Bus 311 Week 2 Quiz

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1. Question : Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big! I'll pay $10,000 to anyone who can show me a six-inch cockroach.” Will, a bug collector, overhears and promptly presents the landlord with his prize six-inch South American cockroach. The landlord refuses to pay, and Will sues. Which of the following best describes the situation?There is no contract because the landlord never intended to make an offer.There is no contract; a reasonable person wouldn’t believe the landlord intended to pay.There is no contract because Will did not have the power of acceptance.There is definitely a contract.2. Question : Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation?There is a contract, because Breanna has accepted the offer.There is no contract, because Breanna did not use a proper form of acceptance.There is no contract, because Breanna made a counteroffer.There is no contract, because Merlin never made an offer.3. Question : Delta Inc. offers to sell Omega Corp. a packaging machine. Omega responds “We’ll take it but only if there is a six-month warranty.” Which of the following is true?There is a contract, and Omega has a six-month warranty.There is a contract, but Omega does not have a six-month warranty.There is a contract unless the warranty term is a material change.There is no contract.4. Question : Seller agrees to supply all the gasoline Buyer needs for the next year at $3.00 per gallon. After three months, the price of gas falls to $2.33 per gallon. Buyer refuses to keep buying from Seller unless Seller lowers the price. Seller agrees. Two months later, the average price for gas goes up to $3.50 per gallon. Seller asks Buyer to agree to a price raise, but Buyer refuses. Which of the following is true?Buyer must pay $3.00 per gallon for the rest of the year.Buyer must pay $2.33 per gallon for the rest of the year.Buyer must pay $3.50 per gallon for the rest of the year.Seller can legally refuse to supply Buyer with any more gasoline for the rest of the year.5. Question : Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, “I accept. Make sure you wash and wax the car before you bring it over.” Which best describes the situation?There is a contract; Daniel must wash and wax the car.There is a contract, but Daniel does not have to wash and wax the car.There is no contract; Jen made a counteroffer.There is no contract unless Jen is willing to take an unwashed car.6. Question : Consideration ispart of a bargained -for exchange.either a benefit or detriment.an element of a contract.Two of the aboveAll of these7. Question : A simple contract need(s) tobe oral.be entered into by a person, not a business.not include an offer and acceptance.not be signed by the parties.8. Question : Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A widgets in stock, so it ships Alpha 100 Grade B widgets instead. Which of the following is true?Beta has made a counteroffer.Beta has accepted Alpha’s offer.Beta has breached.Two of these.9. Question : If an offeree attempts to add different terms in an acceptance, which of the following conflict with what the offeror stated?The terms cancel each other out.The offeror’s terms govern the contract.The offeree’s terms govern the contract.The offeree’s terms govern the contract unless the offeror objects.10. Question : Peter, an art dealer, offers to sell a painting to Ben, a teacher, for $200. Ben responds, “I accept. I want it in a red frame, like the one I saw on that other painting at your gallery, so it will match my sofa.” Peter and Benhave a contract and Peter must include the red frame.have a contract but the red frame is not included.have no contract because Ben is not a merchant.have no contract because Ben made a counteroffer. 
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1. Question : Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big! I'll pay $10,000 to anyone who can show me a six-inch cockroach.” Will, a bug collector, overhears and promptly presents the landlord with his prize six-inch South American cockroach. The landlord refuses to pay, and Will sues. Which of the following best describes the situation?There is no contract because the landlord never intended to make an offer.There is no contract; a reasonable person wouldn’t believe the landlord intended to pay.There is no contract because Will did not have the power of acceptance.There is definitely a contract.2. Question : Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation?There is a contract, because Breanna has accepted the offer.There is no contract, because Breanna did not use a proper form of acceptance.There is no contract, because Breanna made a counteroffer.There is no contract, because Merlin never made an offer.3. Question : Delta Inc. offers to sell Omega Corp. a packaging machine. Omega responds “We’ll take it but only if there is a six-month warranty.” Which of the following is true?There is a contract, and Omega has a six-month warranty.There is a contract, but Omega does not have a six-month warranty.There is a contract unless the warranty term is a material change.There is no contract.4. Question : Seller agrees to supply all the gasoline Buyer needs for the next year at $3.00 per gallon. After three months, the price of gas falls to $2.33 per gallon. Buyer refuses to keep buying from Seller unless Seller lowers the price. Seller agrees. Two months later, the average price for gas goes up to $3.50 per gallon. Seller asks Buyer to agree to a price raise, but Buyer refuses. Which of the following is true?Buyer must pay $3.00 per gallon for the rest of the year.Buyer must pay $2.33 per