Handwritten words are given less importance by the court than preprinted words on a written contract. Question 11 options:   True   False In order to agree to an offer, the offeree must know of the offer. Question 12 options:   True   False An advertisement is an offer for a sale of an item by express contract. Question 13 options:   True   False Any modifications to the offer by the offeree, modifies the offer and makes it a counter offer. Question 14 options:   True   False Uniform Commercial Code covers contracts relevant to sale or lease of goods. Question 15 options:   True   False

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When a negotiator has reliable, thorough information about the negotiation object or service, they are in a good position to _____. Group of answer choices immediately reject the counterparty's first offer refuse to make any concessions determine the exact midpoint between the last two offers on the table open with an assertive aspiration point to anchor their offer early in the negotiation

Which of the following remedies may be provided for in a contract? Question 6Answer a. liquidated damages, deposits, down payments b. rescission, specific performance, injunction c. all of the above d. none of the above

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a) List the five requirements for contract formation and give a short (approximately 1–2 sentences) description of each requirement.b) Choose one of the requirements from your answer to (a). Write a short (approxi- mately 5–10 sentences) example of a contract that does not satisfy this requirement and explain why.

If a prospect does NOT submit the initial premium with an application, the producer Su A refuse the application submit the application to the insurance company and advance the premium for the prospect from the agency account submit the application to the insurance company without the premium give the applicant a conditional receipt and send the application to the insurance company without the premium OB OC. OD

Incorrect Question 7 After you finish speaking at a business law conference, an eager fan asks you how long is an offer considered open for acceptance by the offeree. Your pithy reply is which of the following? Unless the terms of the offer state otherwise, the offer is open for a reasonable amount of time. Indefinitely, until the offeror revokes or rescinds it. Only 10 days, no exceptions. 30 days unless the parties agree otherwise.

Simon purchased both a call and a put on 280,000 bushels of lentils. Both options have a strike price of $5.00/bushel and a common expiration date. Lentils contracts are based on 5,000 bushels. The price of lentils on the expiration date is $5.38/bushel. A. Ignoring all costs, calculate Simon's total option payoff for these two contracts. B. Assuming that a call costs Simon $0.15 per bushel and a put costs $0.11 per bushel, calculate Simon's total profit or loss on the two positions.

QUESTION 27 Which of the following is an example of a contract that lacks legality? O a. A contract to purchase a car from a licensed dealer Ob. A contract to provide consulting services OC. A contract to rent an apartment for a year Od. A contract to purchase illegal drugs QUESTION 28 What is a breach of contract? Oa. A contract that is void and unenforceable O b.A negotiation process to resolve contract disputes OCA legal document that outlines the terms of an agreement O d. A failure to perform a duty as specified in a contract Show Transcribed Text QUESTION 29 3 QUESTION 30 C Which of the following is NOT a remedy for breach of contract? O a. Specific performance O b. Rescission O c. Damages O d. Arbitration Which of the following is a factor that can render a contract voidable? Oa. Undue influence Ob. All of the answers are correct OC. Mistake O d. Duress