Question 11

While Julia is shopping to purchase ingredients to make some fine French cuisine, she tries to start her moped but it won't start. Frustrated, she says that she will sell the moped to anyone for $10. Gerard hears her statement and says, "I accept." There is no contract because the offer lacks

Group of answer choices

communication.

definite terms.

serious intent.

practicality.

Question 12

MaryAnne begins delivering packets of handmade towels to Ginger according to their contract. After six months, MaryAnne demands an increase pay because the cost of fabric has gone up slightly. Using common law, if Ginger agrees to pay the increased amount, that is

Group of answer choices

enforceable because the consideration is past.

enforceable due to unforeseen difficulties.

unenforceable as an illusory promise.

unenforceable due to the preexisting duty rule.

Question 13

Springfield Cakes sends Alisa its catalogue showcasing a variety of goods for certain prices. This is

Group of answer choices

an offer.

an invitation to negotiate, not an offer.

an ad, not an offer.

a request, not an offer.

Question 14

Zebulon offers to sell his video game player for $150 to Esther. Esther promises to pay Zebulon the price. Later, they exchange the player for the funds. Under either the UCC or common law, a contract was created when

Group of answer choices

Zebulon offered to sell the player.

Zebulon delivered the player.

Esther promised to pay for the player.

Esther paid for the player.

Question 15

Christopher makes an appointment for a $100 massage, buys a used car for $2500, and agrees to work for Christmas Sales for six months for $500 per month, starting at the beginning of next month. To be enforceable, a writing is required for

Group of answer choices

the appointment.

the car purchase.

the employment agreement.

all of the choices.

Question 16

Collette goes to the local bakery where she enters a contract to purchase twenty cakes. She pays the bakery for the cakes, the plates that the cakes will come on, and for the specialty decorations and designs on them. The cakes are goods, the decorating is a service. Using the predominant purpose test, this contract most likely will be governed by

Group of answer choices

the UCC

the common law

the UCC if a dispute is about the cakes and the common law if the dispute is about the decorations

the common law if a dispute is about the cakes and the UCC if the dispute is about the decorations

Question 17

Argent Makeup enters a contract to sell its products to McCall Clinic, which later sells some of the items to Henri, a patient and consumer. Article 2 of the UCC applies to

Group of answer choices

both transactions.

the sale from Argent to McCall only.

the sale from McCall to Henri only.

none of the transactions.

Question 18

Leslie offers to sell a used sofa, chair, coffee table, end table, and lamp to Eric for $1000. Eric responds that he will pay that price if Leslies TV set is included. Neither party is a merchant. Under the UCC, if Leslie objects to the new terms, a contract

Group of answer choices

is formed with the new terms of the acceptance.

is formed with reasonable terms.

is formed with the terms of the original offer.

is not formed.

Question 19

ABC Corporation has 100 shares of stock outstanding. The shareholders are electing a 3 member board of directors. Instead of each shareholder voting for their top three choices and letting the majority shareholder select all three directors, the shareholders are allowed to combine their votes. This is called

Group of answer choices

cumulative voting

straight voting

election fraud

political voting

Question 20

The goal of securities regulation is to

Group of answer choices

contribute to the operations of national security exchanges.

prohibit deceptive and manipulative practices in the securities markets.

prescribe ways and means for investors to fairly break the rules.

none of the choices.