LAW531

 

1. Which type of property is item A?
    A ring Hugh received from his grandmother several months before she died

   mislaid property
   abandoned property
   gift
   inherited (bequeathed) property
   purchase

2. Bookmark question for laterWhich identifier describes the nature of item A?
    A ring Hugh received from his grandmother several months before she died

   tangible property
   intangible/intellectual property
   realty

   Save Time On Research and Writing

   Hire a Pro to Write You a 100% Plagiarism-Free Paper.

   Get My Paper
3. Bookmark question for laterWhich type of property is item B?
   A motorbike Ned got from the Harley-Davidson store for $53,000

   mislaid property
   abandoned property
   gift
   inherited (bequeathed) property
   purchase

4. Bookmark question for laterWhich identifier describes the nature of item B?
   A motorbike Ned got from the Harley-Davidson store for $53,000

   tangible property
   intangible/intellectual property
   realty

5. Bookmark question for laterWhich type of property is item C?
   A motorless army jeep left on the plot of land Corey bought

   mislaid property
   abandoned property
   gift
   inherited (bequeathed) property
   purchase

6. Bookmark question for laterWhich identifier describes the nature of item C?
   A motorless army jeep left on the plot of land Corey bought

   tangible property
   intangible/intellectual property
   realty

7. Bookmark question for laterWhich type of property is item D?
   A pair of high-quality cleats that Candace found on the football field after a game

   mislaid property
   abandoned property
   gift
   inherited (bequeathed) property
   purchase

8. Bookmark question for laterWhich identifier describes the nature of item D?
   A pair of high-quality cleats that Candace found on the football field after a game

   tangible property
   intangible/intellectual property
   realty

9. Bookmark question for laterWhich type of property is item E?
   A Sony Walkman that Mary left in her will for her nephew, Zeppelin

   mislaid property
   abandoned property
   gift
   inherited (bequeathed) property
   purchase

10. Bookmark question for laterWhich identifier describes the nature of item E?
    A Sony Walkman that Mary left in her will for her nephew, Zeppelin

    tangible property
    intangible/intellectual property
    realty

11. Bookmark question for laterWhich type of property is item F?
    The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired

    mislaid property
    abandoned property
    gift
    inherited (bequeathed) property
    purchase

12. Bookmark question for laterWhich identifier describes the nature of item F?
    The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired

    intangible/intellectual property
    realty
    tangible property

13. Bookmark question for laterWhich of the following is not true of offers?

    An offeree’s silence may be counted as an agreement.
    If a counteroffer is accepted, the original offer is terminated.
    An offer may be terminated immediately if the offeree refuses it.
    An offeree may reject an offer and present a counteroffer.

14. Bookmark question for laterWhich of the following constitutes grounds for canceling a contract?

    mutual mistake of value
    bilateral mistake of value
    mutual mistake of fact
    unilateral mistake of fact

15. Bookmark question for later_________________ damages are designed to punish someone for breaching a contract and are usually only available in fraud or bad faith cases.

    Nominal
    Punitive
    Consequential
    Compensatory

16. Bookmark question for laterWhich of the following contracts is required to be in writing?

    a contract for the sale of a bicycle for $200
    a contract for the lease of a motorcycle with payments of $500
    a contract for the sale of a bed for $350
    a prenuptial agreement

17. Bookmark question for laterA valid contract must include all of the following except which one?

    mutual respect
    legality
    agreement
    assent

18. Bookmark question for laterThe __________ rule states that an offer made by one merchant to another may remain open for a set time during which it cannot be revoked.

    firm offer
    main purpose
    mirror image
    parol evidence

19. Bookmark question for laterA person who owes a duty under a contract is called a(n) _________________.

    assignor
    delegator
    obligor
    offeror

20. Bookmark question for laterA person who is owed a right under a contract is called a(n) _________________.

    delegatee
    offeree
    assignee
    obligee