Question

A gratuitous assignment does not become irrevocable by

A writing in ink only

A token choice by the offerror

A promise by a non-contracting party

None of the above

2.

A contract terminating because of the destruction of the subject matter of the contract is an example of

A Rule of Construction issue

A voidable interest of contract

The operation of law

All of the above

3.t

he UCC applies to a mixed sale _________.

whenever a sale of goods is a part of the transaction or a bulk sale involving fiixtures

only if there is service involved

if the sale of the goods is the predominant part of the transaction

Never

Answer 1

1. Option C

• A gratituous assignment is usually a contract that is made between two persons or businesses in which a person transfer his rights or properties to other person.
• This contract is said to be revocable if the assignee violates the contract. But in certain cases this assignment becomes irrevocable.
• If the assignment is in writing or if it is in a token choice, the contract becomes irrevocable.
• But if a promise is made by a non contracting party then the assignment does not become irrevocable.

2. Option C

• The operation of law refers to the contracts made on some binding agreements and any violation of this law can lead to termination .
• Under this law if the subject matter is destroyed, the contracts can be automatically terminated if none of the parties were involved in the destruction.

3. Option D

• The UCC applies to the mixed sale of both the service and a good in the same transaction.
• Article-2 of UCC allows mixed sale of goods and services if the sale of the goods is the predominant part of the transaction.