gallon for the rest of the year.Buyer must pay $3.50 per gallon for the rest of the year.Seller can legally refuse to supply Buyer with any more gasoline for the rest of the year.5. Question : Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, “I accept. Make sure you wash and wax the car before you bring it over.” Which best describes the situation?There is a contract; Daniel must wash and wax the car.There is a contract, but Daniel does not have to wash and wax the car.There is no contract; Jen made a counteroffer.There is no contract unless Jen is willing to take an unwashed car.6. Question : Consideration ispart of a bargained -for exchange.either a benefit or detriment.an element of a contract.Two of the aboveAll of these7. Question : A simple contract need(s) tobe oral.be entered into by a person, not a business.not include an offer and acceptance.not be signed by the parties.8. Question : Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A widgets in stock, so it ships Alpha 100 Grade B widgets instead. Which of the following is true?Beta has made a counteroffer.Beta has accepted Alpha’s offer.Beta has breached.Two of these.9. Question : If an offeree attempts to add different terms in an acceptance, which of the following conflict with what the offeror stated?The terms cancel each other out.The offeror’s terms govern the contract.The offeree’s terms govern the contract.The offeree’s terms govern the contract unless the offeror objects.10. Question : Peter, an art dealer, offers to sell a painting to Ben, a teacher, for $200. Ben responds, “I accept. I want it in a red frame, like the one I saw on that other painting at your gallery, so it will match my sofa.” Peter and Benhave a contract and Peter must include the red frame.have a contract but the red frame is not included.have no contract because Ben is not a merchant.have no contract because Ben made a counteroffer. 
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1. Question : Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big! I'll pay $10,000 to anyone who can show me a six-inch cockroach.” Will, a bug collector, overhears and promptly presents the landlord with his prize six-inch South American cockroach. The landlord refuses to pay, and Will sues. Which of the following best describes the situation?There is no contract because the landlord never intended to make an offer.There is no contract; a reasonable person wouldn’t believe the landlord intended to pay.There is no contract because Will did not have the power of acceptance.There is definitely a contract.2. Question : Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation?There is a contract, because Breanna has accepted the offer.There is no contract, because Breanna did not use a proper form of acceptance.There is no contract, because Breanna made a counteroffer.There is no contract, because Merlin never made an offer.3. Question : Delta Inc. offers to sell Omega Corp. a packaging machine. Omega responds “We’ll take it but only if there is a six-month warranty.” Which of the following is true?There is a contract, and Omega has a six-month warranty.There is a contract, but Omega does not have a six-month warranty.There is a contract unless the warranty term is a material change.There is no contract.4. Question : Seller agrees to supply all the gasoline Buyer needs for the next year at $3.00 per gallon. After three months, the price of gas falls to $2.33 per gallon. Buyer refuses to keep buying from Seller unless Seller lowers the price. Seller agrees. Two months later, the average price for gas goes up to $3.50 per gallon. Seller asks Buyer to agree to a price raise, but Buyer refuses. Which of the following is true?Buyer must pay $3.00 per gallon for the rest of the year.Buyer must pay $2.33 per gallon for the rest of the year.Buyer must pay $3.50 per gallon for the rest of the year.Seller can legally refuse to supply Buyer with any more gasoline for the rest of the year.5. Question : Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, “I accept. Make sure you wash and wax the car before you bring it over.” Which best describes the situation?There is a contract; Daniel must wash and wax the car.There is a contract, but Daniel does not have to wash and wax the car.There is no contract; Jen made a counteroffer.There is no contract unless Jen is willing to take an unwashed car.6. Question : Consideration ispart of a bargained -for exchange.either a benefit or detriment.an element of a contract.Two of the aboveAll of these7. Question : A simple contract need(s) tobe oral.be entered into by a person, not a business.not include an offer and acceptance.not be signed by the parties.8. Question : Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A widgets in stock, so it ships Alpha 100 Grade B widgets instead. Which of the following is true?Beta has made a counteroffer.Beta has accepted Alpha’s offer.Beta has breached.Two of these.9. Question : If an offeree attempts to add different terms in an acceptance, which of the following conflict with what the offeror stated?The terms cancel each other out.The offeror’s terms govern the contract.The offeree’s terms govern the contract.The offeree’s terms govern the contract unless the offeror objects.10. Question : Peter, an art dealer, offers to sell a painting to Ben, a teacher, for $200. Ben responds, “I accept. I want it in a red frame, like the one I saw on that other painting at your gallery, so it will match my sofa.” Peter and Benhave a contract and Peter must include the red frame.have a contract but the red frame is not included.have no contract because Ben is not a merchant.have no contract because Ben made a counteroffer. 
