Question

In: Operations Management

13) Which of the following is a requirement made by the Statute of Frauds when a...

13) Which of the following is a requirement made by the Statute of Frauds when a party sues to enforce an alleged contract?

A)	A memorandum must be in existence at the time suit is brought.

B)	The contract must contain more essential terms of the contract than the memorandum.

C)	Any person who signs the memorandum must sign with the intention of being bound.

D)	A memorandum must be made at the time the contract is executed.

14) A bill of lading refers to:

A)	a proof of identity that a consignee must deliver to a carrier prior to receiving the goods that have been transported.

B)	an agreement between the owner of a vessel and a merchant, by which a ship is hired for the transport of goods for a defined period.

C)	a receipt and contract between the shipper of a particular good and a carrier.

D)	a form signed by an officer of a vessel evidencing the receipt of a certain consignment on board and which does not serve as a document of title.

15) The difference between a straight bill of lading and an order bill of lading is that:

A)	an order bill of lading lists the limitations on the liability of a carrier while a straight bill of lading does not.

B)	a straight bill of lading lists the limitations on the liability of a carrier while an order bill of lading does not.

C)	a straight bill of lading is negotiable while an order bill of lading is nonnegotiable.

D)	a straight bill of lading is nonnegotiable while an order bill of lading is negotiable.

16)A private carrier’s contract for transporting goods is an example of:

A)	a mutual-benefit bailment.

B)	a bailment for the sole benefit of the bailor.

C)	a conversion of property.

D)	a bailment for the sole benefit of the bailee.

17)A(n) _____ is a sale in which a seller or an agent of the seller orally asks for bids on goods and orally accepts the highest bid.

auction

bidding

escrow

collusion

17)A(n) _____ is a sale in which a seller or an agent of the seller orally asks for bids on goods and orally accepts the highest bid.

auction

bidding

escrow

collusion

Solutions

Expert Solution

Q13) Answer is D) A memorandum must be made at the time the contract is executed

Q14) Answer is C) a receipt and contract between the shipper of a particular good and a carrier.

Q15) Answer is D) a straight bill of lading is nonnegotiable while an order bill of lading is negotiable.

Q16) Answer is A) a mutual benefit bailment

Q17) Answer is A) Auction

keosha answered 2 years ago

Next > < Previous

Related Solutions

QUESTION 1 Which of the following modified contracts falls within the statute of frauds? a. A...

QUESTION 1 Which of the following modified contracts falls within the statute of frauds? a. A contract for the sale of 800 widgets at $1.00 each is modified to 400 widgets at $1.00 each. b. A contract for the sale of 400 widgets at $1.00 each is modified to 800 widgets at $1.00 each c. A contract for the sale of 40 widgets at $1.00 each is modified to 400 widgets at $1.00 each. d. A contract for employment for...

Compare and contrast the UCC and the CISG in regards to the Statute of Frauds. Which...

Compare and contrast the UCC and the CISG in regards to the Statute of Frauds. Which one do you prefer, and why?

When is a writing required under the statute of frauds? What type of writing is required...

When is a writing required under the statute of frauds? What type of writing is required under the statute of frauds? What is the parole evidence rule, and what are the exceptions to that rule?

The Statute of Frauds requires that certain contracts be reduced to writing. In which scenarios must...

The Statute of Frauds requires that certain contracts be reduced to writing. In which scenarios must contracts be written to be enforceable? Why do you believe that such contracts would need to be written? and Identify at least two scenarios in which an equitable remedy would be more appropriate than an award of money damages.

The Statute of Frauds requires what types of contract to be in writing. What is a...

The Statute of Frauds requires what types of contract to be in writing. What is a sufficient writing?

Can you orally modify a contract that is in writing and within the Statute of Frauds?

1. Is the Statute of Frauds necessary in modern times? Why or Why not? 2. ...

1. Is the Statute of Frauds necessary in modern times? Why or Why not? 2. Discuss the rationale behind the Parol Evidence Rule.

The statute of Frauds states that certain types of contracts must be in writing. Does the...

The statute of Frauds states that certain types of contracts must be in writing. Does the coverage of the statute of frauds make sense as it currently stands? Would it be better to expand the law and require that all contracts be in writing? Or should the law be done away with altogether? Explain each answer in details ..

Does the coverage of the Statute of Frauds make sense as it currently stands? Would it...

Does the coverage of the Statute of Frauds make sense as it currently stands? Would it be better to expand the law and require that all contracts be in writing? Or should the law be done away with altogether? 250 word minimum.

Explain the consequences if the parties do not comply with the requirement of the statute of...

Explain the consequences if the parties do not comply with the requirement of the statute of frauds.

Subjects