1.Ostensible authority is sometimes called:

A. absolute authority

B. implied authority

C. none of the answers are correct

D. negative authority

2.A material breach of contract discharges the performance obligation for the:

A. perpetrator of the breach

B. party who breached the contract

C. beneficiary of the breach

D. victim of the breach of contract

3.To accept an offer for the sale of goods:

A. an offeree must confirm with the offeror by email

B. an offeree does NOT need to respond in the same manner as the offer

C. the offeree needs to respond in exactly the same manner as the offer

D. an offeree must pay for the goods in cash

4.A federal question occurs:

A. when the controversy is in excess of $75,000

B. all of the answers are correct

C. when the dispute involves the U.S. Constitution

D. when the parties are citizens of different states