Devry Laws 310 Week 6 Quiz - Latest

DeVry LAWS 310 Week 6 quiz - Latest
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DeVry LAWS 310 Week 6 quiz - Latest

1. (TCO 6) What are the three major sources of contract law, and how do they affect contract law? (Points : 10)

Question 2.2. (TCO 7) What are the elements that must be shown to prove that a contract is unconscionable? What is the course of action taken by a court if a contract is found to be unconscionable? (Points : 5)

Question 3.3. (TCO 7) A person enters into a contract with another by writing the terms of the contract on a notepad. Is this a valid contract? Does the law accept writing on the notepad as a proof of that contract? (Points : 5)

Question 4.4. (TCO 7) Discuss a situation where a legal right can be assigned to a third party, and provide an example. (Points : 5)

Question 5.5. (TCO 7) The parties negotiated the sale of 100 black folding. The seller shipped the chairs to the buyer in cartons of 10 chairs each. After the cartons arrived, the buyer put them in a storage facility for later use but did not open up the cartons or examine the contents. A month later he needed 10 chairs for meeting and he retrieved one carton and removed the 10 black folding chairs. He subsequently used an additional 50 chairs, all of which were black. Six months later he opened the remaining four cartons and discovered that the folding chairs were a dark blue. He sued the seller for breach of contract. What are the possible remedies?(Points : 5)

Question 6.6. (TCO 6) Explain, in brief, express terms and their significance. (Points : 5)

Question 7.7. (TCO 6) List the four ways in which an offer can be terminated by operation of law, and explain them in brief. (Points : 10)

Question 8.8. (TCO 7) Discuss the consequences of the failure to provide a notice of...