ALLIED BUS230 full course [ all discussions all homework all check your understanding ad final exam ]

module 1 dissPlease respond to the questions below in 3 separate posts so that you may have the opportunity to obtain full points. Remember that you must post 3 times to the Discussion Board between Sunday and the following Saturday. You may post to all 3 questions or post to one question (at least 100 words) and then post to 2 of your class mates.1. Tell me why you are taking this class. Tell me what you think the class is about. Then, tell me what you hope to learn in this class.2. What are some ethical issues faced in the workplace and how can employers manage them?3. Discuss the matter of jurisdiction – what does it mean, what kinds of jurisdiction are there, why does it matter?module 2Please respond to the questions below in 3 separate posts. Remember that you must post to the DB 3 times. You may post to all 3 questions or post to one question (at least 100 words) and then post to 2 of your class mates.Discuss different defenses to various types of crimes. Give me an example from the news of one of these defenses. Or give me an example of a crime and what defense you would use to defend the accused from that crime.What are cyber crimes (as opposed to other crimes that take place using a computer)?For your third post, please discuss something you learned in the text book that was interesting or surprised you. If you have other class mates, you may post to one of their posts for your third post.module 3Please respond to the questions below in 3 separate posts. Remember that you must post to the DB 3 times. You may post to all 3 questions or post to one question (at least 100 words) and then post to 2 of your class mates.If an offer has been made and the response is silence, how can that silence constitute an agreement in a contract? Under what circumstances would the judge think that your silence would mean that you agreed to the contract?What kind of contracts have you entered into?For your third post, please discuss something you learned in the text book that was interesting or surprised you. If you have other class mates, you may post to one of their posts for your third post.module 4Please answer these questions in 3 separate posts. Remember that you must post to the DB 3 times. You may post to all 3 questions or post to one question (at least 100 words) and then post to 2 of your class mates.This week you learned about the statute of frauds. What does that mean? Name at least 3 examples (from your personal life or someone you know or someone in the news of times when a contract would be required under the statute of frauds.What test is used to apply the statute of frauds to contracts that take more than a year to perform?Do you currently volunteer for any organizations? Did they have a contract or did you have to undergo a background check? Do you think that there are any unwritten agreements between you and the organization?module 5Please answer the questions in 3 separate posts. I also encourage you to respond to your class mates posts. Remember that you must post to the DB 3 times. You may post to all 3 questions or post to one question (at least 100 words) and then post to 2 of your class mates. And do you have any personal experiences that illustrate the questions?What are the main three different ways in which a contract can be discharged? Remember that breach of contract is breaking it – not discharging it. If I pay off my car, what kind of discharge is that? What other kinds of contracts can be discharged in the same way that paying off my car did?Why is the statute of limitations important? What is the statute of limitations? Think of hospital – what problems could arise if there were no statute of limitations?For your third post, please discuss something you learned in the text book that was interesting or surprised you. If you have other class mates, you may post to one of their posts for your third post.module 6Remember that you must post to the DB three times. You may post to all the questions below or you may post to one (at least 100 words) and then post to 2 of your classmates.1. Discuss the Uniform Electronic Transaction Act. How and why did it come about? How do you use it in your life? (Think hard)2. The Parol Evidence rule says that once you have a written contract that verbal evidence will not be used to change the terms of the written contract. Under what circumstances will the court allow Parol (verbal) evidence?3. Chapter 16 discussed who bears the risk when various types of contracts are entered into and when the goods travel from seller to buyer. Give an example of a time when the risk is on the seller.module 7You may answer this in 3 separate posts. Do you have any personal knowledge or experience with any of these? I encourage you to reply to your class mate’s posts. Remember that you must post to the DB 3 times. You may post to all 3 questions