LAW 531 Week 4 Quiz 2 | University of Phoenix
- University of Phoenix / LAW 531
- 18 May 2022
- Price: $10
- Humanities Assignment Help / Law assignment help
LAW 531 Week 4 Quiz 2 | University of Phoenix
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. Which identifier describes the nature of item A?
A ring Hugh received from his grandmother several months before she died
o tangible property
o intangible/intellectual property
o realty
3. Which type of property is item B?
A motorbike Ned got from the Harley-Davidson store for $53,000
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
4. Which identifier describes the nature of item B?
A motorbike Ned got from the Harley-Davidson store for $53,000
o tangible property
o intangible/intellectual property
o realty
5. Which type of property is item C?
A motorless army jeep left on the plot of land Corey bought
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
6. Which identifier describes the nature of item C?
A motorless army jeep left on the plot of land Corey bought
o tangible property
o intangible/intellectual property
o realty
7. Which type of property is item D?
A pair of high-quality cleats that Candace found on the football field after a game
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
8. Which identifier describes the nature of item D?
A pair of high-quality cleats that Candace found on the football field after a game
o tangible property
o intangible/intellectual property
o realty
9. Which type of property is item E?
A Sony Walkman that Mary left in her will for her nephew, Zeppelin
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
10. Which identifier describes the nature of item E?
A Sony Walkman that Mary left in her will for her nephew, Zeppelin
o tangible property
o intangible/intellectual property
o realty
11. Which type of property is item F?
The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
12. Which 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The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired
o tangible property
o realty
o intangible/intellectual property
13. Which of the following is not true of offers?
o An offeree may reject an offer and present a counteroffer.
o An offeree’s silence may be counted as an agreement.
o If a counteroffer is accepted, the original offer is terminated.
o An offer may be terminated immediately if the offeree refuses it.
14. Which of the following constitutes grounds for canceling a contract?
o bilateral mistake of value
o unilateral mistake of fact
o mutual mistake of fact
o mutual mistake of value
15. _________________ damages are designed to punish someone for breaching a contract and are usually only available in fraud or bad faith cases.
o Punitive
o Consequential
o Nominal
o Compensatory
16. Which of the following contracts is required to be in writing?
o a contract for the lease of a motorcycle with payments of $500
o a contract for the sale of a bicycle for $200
o a contract for the sale of a bed for $350
o a prenuptial agreement
17. A valid contract must include all of the following except which one?
o agreement
o legality
o assent
o mutual respect
18. The __________ rule states that an offer made by one merchant to another may remain open for a set time during which it cannot be revoked.
o parol evidence
o mirror image
o main purpose
o firm offer
19. A person who owes a duty under a contract is called a(n) _________________.
o offeror
o delegator
o obligor
o assignor
20. A person who is owed a right under a contract is called a(n) _________________.
o delegatee
o obligee
o assignee
o offeree
USA 
India