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BUSI 2001 WEEK 4 QUIZ - QUESTION AND ANSWERS
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BUSI 2001 WEEK 4 QUIZ -QUESTION AND ANSWERS
Week 4: Legal Purpose and Written Contracts - Tutorial Quiz Help
1. Abbot accepted Milligan's oral offer to sell a small parcel of real property. This
agreement is (Points: 2)
Illegal because it should have been in writing
Illegal because the sale was not arranged by a licensed real estate salesperson
Legal but unenforceable by either party
Legal but enforceable only by the offerer
2. Usury laws provide protection in a contract that is (Points: 2)
For the loan of money
For the sale of merchandise on credit
To be performed on a Sunday
For the restraint of trade
3. The ______ rule states that when a contract has been put in writing as the final and
complete statement of agreement between the parties, evidence of an agreement prior to
or at the time of signing cannot be presented in court to change the terms of the written
agreement. (Points: 2)
Prior evidence
Parol evidence
Anti-evidence
None of these
4. An example of a licensing statute is one that (Points: 2)
Requires an attorney to have a permit to practice law
Prevents usury
Restricts business activity on Sundays
Reasonably restricts trade
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