Test Bank For The Law of Contracts and the Uniform Commercial Code 2nd Edition by Pamela Tepper

The Law of Contracts and the Uniform Commercial Code, 2nd Revision by Pamela Tepper Test Bank is proven material especially when you want to do well in contract law studies. This test bank gives an elaborate way out of questions and situations based on case law making it easy to master the basic principles of contracts and the ucc. It does not matter whether you are getting ready for the exams, struggling with difficult aspects of the contract, or developing your reasoning skills, this test bank provides effective insights into the intricacies of law material.

What Is Contained In The Test Bank?

With the use of this test bank, you will browse through:

• All Encompassing Questions: These questions are remedial to every concept that comes out in each of the chapters including the vital notions of the Uniform Commercial Code as well as the principles of a contract such as offer, acceptance, consideration, and enforceable.
• Applied Scenarios: Concerning how contracts work out in real-life situations for example how the law works. Through these examples you are able to grasp important concepts such as what a breach of contractual obligations is, what it means to perform a contract, and what the UCC provides as remedies.
• Short Study and Revision Aids: Every part of this test bank is structured in a way to minimize the time study requires as every section contains simple resources that are neat enough for one to concentrate on learning the topic rather than going through hundreds of notes and textbooks this is most suitable for students who are looking for ways to cut their study time in half.

Reasons Why Students Must Use This Test Bank

Quite logically, students can accomplish the following by utilizing this test bank:

• Pass Tests: Students gain sufficient confidence in how to handle contract law having a variety of knowledge at hand which is helpful whenever they are doing contract law exams.
• Reduce resources: The test bank has all the practice questions and answers compiled in one place and is great for student convenience and learning.
• Enhance Strategies: By doing case studies, students are exposed to legal aspects and economic issues underlying contracts and commercial codes.

What Makes These Two The Law of Contracts And the Uniform Commercial Code Specific?

At the minimum level, those individuals who would find it necessary to understand contract law would need to grasp the UCC. By building up a cadre second edition of this work, Pamela Tepper hopes that the students receive an up-to-date view about the issues of negotiation, rights, and obligations, under the UCC. Using this test bank gives students a better understanding of the trends in the industry which are ideal for the legal, business, as well as personal world.

Conclusion

The Law of Contracts and the Uniform Commercial Code, 2nd Edition Test Bank by Pamela Tepper is an additional resource that aid learning and comprehension of contract law. This material equips you with practice questions and exposes you to real-lifeife applications as well as other study aids thus making you ready for examinations and practical situations concerning contract law, which seems to be quite a challenge. Dive in to build your understanding of contract obligations, negotiate, ion and commercial transactions as well as enhance your performance in contract law and even in your future endeavors.

Test Bank For The Law of Contracts and the Uniform Commercial Code 2nd Edition by Pamela Tepper

Chapter 2 – Contract Basics: An Overview

TRUE/FALSE 

1.The person who makes the promise is the tpromisesee.

a. True

b. False

ANS: F PTS: 1

2.Consideration is a necessary element in a contract.

a. True

b. False

ANS: T PTS: 1

3. An express contrails is specifically stated.

a. True

b. False

ANS: T PTS: 1

4.An executory contract is a fully performed contract.

a. True

b. False

ANS: F PTS: 1

5. A void contramaymay be avoided by one of the parties to the contract.

a. True

b. False

ANS: F PTS: 1

6.All contracts must have a formal seal to be legal and binding.

a. True

b. False

ANS: F PTS: 1

7.An informal contract may be oral or written.

a. True

b. False

ANS: T PTS: 1  Implied-in-factact contracts are inferred from the facts and circumstances surrounding the contract.

a. True

b. False

ANS: T PTS: 1

9.A distinguishing characteristic of bilateral and unilateral contracts is the method of exchange between the parties.

a. True

b. False

ANS: F PTS: 1

10. All contracts must be express and executed to be valid and binding on the parties.

a. True

b. False

ANS: F PTS: 1

MULTIPLE CHOICE 

1.To have a binding contract, one necessary element is __________.

a.	Mutual assent	c.	a and b
b.	Capacity	d.	None of the above

ANS: C PTS: 1

2.The following is not an element of a contract __________.

a.	Signature	c.	Offer
b.	Legality	d.	Consideration

ANS: A PTS: 1

3.All contracts must be __________.

a.	Archaic	c.	In writing
b.	Legal	d.	Signed by the parties

ANS: B PTS: 1

4.A contract where there is an exchange of promises between the parties is __________.

a.	Unilateral	c.	All of the above
b.	Bilateral	d.	None of the above

ANS: B PTS: 1

5quasi-contractract is an __________.

a.	Implied in law contract	c.	Illegal contract
b.	Implied in fact contract	d.	Informal contract

ANS: A PTS: 1

6.A contract that has no legal effect is __________.

a.	Formal	c.	Valid
b.	Voidable	d.	Void

ANS: D PTS: 1

7.A formal contract may require __________.

a.	Seal	c.	All of the above
b.	Signatures	d.	None of the above

ANS: C PTS: 1

8.The statute that requires contracts to be in writing is __________.

a.	The statute of limitations	c.	UCITA
b.	The statute of fraud	d.	None of the above

ANS: B PTS: 1

9.Consideration can be __________.

a.	Money	c.	Services
b.	Property	d.	All of the above

ANS: D PTS: 1

 10.The perswhohat makes the offer is called the__________.

a.	Offeree	c.	Promisee
b.	Offeror	d.	Acceptor

ANS: B PTS: 1

MATCHING

a.	promisee
b.	valid contract
c.	contract
d.	executed contract
e.	quasi-contract
f.	unilateral contract
g.	promisor
h.	void contract
i.	express contract
j.	capacity

1.A contract that has all the necessary elements.

2.An agreement between parties for value that is legally enforceable.

3.A contract that promotes fairness and justice.

4.A fully performed contract.

5.A contract that has no legal effect.

6.The  legal ability to enter into a contract.

7.The person to whom the promise is made.

8. A contract that is specifically stated.

9.The person making the promise in a contract.

 10.A contract where the act of performing is the acceptance.

1. ANS: BPTS:1

2. ANS: CPTS:1

3. ANS: EPTS:1

4. ANS: DPTS:1

5. ANS: HPTS:1

6. ANS: JPTS:1

7. ANS: APTS:1

8. ANS: IPTS:1

9. ANS: GPTS:1

10. ANS: FPTS:1