Practice Quiz: Chapter 02 Ethics and Social Responsibility in Business 9 of 20 < > Attempts left: 1 Total points: 7/20 Credit only Rosalina is having a garage sale and posts a sign on her garage door that says, "Caveat emptor." She did this because she wants people to know all sales are final (no refunds or exchanges) she is selling low quality items
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Allane agreed to sell her 1959 Chevy to Susan. Allane later refused to tender the car. What is Susan's best remedy? Group of answer choices: Cover Specific performance Resell the car Demand purchase price Question 2: When the terms of a buyer's purchase order do not match the terms of the seller's invoice, this dilemma is known as Group of answer choices: Open terms Battle of consideration Battle of the forms Breach of contract Question 3: Which of the following is a buyer's right? Group of answer choices: Cure before delivery Identify goods to the contract Inspect the goods Accept and pay for the goods Question 4: Bob has granted his neighbor the right to use Bob's driveway. What interest does the neighbor have? Group of answer choices: An easement A leasehold Fee simple absolute A defeasible fee Question 5: When collateral is lost or destroyed, the buyer Group of answer choices: Is subject to arrest Is in default Has satisfied the obligation under the loan Is no longer holding a PMSI
Akash M.
For a minor's disaffirmance of a contract to be effective, the disaffirmance must be: - of the entire contract. - agreed to by the merchant. - done in court. 2. If an attorney acts improperly, he or she should be reported to: - none of the choices. - his or her parents. - the police. - the State Bar Association. 3. If an offer is made to the general public, then the offer can be accepted by any member of: - the general public. - a credit union. - good standing in the community. - that merchant shopper's club. 4. If the offer and acceptance contain different or conflicting terms, the conflicting terms: - nullify the entire contract. - become part of the contract nonetheless. - do NOT become part of the contract. 5. Minors are not allowed to bring: - none of the choices. - their parents into a transaction. - defective merchandise back to a merchant. - their own lawsuits.
Shu N.
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