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
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
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
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
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
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
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
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
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
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
Bookmark question for laterWhich type of property is item F? The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired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
Bookmark question for laterWhich identifier describes the nature of item F? The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired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
Bookmark question for laterWhich of the following is not true of offers?
An offerees 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.
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
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
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
Bookmark question for laterA valid contract must include all of the following except which one?
mutual respect
legality
agreement
assent
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
Bookmark question for laterA person who owes a duty under a contract is called a(n) _________________.
assignor
delegator
obligor
offeror
Bookmark question for laterA person who is owed a right under a contract is called a(n) _________________.
