- Description
LAW 531T Week 4 Apply Assignment
Complete the Week 4 Apply Assignment in MyEducator.
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Week 4 Apply Assessment
It’s time for the Bizlaw County auction! For each of the auction items listed below, you will (1) determine which type of property the item is and (2) give an identifier that further describes the nature of the item.
- A ring Hugh received from his grandmother several months before she died
- A motorbike Ned got from the Harley-Davidson store for $53,000
- A motorless army jeep left on the plot of land Corey bought
- A pair of high-quality cleats that Candace found on the football field after a game
- A Sony Walkman that Mary left in her will for her nephew, Zeppelin
- The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired
- Which type of property is item A?
A ring Hugh received from his grandmother several months before she died
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
- Which identifier describes the nature of item A?
A ring Hugh received from his grandmother several months before she died
o tangible property
o intangible/intellectual property
o realty
- Which type of property is item B?
A motorbike Ned got from the Harley-Davidson store for $53,000
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
- Which identifier describes the nature of item B?
A motorbike Ned got from the Harley-Davidson store for $53,000
o tangible property
o intangible/intellectual property
o realty
- Which type of property is item C?
A motorless army jeep left on the plot of land Corey bought
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
- Which identifier describes the nature of item C?
A motorless army jeep left on the plot of land Corey bought
o tangible property
o intangible/intellectual property
o realty
- Which type of property is item D?
A pair of high-quality cleats that Candace found on the football field after a game
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
- Which identifier describes the nature of item D?
A pair of high-quality cleats that Candace found on the football field after a game
o tangible property
o intangible/intellectual property
o realty
- Which type of property is item E?
A Sony Walkman that Mary left in her will for her nephew, Zeppelin
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
- Which identifier describes the nature of item E?
A Sony Walkman that Mary left in her will for her nephew, Zeppelin
o tangible property
o intangible/intellectual property
o realty
- Which type of property is item F?
The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired
o mislaid property
o abandoned property
o gift
o inherited (bequeathed) property
o purchase
- Which identifier describes the nature of item F?
The lyrics to an unpublished song that famous rapper 11 Nickels gave to his daughter when he retired
o realty
o tangible property
o intangible/intellectual property
- Which of the following is not true of offers?
o An offeree’s silence may be counted as an agreement.
o If a counteroffer is accepted, the original offer is terminated.
o An offer may be terminated immediately if the offeree refuses it.
o An offeree may reject an offer and present a counteroffer.
- Which of the following constitutes grounds for canceling a contract?
o bilateral mistake of value
o mutual mistake of fact
o mutual mistake of value
o unilateral mistake of fact
- _________________ damages are designed to punish someone for breaching a contract and are usually only available in fraud or bad faith cases.
o Punitive
o Consequential
o Compensatory
o Nominal
- Which of the following contracts is required to be in writing?
o a contract for the sale of a bed for $350
o a prenuptial agreement
o a contract for the sale of a bicycle for $200
o a contract for the lease of a motorcycle with payments of $500
- A valid contract must include all of the following except which one?
o assent
o agreement
o mutual respect
o legality
- The __________ rule states that an offer made by one merchant to another may remain open for a set time during which it cannot be revoked.
o parol evidence
o mirror image
o main purpose
o firm offer
- A person who owes a duty under a contract is called a(n) _________________.
o obligor
o offeror
o delegator
o assignor
- A person who is owed a right under a contract is called a(n) _________________.
o assignee
o offeree
o obligee
o delegate