or post to one question (at least 100 words) and then post to 2 of your class mates.Explain what conforming goods are. Under what circumstances is this important? Give an example.What is Replevin?For your third post, please discuss something you learned in the text book that was interesting or surprised you. If you have other class mates, you may post to one of their posts for your third post.module 8Please respond in 2 separate posts. Also, I encourage you to respond to your class mate’s posts and to bring your personal experiences into the discussion. Remember that you must post to the DB 3 times. You may post to all 3 questions or post to one question (at least 100 words) and then post to 2 of your class mates.Why is the shelter principle an important legal concept as it relates to negotiable instruments?What kind of negotiables have you executed? What is the significance of those arrangements?For your third post, please discuss something you learned in the text book that was interesting or surprised you. If you have other class mates, you may post to one of their posts for your third post.all homeworkHomework Assignment IntroductionWelcome to the Module 1 Homework Assignment for BUS 230: Principles of Business Law I.PART IDirections: Please review the questions below and write a 3-4 page essay analyzing the questions presented in this week’s modules readings. Please apply APA format with in text citing, reference list, and double-space. Limit your word count to 2,000 words. Please visit the Academic Resource Center for help with APA format.Read the questions carefully and attempt to answer it directly. Clear, well-organized, and concise writing will be rewarded. If there are ambiguities in the questions, discuss the ambiguity and how it impacts your answer. In addition to LIRN, you will need to consult your text, lecture notes, or outlines that you have personally prepared.Submit your response to the following:1. What are the different types of courts established under the State of California’s Constitution? What section of the State of California’s Constitution establishes the courts? What types of jurisdiction do each of these courts have? Thoroughly define each type of jurisdiction under each court and explain why each court has each type of jurisdiction.2. Must attorneys be members of the State Bar of California? What section establishes the role of the State Bar of California? Present some advantages and disadvantages to requiring that attorneys are members of a state’s bar.3. What is a statute, in general? How is a statute different from common law? What does the State of California’s Constitution say about statutes, in general (i.e. how are statutes formatted, who must sign a statute, how is a statute enacted, etc.)? Under the State of California’s Constitution, what is an Urgency Statute? What section of the State of California’s Constitution establishes the requirements for Urgency Statutes? How is an Urgency Statute established? What might be an example of a situation that would necessitate an Urgency Statute be created?4. What restrictions are placed on Administrative agencies? What section places these restrictions on Administrative agencies?5. What is one provision of the State of California’s Constitution that you did not expect to find? Why did you not expect to find this in the State of California’s Constitution? Provide a summary of the provision.PART IIModule 1 Journal Assignmen. Compare the burden of proof required in a civil case mentioned in Chapter 5 with the burden of proof required in a criminal case as mentioned in Chapter 3. Why do you think a higher burden of proof is required in a criminal case?PART IIModule 2 Journal AssignmentDirections: Write 2-3 paragraphs reflecting on the following statements: Procedures for handling criminal matters are often thought to be cumbersome and heavily weighted in favor of the accused. It is important to emphasize that our country was founded with the idea that a person is absolutely considered innocent until proven guilty, and that it is up to the government to prove that guilt. To accomplish this, everything possible must be done to protect the rights of the accused, even though some guilty parties may go free as a result. Please apply APA format with in text citing, reference list, and double-space. Limit your word count to 400 words. Please visit the Academic Resource Center for help with APA format.3Welcome to the Module 3 Homework Assignment for BUS 230: Principles of Business Law I.RPART IDirections: Please review the License Agreement below and answer the questions. Please apply APA format in text citing, reference list, and double-space. Limit your word count to 2,000 words. Please visit the Academic Resource Center for help with APA format.If applicable, include arguments from each side. If a criminal case exists, you would present arguments from the prosecutor and the defense attorney. If it is a