Question
44. A merchants firm offer a.must be supported by consideration to remain open. b.does not require consideration to remain open. c.can be made orally and
44. A merchants firm offer
a.must be supported by consideration to remain open.
b.does not require consideration to remain open.
c.can be made orally and still remain open.
d.cannot remain open for more than 10 consecutive business days.
45. The UCC says that a lessees obligations under a commercial finance lease
a.are the same as under any other type of lease.
b.are irrevocable and independent from the financers obligations.
c.depend on the total monetary obligation owed by the lessee.
d.can be disclaimed by the lessee if done promptly.
47.A contract made as the result of undue influence
a.is voidable.
b.void
c.is enforceable because undue influence is not part of contract law.
d.is void if the contracting party subject to undue influence is a minor.
48.When a mistake occurs as to the market value of the object of a contract
a.either party can enforce the contract.
b.either party can enforce the contract if the mistake if not more than 20% of the true market value.
c.either party can rescind the contract for failure of consideration.
d.the contract is enforceable by either party if the object of the contract is tangible personal property but not real property.
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