GOVT 404 QUIZ 2 fall 2019 with all the
correct answers(Real quiz)
Question 1
5 out of 5 points
Which of the following is a false statement regarding consideration?
Selected
Answer: An unfair bargain cannot constitute consideration since
nobody would genuinely bargain for a contract that...
GOVT 404 QUIZ 2 fall 2019 with all the
correct answers(Real quiz)
Question 1
5 out of 5 points
Which of the following is a false statement regarding consideration?
Selected
Answer: An unfair bargain cannot constitute consideration since
nobody would genuinely bargain for a contract that is not
fair.
Question 2
5 out of 5 points
Which of the following can serve as consideration?
Selected
Answer: Both a and
b.
Question 3
5 out of 5 points
Angus is a drywall contractor. He learns that his neighbor, Bonnie, had
some water damage and has been talking to Drywall Solutions, another
drywall contractor, to complete the repairs. Angus tells Bonnie that she
does not need to hire a drywall contractor and that he will perform the
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work at no cost if Bonnie will supply the drywall materials. Bonnie calls
Drywall Solutions, which had offered to do the work for $3,000, and tells
them not to come. Angus subsequently refuses to do the work. Bonnie has
to pay a third drywall contractor $4,000 to complete the job. What
argument should Bonnie make to recover from Angus?
Selected
Answer: That Bonnie relied on Angus’s promise to her
detriment.
Question 4
5 out of 5 points
True or false: An agreement modifying a contract governed by the UCC
does not require any consideration to be binding, but must be made in
good faith.
Selected Tru
Answer: e
Question 5
5 out of 5 points
Bookstore, Inc., an independent bookstore, is looking for a new location. It
agrees to buy a small house from Jones for $165,000 if the municipal
zoning board will approve Bookstore, Inc.’s request for a variance from the
local zoning ordinance, which currently only allows houses in this part of
town to be used as residences. The contract between Bookstore, Inc. and
Jones is
Selected
Answer: Enforceable, because Bookstore, Inc. has made an
enforceable conditional promise.
Question 6
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