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2012FA-BUSI-2301-6001 (2012FA-BUSI-2301-6001)
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Take Test: Exam 2
Content
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Instructions
Description | Chapters 7 - 11 | Instructions | Please read each question carefully before answering, Remember to submit the exam when you finish. | Timed Test | This Test has the time limit of 1 hour. You are notified when time expires, and you may continue or submit.
Warnings appear when half the time, 5 minutes, 1 minute, and 30 seconds remain. | Multiple Attempts | This Test allows 3 attempts. This is attempt number 1. | Force Completion | This Test can be saved and resumed later. |
Saving AnswerRemaining Time:56 minute, 17 seconds.
Question Completion Status:
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Question 1 1. In most states, a release requires a signed writing.
AnswerTrue
False
2.5 points
Question 2 1. The doctrine of promissory estoppel requires a clear and definite promise.
AnswerTrue
False
2.5 points
Question 3 1. A novation revokes and discharges a prior contract.
AnswerTrue
False
2.5 points
Question 4 1. All collateral promises must be in writing to be enforceable.
AnswerTrue
False
2.5 points
Question 5 1. Steven, who is Bertha 's guardian, convinces her to buy a certain parcel of land from Christy at a greatly inflated price. Steven may be liable for
Answer
| | duress. | | | fraud. | | | puffery. | | | undue influence. |
2.5 points
Question 6 1. Under the Statute of
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