civil case, then you would argue as a plaintiff and defense lawyer. Be sure that your answers respond to the questions. Do not restate the problem in your answer. Mention the facts where relevant to your analysis. If you are asked for a recommendation, be sure to include one, but do not fail to consider counterarguments. If your answer depends upon essential information not set forth in the question, state what that information is and how it affects your answer. If facts are missing in your argument, please state what facts would be pertinent to each party’s case; also list any facts or information that could potentially damage a party’s case.Read the questions carefully and attempt to answer each directly. Clear, well-organized, and concise writing will be rewarded. If there are ambiguities in the questions, discuss the ambiguity and how it impacts your answer. You may consult your text, lecture notes, or outlines that you have personally prepared.License Agreement:(d) Customer shall not use the Services in any way that: (i) infringes Company’s or any third party’s copyright, patent, trademark, trade secret or other intellectual property or proprietary rights or rights of publicity or privacy; (ii) violates any law, statute, ordinance or regulation; or (iii) is defamatory, trade libelous, unlawfully threatening or unlawfully harassing.(e) Customer shall: (i) obtain any necessary licenses, certificates, permits, approvals or other authorizations required by federal, state or local statute, law or regulation applicable to Customer’s use of the Services; and (ii) limit use of the Services to its employees who have been appropriately trained. Customer shall maintain the confidentiality of any usernames and passwords issued by Company and Customer shall not permit usernames or passwords to be shared amongst its employees. Company may prohibit concurrent sessions with the same username and password.(f) Customer shall not disassemble, decompile, manipulate or reverse engineer Company’s Confidential Information or any portion of the Services.4. Delivery of ServicesCompany shall deliver the Services via Company’s secure, password-protected Internet site: BestSoftware.com. Company may discontinue, upgrade or change the production, support, delivery and maintenance of any Services if Company develops an upgraded version or otherwise can no longer provide such Services.ly set forth in writing. No waiver by either Party of any breach by the other Party of any of the provisions of this Agreement is deemed a waiver of any preceding or succeeding breach of the same or any other provision.10.4 Survival. The following sections survive termination of this Agreement and continue in full effect until fully satisfied: 3.2 (License Restrictions); 5 (Fees); 6 (Reporting; Audits); 7.2 (Effects of Termination); 7.3 (Return or Destruction of Materials); 8 (Confidentiality); 9.1 (Disclaimer); and 10 (General Provisions).1. What are the four requirements of a valid contract? Explain each requirement and why it is important.2. Who are the parties to this License Agreement? Is this a unilateral or bilateral contract? Is this a formal or informal contract? Is this an express, implied or quasi contract? Is this an executory or an executed contract? Thoroughly explain your reasoning behind each answer.3. What is the difference between an offeror and offeree? Who is the offeror in this License Agreement and who is the offeree?7. For purposes of this question only, assume Jeffrey Thomas was determined to be incompetent 1 month after signing this License Agreement. What would a court of law hold as to the validity of this License Agreement?8. For purposes of this question only, assume the software licensed under this License Agreement allowed the licensee (i.e. the Customer) to hack into federal banking systems. After successfully using the Services to hack into the U.S. Federal Bank, Monica Justice fled the country without paying the Fees due under Section 5 of the License Agreement. Would the License Agreement be upheld by a court of law? Why or why not?PART IIModule 3 Journal AssignmentDirections: Have you ever signed an agreement? What type of agreement was it? Were you the offeror or the offeree? What was the consideration under the agreement? Did both parties fully perform under the agreement? Please apply APA format with in text citing, reference list, and double-space. Limit your word count to 400 words. Please visit the Academic Resource Center for help with APA format.4Homework Assignment IntroductionPART ISubmit your responses to the following:1. What is the parol evidence rule? When will a court allow parol evidence?2. What is the statute of frauds? When does it apply? Why is it important? Research your state’s statute of frauds. What types of contracts are required to be in writing according to your state’s statute of frauds? Please make sure to include which state you research.3. How is real property