Posted: August 31st, 2024

Business Law Contracts Essay

Question description

1. The injury suffered by a nonbreaching party due to the breach of a contract may be remedied by payment of compensatory damages. (Points : 1)  True  False Question 2. 2. The terms in a click on agreement may be enforced if they are construed as parts of a contract. (Points : 1)  True  False Question 3. 3. All of the terms presented in shrink-wrap agreements have been enforced. (Points : 1)  True  False Question 4. 4. State e-signature laws are uniform. (Points : 1)  True  False Question 5. 5. The failure of one party to perform a contract entitles the other party to rescind the deal without returning whatever goods, property, or money was previously conveyed. (Points : 1)  True  False Question 6. 6. Rolling Stock Corporation and Short Supply, Inc., business firms, transact a deal over the Internet. Their contract does not mention the UETA. The UETA covers (Points : 1)  none of the contract.  only the part of the contract that concerns computer information.  only the part of the contract that does not concern computer information.  the entire contract.Question 7. 7. Research Products, Inc., and Scientific Tools Corporation enter into a con­tract online in a state that has enacted a modified version of the UETA in which a procedure for the use of e-signatures is different from that provided in the E-SIGN Act. The alternative procedure is effective if it is: (Points : 1)  consistent with the E-SIGN Act  inconsistent with the E-SIGN Act.  significantly different from the E-SIGN Act.  sufficiently distinctive from the E-SIGN Act.Question 8. 8. Even if there is no monetary loss, damages may be assessed to recognize wrongdoing. (Points : 1)  True  False Question 9. 9. Even if there is no monetary loss, damages may be assessed to recognize wrongdoing. (Points : 1)  True  False Question 10. 10. The UETA requires the use of security procedures to verify changes to e-documents. (Points : 1)  True  False Question 11. 11. The four broad types of damages in contract law are compensatory, conse­quential, punitive, and actual damages. (Points : 1)  True  False Question 12. 12. Cody and Dana engage in a transaction that involves e-documents. The E-SIGN Act applies if those documents include: (Points : 1)  court papers.  evictions.  foreclosures.  none of the above.Question 13. 13. Mary and Nick make a deal that comes under the UETA. Under the UETA, “information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form” is: (Points : 1)  an e-document.  an e-signature.  an e-transaction.  a record.Question 14. 14. Dina buys from E-Things, Inc., a product that includes a shrink-wrap agreement. A dispute arises, and E-Things files a suit against Dina. The court will enforce the agreement if Dina used the product (Points : 1)  after having had an opportunity to read the agreement.  before having had an opportunity to read the agreement.  only after actually reading the agreement.  none of the choices.Question 15. 15. Alan and Beth, consumers, transact a deal over the Internet. Their contract does not mention the UETA. The UETA covers: (Points : 1)  none of the contract.  only the part of the contract that concerns computer information.  only the part of the contract that does not concern computer information.  the entire contract.Question 16. 16. Courts generally do not grant specific performance of personal service contracts. (Points : 1)  True  False Question 17. 17. Remedies that an innocent party may use on a contract’s breach include damages, rescission, specific performance, and reformation. (Points : 1)  True  False Question 18. 18. Central Processing Corporation and Digital Data, Inc., enter into a con­tract online in a state that has enacted an unmodified version of the UETA. With regard to the E-SIGN Act: (Points : 1)  the E-SIGN Act does not preempt this version of the UETA.  the E-SIGN Act preempts this version of the UETA.  the two acts “cancel” each other’s application.  none of the above.Question 19. 19. The remedy for a seller’s breach of a contract for a sale of real estate is normally an award of the property to the buyer. (Points : 1)  True  False Question 20. 20. First Design Corporation, a business firm, and Gary, a consumer, make a deal over the Internet that involves e-signatures. Under the E-SIGN Act, for the e-signatures to be enforceable: (Points : 1)  both parties must have agreed to use e-signatures.  neither party must have agreed to use e-signatures.  only First Design must have agreed to use an e-signature.  only Gary must have agreed to use an e-signature.

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