Business Law II 10 questions….

QUESTION 1

  Steve buys a house
from Jim. There is no written contract. However, Steve pays the purchase price,
moves onto the property, and begins to build a new garage. Jim seeks to evict
Steve from the property stating that there was never a valid contract. Is Jim
likely to succeed? Why or why not?

QUESTION 2

  Tony contracts with
Paulie for Paulie to build him a house. They contract for a particular brand of
pipes to be used. However, Paulie decides to use a slightly cheaper brand that
is of a slightly lesser quality. Tony claims that this breach of the contract
allows him to avoid the contract. Is he correct?

QUESTION 3

  Frida agrees to sell
a car to Johnny for $900. However, Johnny reneges on the contract. Frida is
able to find another buyer for the car at $700. What damages may she recover
from Johnny?

QUESTION 4

  What are the three
main types of warranties and how are they created?

QUESTION 5

  What kind of
contracts are covered by Article 2 of the Uniform Commercial Code?

QUESTION 6

  Name the
characteristics that are protected against discrimination by Article VII of the
Civil Rights Act?

QUESTION 7

  Nymeria buys a
promissory note off of Yolanda for $300. Nymeria buys the note in good faith,
and she is unaware of the fact that Yolanda secured the note from Georgia
through Fraud in the Execution. Nymeria seeks to enforce the note. Can she?

QUESTION 8

  In what ways do
administrative agencies perform the functions of all three branches of
government?

QUESTION 9

  What oversight can
each branch of government provide over administrative agencies?

QUESTION 10

  What is the
difference between Article I and Article II of the Sherman Act?