Law > EXAM > BUS110-93751 (F2F) Bus Law Legal Environment, Quiz 2 (Module 3-4) (Remotely Proctored) (All)

BUS110-93751 (F2F) Bus Law Legal Environment, Quiz 2 (Module 3-4) (Remotely Proctored)

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Quiz 2 (Module 3-4) (Remotely Proctored) Due Feb 23 at 11:59pm Points 25 Questions 25 Available Feb 17 at 12am - Feb 23 at 11:59pm 7 days Time Limit 60 Minutes Instructions This quiz was locked Fe... b 23 at 11:59pm. Attempt History Attempt Time Score LATEST Attempt 1 40 minutes 19 out of 25 Quiz 2 contains questions from Chapters 9-16.  Score for this quiz: 19 out of 25 Submitted Feb 23 at 11:55pm This attempt took 40 minutes. Ques 0 / 1 pts tion 1 The mailbox rule: has a lineage tracing back less than 50 years to the English courts. states that the solution is not the same as the rationale for the rule. states that the acceptance is not effective until received by the offeror. places the burden on the offeror. orrect Answer states that the offeree alone has the power to fix the moment of effectiveness. ou Answered Q 1 / 1 pts uestion 2 Under the UCC, an acceptance may vary from the offer but still form a valid contract. True Correct! False Q 1 / 1 pts uestion 3  According to the UCC, an offer must remain open for the time period stated or, if no time period is given, at least for a reasonable period of time, which may not exceed five months. True False Correct! Ques 1 / 1 pts tion 4 A person who was intoxicated at the time he made a contract cannot subsequently ratify it. True False Correct! Ques 1 / 1 pts tion 5 Seller represents to Buyer that "the basement of this house is dry," and it was when Seller said that. But three months later the foundation settles and the basement becomes very damp. Seller has an obligation to disabused Seller of the now incorrect information. True Correct! False [Show More]

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