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.

A)

auction

B)

bidding

C)

escrow

D)

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.

A)

auction

B)

bidding

C)

escrow

D)

collusion

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 3 years ago

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