different from personal property? Give several examples of each.4. Find a prenuptial agreement online. What provisions are included in your example? Is it important to have a prenuptial in today’s society? Why and who may want to gain one prior to marriage?5. What does it mean when a party to a contract assigns their rights? Who is the assignor? Who is the assignee? Who is the obligor? Why would someone want to assign their contractual rights over to another person?6. What does it mean when a party to a contract delegates their obligations? Who is the delegator? Who is the delegate? Who is the obligee? Why would a party to a contract want to delegate their duty to another person?7. Mr. Long executed the following legal document: “In consideration for goods sold to me on account by George Northman, I hereby transfer to George Northman all claims I may have against H. Hall arising from his debt of $1,500 to me.” (Signed) Thomas Long, March 21, 2004a. Who is the assignor?b. Who is the assignee?c. Why is Mr. Northman a party to this document?d. Why is H. Hall a party to this document?8. How does the possibility of performance relate to the One Year Rule under the statute of frauds?9. Thompson, the owner of a successful floral shop, orally promised Franks, an experienced floral arranger, a bonus of $10,000 and a monthly salary if Franks would work for Thompson for two years. The bonus was to be paid at the end of the two-year period. Franks actually did work for the full term of the oral agreement. Will the statute of frauds prevent Franks from collecting the bonus? Why or why not?PART IIModule 4 Journal AssignmentDirections: In this module, we learned that duties that require a special talent may not be delegated without the permission of both parties to the contract. Why do you suppose this is the case? What issues can you foresee with allowing these duties to be delegated? Please apply APA format with in text citing, reference list, and double-space. Limit your word count to 400 words. Please visit the Academic Resource Center for help with APA format.5Homework Assignment IntroductionPART ISubmit your responses to the following:1. What is the difference between accord and satisfaction? When might an accord be made?2. How does commercial impracticability change the way that contracts are discharged because they are too difficult to perform? Is commercial impracticability a common law or statutory doctrine? How is commercial impracticability different from impossibility?3. What is a novation? If a novation occurs, what happens to the parties in that contract?4. What is rescission? Are contracts always rescinded quite easily? What reason would a contract is rescinded?12. What are compensatory damages? What kind of restriction is placed on a person who is entitled to compensatory damages?13. In purchasing a new automobile, Blacklaw ordered it with no extra equipment except power steering. She did not read the contract presented to her before signing it. She learned later that the car included power steering, radio, air conditioning, and tinted glass. What effect, if any, did Blacklaw’s mistake have on the contract?PART IIModule 5 Journal AssignmentDirections: When do courts usually enforce specific performance under a contract? Give an example of when specific performance might be appropriate? Do you think specific performance is good in all cases? Please apply APA format with in text citing, reference list, and double-space. Limit your word count to 400 words. Please visit the Academic Resource Center for help with APA format.6Welcome to the Module 6 Homework Assignment for BUS 230: Principles of Business Law I.13. Johnson purchased a television set on thirty days’ credit from Martinson and Kelly TV sales and Service Center. While filling out the credit application, Johnson made false statements about his credit rating. Shortly after the purchase was made, Johnson moved to another city without paying for the TV set. Before moving, however, he sold the TV set to Carvel, who knew nothing of the fraudulent transaction. Martinson and Kelly traced the sale of the TV to Carvel and demanded the return of the set. May Martinson and Kelly legally recover the TV set from Carvel?PART IIModule 6 Journal AssignmentDirections: Why do you suppose the UCC does not cover the sale of services? How are contracts for the sale of services analyzed by courts? Please apply APA format with in text citing, reference list, and double-space. Limit your word count to 400 words. Please visit the Academic Resource Center for help with APA format.7Homework Assignment IntroductionPART IDirections: Please review the questions below and write a 3-4 page essay analyzing each legal issue presented in this week’s modules readings. Please apply APA format with in text citing, reference list, and double-space. Limit your word count to 2,000 words. Please visit the Academic Resource Center for help with APA format.If