1.Which of the following would be covered by the UCC?

a.Sale of a vacant lot,

b.A promise to play the piano at a benefit for homeless dogs,

c.John, a teacher who fixes and sells cars as a second business,

d.David is hospitalized in San Diego and receives a pint of blood as a part of his treatment.

2.Bill sent Carla an offer by express mail. Carla received it at 10 am on Tuesday. At 11 am on Tuesday, Federal Express picked up Carla's letter of acceptance, but due to an error, the letter was not sent out by the company until Wednesday at 8 am. Bill received it at 9 am on Thursday. At what time does the law consider the acceptance effective?

a.At 10 am on Tuesday,

b.At 11 am on Tuesday,

c.At 8 am on Wednesday,

d.At 9 am on Thursday.

3.Carol sees an ad in a newspaper sellinga clock radio for $50.She goes to the store and asks to buy the clock radio.Carol is:

a.Making a counter offer,

b.Making an offer to buy,

c.Making an acceptance of the store's offer to sell,

d.None of the above.

4.Juan offers to sell his fishing boat to Marco for $450. Marco says he will buy the boat and that he will go to the credit union to apply for a loan. A contract is formed:

a.When Marco gets the money from the credit union,

b.When Marco applies for the loan at the credit union,

c.Only when Juan gets the $450,

d.When Marco tells Juan he will buy the boat.

5.Sharon offered, in writing, to sell to David a parcel of land for $500,000.If Sharon dies, the offer will:

a.Terminate prior to David's acceptance only if David received notice of Sharon's death,

b.Remain open for a reasonable period of time after Sharon's death,

c.Automatically terminate even if David has already accepted,

d.Automatically terminate prior to David's acceptance.

Please, I would like to know the correct answers for my midterm exam.