Business Law multiple choice practice test. Need help with answering these questions for review. Please answer with A, B, C, or D

lu Blyer of three apartment buildings sign a memorandum on a paper napkin during lunch. The Seller then argues that the agreement is not enforceable. The rule that requires a written memorandum to enforce certain contracts is known as a. The Statute of Frauds b. The Statute of Writings Rule against oral agreements None of the above c. d. 27. A contract to operate a private lottery is a, unenforceable voidable none of the above c. void d. 28. An agreement not to compete is generally enforceable in which of the following situations a. employment contract b. business sale c. distribution agreement d. all of the above 29. Which of the following is not an element of fraud a. calculation error scienter justifiable reliance. d. damages. 30. When Joe presents a witen offer to Vince for buy his house for $100,00, Vince responds in writing that the sale price must be $150,000. Vince's response is known as a. a conditional acceptance b. a novation a mediation a counter offer c. d. Joe's offer was sent to Vince by email. If Vi ince decides to accept the offer, he should 31. post the acceptance on his website mail the acceptance call Joe to discuss the deal email the acceptance a. c. d. b. be 32. An offer may,evoked except when a merchant has provided a firm offer to the offeree. offeree has received an option from e. the offeror. the offer has been accepted all of the above d. b. Equitable remedies are available to the plaintiff when the a. 33. legal remedy is not adequate to compensate the plaintiff the election is made by the plaintiff c. defendant has failed to mitigate damages d. b. court orders application of the remedy Privity of contract refers to a. the claim decided by the court . the parties on the contract an obligation to maintain confidentiality all of the above c. d. minor purchased a car from a dealer. After becoming an adult, the buyer continued driving the car for rs and then attempted to return the car by disaffirming the contract. The would probably interpret th s to constitute ratification voidance c. execution d. cancellation party breaches a contract, the other party is ordinarily required to imize the damages ke the agreement discharge the contract mitigate the damages c. d. 5 lu Blyer of three apartment buildings sign a memorandum on a paper napkin during lunch. The Seller then argues that the agreement is not enforceable. The rule that requires a written memorandum to enforce certain contracts is known as a. The Statute of Frauds b. The Statute of Writings Rule against oral agreements None of the above c. d. 27. A contract to operate a private lottery is a, unenforceable voidable none of the above c. void d. 28. An agreement not to compete is generally enforceable in which of the following situations a. employment contract b. business sale c. distribution agreement d. all of the above 29. Which of the following is not an element of fraud a. calculation error scienter justifiable reliance. d. damages. 30. When Joe presents a witen offer to Vince for buy his house for $100,00, Vince responds in writing that the sale price must be $150,000. Vince's response is known as a. a conditional acceptance b. a novation a mediation a counter offer c. d. Joe's offer was sent to Vince by email. If Vi ince decides to accept the offer, he should 31. post the acceptance on his website mail the acceptance call Joe to discuss the deal email the acceptance a. c. d. b. be 32. An offer may,evoked except when a merchant has provided a firm offer to the offeree. offeree has received an option from e. the offeror. the offer has been accepted all of the above d. b. Equitable remedies are available to the plaintiff when the a. 33. legal remedy is not adequate to compensate the plaintiff the election is made by the plaintiff c. defendant has failed to mitigate damages d. b. court orders application of the remedy Privity of contract refers to a. the claim decided by the court . the parties on the contract an obligation to maintain confidentiality all of the above c. d. minor purchased a car from a dealer. After becoming an adult, the buyer continued driving the car for rs and then attempted to return the car by disaffirming the contract. The would probably interpret th s to constitute ratification voidance c. execution d. cancellation party breaches a contract, the other party is ordinarily required to imize the damages ke the agreement discharge the contract mitigate the damages c. d. 5