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BUA250 Business Law I Final Exam Questions With Complete Solutions.pdf
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BUA250 Business Law I Final Exam Questions With Complete S
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BUA250 BUsiness LAw i FinAL exAm QUestionswith CompLete soLUtions
True or False: Contractual obligations will be discharged when the
specific subject matter of the contract is destroyed. -answer True
True or False: The standard measure of compensatory damages is the
value of the breaching party's actual performance. - answer False.
Beryl enters into a contract with Clay for a guided tour of Deep Canyon.
Clay represents that he is an experienced, knowledgeable guide, when
in reality he has never been in the canyon. Most likely, Beryl
Select one:
a. can rescind the deal based on fraudulent misrepresentation.
b. might recover damages for the mistake.
,c. must comply with the contract because the representation is an
opinion.
d. could exert duress to obtain a new guide. answer - a. can rescind the
deal based on fraudulent misrepresentation.
Bottling Company enters into a contract with Chug's Brewery to provide
certain bottling and delivery services. Before Bottling starts to work, the
market price rises for the fuel for glass ovens. Bottling tells Chug's that
due to the added cost it will not perform their deal. Bottling's
contractual obligation to Chug's is
Select one:
a. rescinded.
b. discharged.
c. breached.
d. suspended. - answer c. breached.
, Bill and Charlene enter into a contract for the clearing, plowing, and
preparing of Charlene's 100-acre tract for which she agrees to pay
$1,000. Bill transfers his duty under this contract to Dewey. With
respect to the duties under the original contract, this transfer
Select one:
a. is an invalid transfer of a non-transferable obligation.
b. requires a special form to constitute a valid transfer.
c. extinguishes Bill's obligation to perform.
d. does not relieve Bill of the potential obligation to perform. - answer d.
does not relieve Bill of the potential obligation to perform.
Don enters into a contract to buy Ezra's office building for a certain
price subject to an appraiser's evaluation of the structure's condition. If
the appraiser deems the condition to be substandard, the parties'
obligations will be
Select one:
a. discharged.
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