QUESTION 2 Assume that a contract specifies that U.S. Mail is the authorized method of communication. In that case, the acceptance of the offer becomes a offeree dispatches it (places it into the control of the U.S. Postal Service not when it is actually received by the offert nd effective when the Fas QUESTION 7 What is the primary source of law for all contracts---Other than contracts between businesses for the sale of good over a. common law b.rules and regulations issued by a federal administrative agency c. Uniform Commercial Code d. constitutions TION QUESTION 12 One of the requirements of an effective Offer is that the terms of the offer must be reasonably certain, or definite, so that the parties and the condemne the contract. True False r Radenci QUESTION 13 When one party refuses to perform her obligations a contract before performance by either party begins, it is known as Ai a material breach by the repudiating party, and it discharges the other party's obligations under a contract True False An integrated contract is a contract intended to be the complete and final statement of the terms of the agreement. In interpreting indenfor courts must ignore exclude an external evidence other than what is stated within the contract self. True False QUESTION 27 ut to the t o r Gina, a minor, enters into a contract to buy a tractor from Hert, an all inadecides to disaffirm the contact Consillaries world require in t Herb. Courts in some states would also require ina to pay for any damages, wem-and-tem depreciation of the tot. This al duty o he held before the contract is called the duty of a disafirmance, b, emancipation O restitution d. ratification QUESTION 36 What is the source of law for contracts between businesses for the sale of goods over $500.00 a. Uniform Commercial Code b.rules and regulations issued by a federal administrative agency c. common law d. constitutions QUESTION 37 An agreement subject to a writing requirement must necessarily be written on paper, True False QUESTION 12 One of the requirements of an effective Offer is that the terms of the offer must be reasonably certain, or definite, so that the parties and the court andet the contract True False r y Rad n QUESTION 13 ici When one party refuses to perform her obligations a contract before performance by either party begins, it is known as A a material breach by the repudiating party, and it discharges the other party's obligations under a contract True False An integrated contract is a contract intended to be the complete and final statement of the terms of the agreement. In interpreting indenfor courts must ignore exclude an external evidence other than what is stated within the contracte True False
