Ch 9 Business Law - 1572 Words

Chapter 9 Formation of Traditional and E-Contracts TRUE/FALSE QUESTIONS 1. Contract law does not distinguish between promises that create only moral obligations and promises that are legally binding. False. 2. In contract law, intent is determined by the personal or subjective intent, or belief, of a party. False, intent is determined by the objective theory of contracts 3. A bilateral contract comes into existence at the moment promises are exchanged. True, â€Å"promise for a promise† 4. If a voidable contract is avoided, the promisee, but not the promisor, is released from it. False, both parties are released from it 5. A request or invitation to negotiate is an offer. False, an offer is a promise to do or refrain from doing something†¦show more content†¦c. a unilateral contract. d. no contract. 5. Signe offers to sell Thomas her textbook but conditions the sale on Thomas ac ­cepting the offer by March 1. Signe may revoke the offer a. before Thomas accepts the offer. b. before March 1, whether or not Thomas has accepted the offer. c. only after Thomas accepts the offer. d. only after March 1. 6. Mark is creating Nu2U.com, a Web site through which he will enter into contracts over the Internet. Important terms to include in his offers include a. provisions specifying the remedies if the contract is breached. b. a detailed history of his business. c. glowing reviews from former customers. d. his educational background. 7. Deb buys a song through eSongs, an online music vendor. Before completing the purchase and downloading the song, Deb must review a provision stating that she will not make and sell copies of the song and is required to click â€Å"I agree.† This provision is a. a browse-wrap term. b. a click-on agreement. c. a shrink-wrap agreement. d. none of the choices. 8. On behalf of Bobble Head Manufacturing Company, Carmela types her name at the bottom of an e-mail purchase order and submits the order to Designer Parts Company. Under the UETA, Carmela’s typed name qualifies as a. a â€Å"signature.† b. a statement of future intent. c. an assignment. d. a preliminary negotiation. 9. Chicken Egg Farms promises to pay Dex $500 to install a sump pump in its warehouse. Dex com ­pletes theShow MoreRelatedMontesquieus Greatest Mark on Philosophy Essay1522 Words   |  7 Pagesthinkers of the French Enlightenment, the baron de Montesquieu stands out as an especially impassioned advocate for moderation. Montesquieu, of course, left his greatest mark on the philosophy of the governance through his great work The Spirit of the Laws. Though certainly his earlier work The Persian Letters sowed the seeds of many of the ideas featured in his chef d’œuvre. In particular, Montesquieu spends some time in both works examining the universe of possible governments. But he advocatesRead MoreCrosswell1474 Words   |  6 PagesPEPPERDINE UNIVERSITY THE GEORGE L. GRAZIADIO SCHOOL OF BUSINESS AND MANAGEMENT LEN RUSHFIELD MBA 610.63 INTERNATIONAL FINANCE SPRING 2005 WEDNESDAY 6:00 PM – 10:00 PM WESTLAKE VILLAGE CENTER SYLLABUS 1 International Finance MBA 610.63 Westlake Village Center Wednesday 1/5-2/16/05 Len Rushfield (310) 474-5848 (603) 843-9683 (efax) leonard.rushfield@pepperdine.edu/ asiaptner@aol.com Course Objectives MBA 610.63 is intended to provide a foundation of understanding of international financeRead MoreHomework630 Words   |  3 PagesGuffey-SEEFER, Business English, 11e – 70 points WORKSHEET, CH. 3, NOUN PLURALS FILL IN THE BLANKS WITH THE CORRECT PLURAL FORMS FOR THE NOUNS SHOWN IN PARENTHESES. |1. |Every day we must send many (copy) of (fax) to our suppliers. | | |2. |A flood of computer (virus) is causing (worry) for businesspeople. | | |3. |The (Murphy) and the (Ross) plan to vacationRead MoreThe Southwood School Principal Will Begin By Giving A Welcoming1141 Words   |  5 Pagesbenefits, retention, dealing with laws affecting employment and worker protection† (Ch.1 p.2-4, n.d). 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Question : The labor problem can be defined as undesirable outcomes created out of an employment relationship which is inequitable, contentious, and exploitive.   Student True Answer:   Instructor Instructor Explanation: Ch. 2, p. 27 Explanation:    Points Received:       False 2 of 2 Read MoreA Company or a Corporation Is an ‘Artificial Person’ Created by Law1739 Words   |  7 Pagescorporation is an ‘artificial person’ created by law.† Discuss. Introduction A company or a corporation is an artificial person not natural person. Artificial person are such as are created and devised by human laws for the purpose of society and government which are called corporation. Such artificial persons, known as corporation, possess similar rights and owe similar obligation as natural person, but have no physical or natural existence. 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This is what parties intended but left unwritten in the gap of a contract. There are five conditions by which a contract would be satisfied before a term would be implied. They are reasonable and equitable, necessary to give business efficacy so no term will be