You may perfect a security interest by

		Filing a UCC-1
		Saying the collateral is perfect
		Entereing into a security agreement with a debtor
		None of the above

3) You order 100 ball bearings from my factory. We agree on all terms, but never discuss the price. My factory has a price list for ball bearings. Mark all correct answers.

		There is a contract as the UCC applies and price may be an open term
		This is not a contract as we never discussed price
		The UCC does not apply unless the price of the ball bearings exceed $500
		None of the above

4) A contract by a minor is:

	a.	Only voidable by the minor if the contract is not for necessities
	b.	Always voidable by the minor
	c.	Always voidable by either party
	d.	Only voidable if over $1,000