Exam (elaborations)
BUSI 2001 FINAL EXAM WEEK 6 - QUESTION AND ANSWERS
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BUSI 2001 FINAL EXAM WEEK 6 - QUESTION AND ANSWERS
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Question 15 out of 5 points
Except as provided by statute, oral contracts are just as enforceable as written contracts.
Selected Answer: True
Correct Answer: True
Question 2
5 out of 5 points
Full performance is the most common method by which contracts are discharged.
Selected Answer: True
Correct Answer: True
Question 3
5 out of 5 points
One of the elements necessary to establish fraud is a false statement or concealment of a material
fact.
Selected Answer: True
Correct Answer: True
Question 4
5 out of 5 points
, The UCC requires all parties entering a sales contract to perform their obligations in good faith.
Selected Answer: True
Correct Answer: True
Question 5
5 out of 5 points
The term goods includes intangible personal property such as shares of stock.
Selected Answer: False
Correct Answer: False
Question 6
5 out of 5 points
A check is an instrument that is payable on demand.
Selected Answer: True
Correct Answer: True
Question 7
5 out of 5 points
Gambling is a legal form of playing for stakes, such as in a lottery.
Selected Answer: False
Correct Answer: False
Question 8
5 out of 5 points
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