http://www.ashfordhomeworks.com/download/bus-311-week-2-quiz/Download answer at http://www.ashfordhomeworks.com/download/bus-311-week-2-quiz/
1. Question : Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big! I'll pay $10,000 to anyone who can show me a six-inch cockroach.” Will, a bug collector, overhears and promptly presents the landlord with his prize six-inch South American cockroach. The landlord refuses to pay, and Will sues. Which of the following best describes the situation?There is no contract because the landlord never intended to make an offer.There is no contract; a reasonable person wouldn’t believe the landlord intended to pay.There is no contract because Will did not have the power of acceptance.There is definitely a contract.2. Question : Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation?There is a contract, because Breanna has accepted the offer.There is no contract, because Breanna did not use a proper form of acceptance.There is no contract, because Breanna made a counteroffer.There is no contract, because Merlin never made an offer.3. Question : Delta Inc. offers to sell Omega Corp. a packaging machine. Omega responds “We’ll take it but only if there is a six-month warranty.” Which of the following is true?There is a contract, and Omega has a six-month warranty.There is a contract, but Omega does not have a six-month warranty.There is a contract unless the warranty term is a material change.There is no contract.4. Question : Seller agrees to supply all the gasoline Buyer needs for the next year at $3.00 per gallon. After three months, the price of gas falls to $2.33 per gallon. Buyer refuses to keep buying from Seller unless Seller lowers the price. Seller agrees. Two months later, the average price for gas goes up to $3.50 per gallon. Seller asks Buyer to agree to a price raise, but Buyer refuses. Which of the following is true?Buyer must pay $3.00 per gallon for the rest of the year.Buyer must pay $2.33 per gallon for the rest of the year.Buyer must pay $3.50 per gallon for the rest of the year.Seller can legally refuse to supply Buyer with any more gasoline for the rest of the year.5. Question : Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, “I accept. Make sure you wash and wax the car before you bring it over.” Which best describes the situation?There is a contract; Daniel must wash and wax the car.There is a contract, but Daniel does not have to wash and wax the car.There is no contract; Jen made a counteroffer.There is no contract unless Jen is willing to take an unwashed car.6. Question : Consideration ispart of a bargained -for exchange.either a benefit or detriment.an element of a contract.Two of the aboveAll of these7. Question : A simple contract need(s) tobe oral.be entered into by a person, not a business.not include an offer and acceptance.not be signed by the parties.8. Question : Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A widgets in stock, so it ships Alpha 100 Grade B widgets instead. Which of the following is true?Beta has made a counteroffer.Beta has accepted Alpha’s offer.Beta has breached.Two of these.9. Question : If an offeree attempts to add different terms in an acceptance, which of the following conflict with what the offeror stated?The terms cancel each other out.The offeror’s terms govern the contract.The offeree’s terms govern the contract.The offeree’s terms govern the contract unless the offeror objects.10. Question : Peter, an art dealer, offers to sell a painting to Ben, a teacher, for $200. Ben responds, “I accept. I want it in a red frame, like the one I saw on that other painting at your gallery, so it will match my sofa.” Peter and Benhave a contract and Peter must include the red frame.have a contract but the red frame is not included.have no contract because Ben is not a merchant.have no contract because Ben made a counteroffer. 
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1. Question : Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big! I'll pay $10,000 to anyone who can show me a six-inch cockroach.” Will, a bug collector, overhears and promptly presents the landlord with his prize six-inch South American cockroach. The landlord refuses to pay, and Will sues. Which of the following best describes the situation?There is no contract because the landlord never intended to make an offer.There is no contract; a reasonable person wouldn’t believe the landlord intended to pay.There is no contract because Will did not have the power of acceptance.There is definitely a contract.2. Question : Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation?There is a contract, because Breanna has accepted the offer.There is no contract, because Breanna did not use a proper form of acceptance.There is no contract, because Breanna made a counteroffer.There is no contract, because Merlin never made an offer.3. Question : Delta Inc. offers to sell Omega Corp. a packaging machine. Omega responds “We’ll take it but only if there is a six-month warranty.” Which of the following is true?There is a contract, and Omega has a six-month warranty.There is a contract, but Omega does not have a six-month warranty.There is a contract unless the warranty term is a material change.There is no contract.4. Question : Seller agrees to supply all the gasoline Buyer needs for the next year at $3.00 per gallon. After three months, the price of gas falls to $2.33 per gallon. Buyer refuses to keep buying from Seller unless Seller lowers the price. Seller agrees. Two months later, the average price for gas goes up to $3.50 per gallon. Seller asks Buyer to agree to a price raise, but Buyer refuses. Which of the following is true?Buyer must pay $3.00 per gallon for the rest of the year.Buyer must pay $2.33 