1. I offer a $200 reward for whomever finds my lost dog. You see my announcement regarding the award on a sign at the grocery store. You find my dog. Is that acceptance of my offer?
a. Yes, but only if my dog is worth $200
b. No.
c. Yes
d. None of the above
2. Braxon Guitar Company offers to sell 25 guitars at $450 each to ABC Music Store. ABC Music Store accepts. One week later, Braxon contacts ABC stating that they will not sell the guitars for less than $475 each. ABC agrees to modify the contract and pay $475 per guitar. Braxon and ABC sign a new contract. After delivery, ABC pays only $450 per guitar. Does ABC owe the additional $25 per guitar?
a. Yes.
b. No
3. States must give full faith and credit to the judgments of other states:
a. If the state agrees with the decision of the other state
b. never
c. always
d. if the laws within the states are consistent
4. The ________________________ requires that courts not look at evidence outside the four corners of the contract when interpreting the terms of a contract.
a. Mens rea
b. the statute of frauds
c. the parole evidence rule
d. none of the above
5. We determine whether a party has acted negligently by asking whether the harm done was a(n) ___________________ result of the party’s conduct.
a. Reasonable
b. Inevitable
c. Intentional
d. Foreseeable.