100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BUL 5810 Exam 3 Questions & 100% Correct Answers $10.49   Add to cart

Exam (elaborations)

BUL 5810 Exam 3 Questions & 100% Correct Answers

 8 views  0 purchase
  • Course
  • BUL 5810
  • Institution
  • BUL 5810

Most contracts are governed primarily by State ___________ ______, including contracts involving employment, services, insurance, real property (land and anything attached to it), patents, and copyrights. ~~> common law Article 2 of the UCC governs the: ~~> sale of goods "Sale" is...

[Show more]

Preview 3 out of 30  pages

  • September 12, 2024
  • 30
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUL 5810
  • BUL 5810
avatar-seller
ExamArsenal
1 | P a g e | © copyright 2024/2025 | Grade A+




BUL 5810 Exam 3 Questions & 100%
Correct Answers
Most contracts are governed primarily by State ___________ ______, including

contracts involving employment, services, insurance, real property (land and

anything attached to it), patents, and copyrights.

✓ ~~> common law




Article 2 of the UCC governs the:

✓ ~~> sale of goods




"Sale" is defined as:

✓ ~~> the transfer of title from seller to buyer.




Goods are defined as:

✓ ~~> tangible personal property (personal property is all property

other than an interest in land)




International Contracts involve additional issues beyond those in domestic

contracts, such as:

✓ ~~> differences in language, legal systems, and currency.




Master01 | September, 2024/2025 | Latest update

, 2 | P a g e | © copyright 2024/2025 | Grade A+



T or F: The United Nations Convention on Contracts for the International Sales

of Goods (CISG) governs all contracts for international sales of goods

between parties located in different nations that have ratified the CISG.

✓ ~~> True




What is a contract?

✓ ~~> A binding agreement that the courts will enforce.




Failure to perform a contractual obligation properly is known as a:

✓ ~~> breach




The parties to a contract must manifest by words or conduct that they have

agreed to enter into a contract; this is known as:

✓ ~~> Mutual Assent




Each party to a contract must intentionally exchange a legal benefit or incur

a legal detriment as an inducement to the other party to make a return

exchange; this is according to the principle of:

✓ ~~> consideration.




Master01 | September, 2024/2025 | Latest update

, 3 | P a g e | © copyright 2024/2025 | Grade A+



T or F: The purpose of a contract may be criminal, tortious, or otherwise

against public policy.

✓ ~~> False




The parties to a contract must have contractual ________________.

✓ ~~> capacity




An express contract is:

✓ ~~> an agreement that is stated in words, either orally or in writing.




An implied (in fact) contract is:

✓ ~~> a contract in which the agreement of the parties is inferred from

their conduct.




A contract in which both parties exchange promises is called a:

✓ ~~> bilateral contract




A contract in which only one party makes a promise, and that promise is

exchanged for an act or a forbearance to act, is called a:

✓ ~~> unilateral contract




Master01 | September, 2024/2025 | Latest update

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller ExamArsenal. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79373 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.49
  • (0)
  Add to cart