per gallon for the rest of the year.Buyer must pay $3.50 per gallon for the rest of the year.Seller can legally refuse to supply Buyer with any more gasoline for the rest of the year.5. Question : Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, “I accept. Make sure you wash and wax the car before you bring it over.” Which best describes the situation?There is a contract; Daniel must wash and wax the car.There is a contract, but Daniel does not have to wash and wax the car.There is no contract; Jen made a counteroffer.There is no contract unless Jen is willing to take an unwashed car.6. Question : Consideration ispart of a bargained -for exchange.either a benefit or detriment.an element of a contract.Two of the aboveAll of these7. Question : A simple contract need(s) tobe oral.be entered into by a person, not a business.not include an offer and acceptance.not be signed by the parties.8. Question : Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A widgets in stock, so it ships Alpha 100 Grade B widgets instead. Which of the following is true?Beta has made a counteroffer.Beta has accepted Alpha’s offer.Beta has breached.Two of these.9. Question : If an offeree attempts to add different terms in an acceptance, which of the following conflict with what the offeror stated?The terms cancel each other out.The offeror’s terms govern the contract.The offeree’s terms govern the contract.The offeree’s terms govern the contract unless the offeror objects.10. Question : Peter, an art dealer, offers to sell a painting to Ben, a teacher, for $200. Ben responds, “I accept. I want it in a red frame, like the one I saw on that other painting at your gallery, so it will match my sofa.” Peter and Benhave a contract and Peter must include the red frame.have a contract but the red frame is not included.have no contract because Ben is not a merchant.have no contract because Ben made a counteroffer. 
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1. Question : Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big! I'll pay $10,000 to anyone who can show me a six-inch cockroach.” Will, a bug collector, overhears and promptly presents the landlord with his prize six-inch South American cockroach. The landlord refuses to pay, and Will sues. Which of the following best describes the situation?There is no contract because the landlord never intended to make an offer.There is no contract; a reasonable person wouldn’t believe the landlord intended to pay.There is no contract because Will did not have the power of acceptance.There is definitely a contract.2. Question : Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation?There is a contract, because Breanna has accepted the offer.There is no contract, because Breanna did not use a proper form of acceptance.There is no contract, because Breanna made a counteroffer.There is no contract, because Merlin never made an offer.3. Question : Delta Inc. offers to sell Omega Corp. a packaging machine. Omega responds “We’ll take it but only if there is a six-month warranty.” Which of the following is true?There is a contract, and Omega has a six-month warranty.There is a contract, but Omega does not have a six-month warranty.There is a contract unless the warranty term is a material change.There is no contract.4. Question : Seller agrees to supply all the gasoline Buyer needs for the next year at $3.00 per gallon. After three months, the price of gas falls to $2.33 per gallon. Buyer refuses to keep buying from Seller unless Seller lowers the price. Seller agrees. Two months later, the average price for gas goes up to $3.50 per gallon. Seller asks Buyer to agree to a price raise, but Buyer refuses. Which of the following is true?Buyer must pay $3.00 per gallon for the rest of the year.Buyer must pay $2.33 per gallon for the rest of the year.Buyer must pay $3.50 per gallon for the rest of the year.Seller can legally refuse to supply Buyer with any more gasoline for the rest of the year.5. Question : Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, “I accept. Make sure you wash and wax the car before you bring it over.” Which best describes the situation?There is a contract; Daniel must wash and wax the car.There is a contract, but Daniel does not have to wash and wax the car.There is no contract; Jen made a counteroffer.There is no contract unless Jen is willing to take an unwashed car.6. Question : Consideration ispart of a bargained -for exchange.either a benefit or detriment.an element of a contract.Two of the aboveAll of these7. Question : A simple contract need(s) tobe oral.be entered into by a person, not a business.not include an offer and acceptance.not be signed by the parties.8. Question : Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A widgets in stock, so it ships Alpha 100 Grade B widgets instead. Which of the following is true?Beta has made a counteroffer.Beta has accepted Alpha’s offer.Beta has breached.Two of these.9. Question : If an offeree attempts to add different terms in an acceptance, which of the following conflict with what the offeror stated?The terms cancel each other out.The offeror’s terms govern the contract.The offeree’s terms govern the contract.The offeree’s terms govern the contract unless the offeror objects.10. Question : Peter, an art dealer, offers to sell a painting to Ben, a teacher, for $200. Ben responds, “I accept. I want it in a red frame, like the one I saw on that other painting at your gallery, so it will match my sofa.” Peter and Benhave a contract and Peter must include the red frame.have a contract but the red frame is not included.have no contract because Ben is not a merchant.have no contract because Ben made a counteroffer. 
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