1“Necessaries” for minor contracts do not usually include 


Answer

a. Transportation

b. Education

c. Insurance

d. Medical Care

 

2 What as a general rule makes a covenant-not-to-compete legal in an employment contract? 

Answer

a The covenant must be reasonable as to time/duration.

b The covenant must be reasonable as to place/territory.

c  The employer must be able to demonstrate that the covenant was necessary to protect a legitimate business interest of the employer.

d All of the above.

 

3 A provision under the UCC which affects merchants differently from nonmerchants is: 


Answer

a. The effect of additional terms in an acceptance.

b. The firm offer rule.

c. The written confirmation rule.

d. All of the above.

 

4Which of the following is a correct statement? 


Answer

a. Incorporators must sign and execute the articles of incorporation of a U.S corporation.

b. Most states in the U.S limit the duration of a corporation to fifty years plus a day, which time period can be renewed.

c. A tenancy at will under U.S law is created by an express contract by which personal property is leased for a specific period of time.

d. A quitclaim deed warrants more than any other deed under U.S real estate law.

 

    • 10 years ago
    A+ Answers
    NOT RATED

    Purchase the answer to view it

    blurred-text
    • attachment
      31.doc