1.The UCC and the Common Law state that the "click on " box indicating "I accept " is sufficient to indicate acceptance.

True

False

2.Patty and Curt dated for 3 years. During that time they exchanged many gifts for holidays, birthdays, dating anniversaries and Valentine's Day. Then Curt asked Patty to marry him and gave her a diamond engagement ring when she said yes to his proposal. Two months later the engagement is broken. Patty and Curt can keep the presents they had given each other but Patty must return the diamond engagement ring.

True

False

3.The court will put in its own language in a contract when the meaning of the words present in a contract is not clear.

True

False 4.Undue influence cannot make a contract voidable.

True

False

5.Mr. Bridges offers his daughter Gracie $200 if she gets an "A" on her Business Law exam. Gracie gets the "A" on the exam. The "A" is not consideration necessary to get the money

True

False

6.Of the three bases of incapacity, intoxication is the most difficult to prove.

True

False

7.Concurrent conditions to a discharge of a contract can include delivery of goods and payment.

True

False

8.An instance where a contract is voidable is when there is a mistake of fact.

True

False

9.The Uniform Commercial Code is an example of statutory law that is used in all 50 states providing a uniform set of rules to govern commerce.

True

False

10.Moral minimums is simple compliance with the law with lowest ethical standards.

True

False

11.Jeff offers to buy Mike's laptop on Friday for $500 and says he will give him the money on Friday. Mike accepts the offer and promises to turn over the laptop on Friday when Jeff pays him. They have formed a unilateral contract.

True

False

12.The concept of impossibility of performance can include the death of one of the parties and the destruction of the subject matter.

True

False