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UOP LAW 531 Week 6 Final Exam Study Guide1

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d) Ted is not liable under the business judgment rule.<br />

18. Which of the following is also called “judgemade” law?<br />

a) Statutes<br />

b) Equity<br />

c) Uniform acts<br />

d) Common law<br />

Download Complete Answers Law <strong>531</strong> <strong>Final</strong> <strong>Exam</strong><br />

19. Reggie went to the Napa Valley Harvest Festival, when he<br />

stopped at Tracy’s booth where she was selling paintings of vineyards.<br />

Reggie admired a painting of vineyards that did not appear to be for<br />

sale. Reggie said to Tracy, “I will give you $200 for that painting right<br />

now.” Tracy said nothing in response but she gave Reggie the<br />

painting, and Reggie gave her $200 in cash. This is an example of a<br />

contract that is now _____.<br />

a) unilateral and executory<br />

b) bilateral and executory<br />

c) bilateral and executed<br />

d) unilateral and executed

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