applicable, include arguments from each side. If a criminal case exists, you would present arguments from the prosecutor and the defense attorney. If it is a civil case, then you would argue as a plaintiff and defense lawyer. Be sure that your answers respond to the questions. Do not restate the problem in your answer. Mention the facts where relevant to your analysis. If you are asked for a recommendation, be sure to include one, but do not fail to consider counterarguments. If your answer depends upon essential information not set forth in the question, state what that information is and how it affects your answer. If facts are missing in your argument, please state what facts would be pertinent to each party’s case; also list any facts or information that could potentially damage a party’s case.Read the questions carefully and attempt to answer each directly. Clear, well-organized, and concise writing will be rewarded. If there are ambiguities in the questions, discuss the ambiguity and how it impacts your answer. You may consult your text, lecture notes, or outlines that you have personally prepared.Submit your responses to the following:1. What are conforming goods? Give an example of conforming goods.2. What does it mean for a seller to cure? How could you cure an order that a buyer was not satisfied with?3. Provide an example of a product that you buy daily. What would its market price be? Market price is a price at which goods are currently bought and sold.4. What is replevin? What type of item would be subject to a case under the replevin law?5. What is a stoppage in transit? If you were an operator of a warehouse, how would you begin a stoppage and why?6. What is the Magnuson-Moss Warranty Act? Why was this law created and how would it affect a warranty lawsuit?7. What is puffing? Have you ever been a victim of puffing? Did you realize it afterwards or at the time it was being committed? Give an example of puffing. Research the law in your state. Are there any statues or court cases related to puffing? What do those statutes or court cases say with regards to puffing?13. McDonald, owner of Sports Craft, a sporting goods store, contracted to purchase 200 footballs for $2,000 from the Pro Manufacturing Co. With no explanation, Pro Manufacturing shipped 100 footballs instead of the 200 called for in the contract. McDonald had already prepaid $1,000 on the purchase. What sales remedy or remedies could McDonald pursue?15. Jenny and several members of her college soccer team purchased team jackets after seeing a sample shown to them by a salesperson from the Champion Sportswear Company. When the jackets arrived and Jenny found that hers was quite different from the sample, she returned the jacket to the company. The company refused to take it back. Assuming that Jenny is an adult, did she have the right to return the jacket?PART IIModule 7 Journal AssignmentDirections: Why do you think the UCC offers sellers a chance to cure or correct nonconforming goods? Do you agree with these provisions that allow sellers to cure or correct? Why or why not? Please apply APA format with in text citing, reference list, and double-space. Limit your word count to 400 words. Please visit the Academic Resource Center for help with APA format.Welcome to the Module 8 Homework Assignment for BUS 230: Principles of Business Law I.Running head: [INSERT TITLE HERE][INSERT TITLE HERE]Student NameAllied American UniversityAuthor NoteThis paper was prepared for [INSERT COURSE NAME], [INSERT COURSE ASSIGNMENT] taught by [INSERT INSTRUCTOR’S NAME].PART IDirections: Please review the questions below and write a 3-4 page essay analyzing each legal issue presented in this week’s modules readings. Please apply APA format with in text citing, reference list, and double-space. Limit your word count to 2,000 words. Please visit the Academic Resource Center for help with APA format.1. A certificate of deposit is the bank’s promise to repay an amount left on deposit for a certain time. When would you use or present a bank with a COD?2. A promissory note is an instrument by which one person promises to pay a sum of money to another. What makes up a promissory note and how does it differ from a check or draft?3. “Payable to bearer” are words directing an instrument to be paid to person holding it. What effect does writing this on a check have?9. A forged check is a check on which drawer’s signature is made without authorization. How do banks handle forged checks?10. A postdated check is a check dated after its actual date of issue. In what scenario would a bank reject a postdated check?13. What is the significance of an instrument qualifying as a negotiable instrument when it comes to the transferability of the instrument?13. What are the requirements for a person to become a holder? What about a holder in due course?14. Saxon died April 12. His sister-in-law immediately filed a claim against Saxon’s estate for $500, which is the amount of a check issued to her on August 18 (eight months earlier) by Saxon for her services as an accountant. Liability was denied by the person in charge of Saxon’s estate, who claimed that because the more than six months old, it was void. Does a check become void because the payee failed to cash it within a six-month period?PART IIModule 8 Journal Assignmentcheck your understandingQuestion Points1. A set of rules or standards that establish a framework for professional behavior and responsibilities within a company setting is called:a. A company’s constitution.b. A company’s bylaws.c. A company’s articles of incorporation.d. A company’s code of ethics.LO1C:Discuss the role of ethics in business.12. On what basis may a business or individual challenge an administrative regulation?a. Fairness.b. Timeliness.c. Reasonableness.d. Constitutionality.LO1B:Distinguish between the four principal sources of law for the U.S. legal system.13. Personal jurisdiction refers to:a. A person’s right to bring a case before any court.b. A person’s ability to be treated fairly.c. A court’s authority over a person.d. A court’s authority over a case.LO2C:Discuss the structure of the state and federal court systems.14. An example for deciding future cases involving the same or similar facts is called a:a. Common law.b. Precedent.c. Statute.d. Writ of CertiorariLO1A:Trace the impact of common law on the development of law in the United States.15. “Litigation” refers to:a. a rule of law.b. a lawsuit.c. common law.d. none of the choices apply.LO2A:Describe the major differences between criminal and civil law.16. Which of the following is a function of law?a. Settlement of disputes.b. Protection of the individual and society.c. Protection of property.d. All of the choices applyLO1A:Trace the impact of common law on the development of law in the United States.17. Stare decisis is advantageous because it provides:a. Longevity.b. Predictability.c. Decisiveness.d. Flexibility.LO1B:Distinguish between the four principal sources of law for the U.S. legal system.08. Common law refers to:a. The unwritten law.b. The body of legal decisions made by English court judges, under the authority of the king over a period of many years.c. Case law.d. All of the choices applyncipal sources of law for the U.S. legal system.016. Washington v. International Shoe Co., 326 U.S. 310 established which rule:a. Stare decisis.b. Court filing deadline.c. Minimum contacts.d. None of the choices apply.LO2C:Discuss the structure of the state and federal court systems.117. Statutes are laws passed by legislative bodies rather than by the courts.a. Trueb. FalseLO1B:Distinguish between the four principal sources of law for the U.S. legal system.118. In order to bring a case in court, a person must have?a. Standing to sue.b. A frivolous case.c. A feeling that they have been treated unfairly.d. A lot of money.LO2A:Describe the major differences between criminal and civil law.119. Which section of the U.S. Constitution created the U.S. Supreme Court?a. Article III (Section 1)b. Article II (Section 1)c. Article III (Section 2)d. Article II (Section 2)LO2E:Identify the basic elements of the Constitution and the Bill Rights.120. Which court has mainly appellate jurisdiction?a. U.S. Court of Appeal for the Second Circuit.b. U.S. Supreme Court.c. State Trial Court.d. None of the choices apply.mod 2Question Points1. Impaneling a jury means:a. dismissing a jury at the conclusion of the trial.b. exempting jurors from jury duty.c. selecting people to serve as jurors for a case set for trial.d. notifying jurors at their homes that they have been called to serve as jurors.LO2F:Explain the structure of the criminal justice system.12. Damages resulting from cyber torts are primarily reputational or economic.a. Trueb. FalseLO3B:Discuss types of computer crime and summarize the purpose of RICO.13. A grand jury determines the guilt or innocence of an accused person.a. Trueb. FalseLO3F:Identify procedural similarities and differences between civil action and criminal action.14. Under the law, torts are classified as:a. nntentional, negligent, and criminal.b. criminal, intentional, and strict liability.c. negligence.d. infliction of mental distress.LO3D:Describe the principle differences between a private wrong (tort) and a public wrong (crime).111. The first papers served in a civil action are:a. the complaint and summons.b. a summons and answer.c. a complaint and answer.d. a deposition and subpoena.LO3F:Identify procedural similarities and differences between civil action and criminal action.112. In most states the doctrine of comparative negligence has been replaced by the doctrine of contributory negligence.a. Trueb. FalseLO3D:Describe the principle differences between a private wrong (tort) and a public wrong (crime).013. Which of the following acts is not a crime?a. Slander.b. Arson.c. Embezzlement.d. Shoplifting.LO3A:Identify the legal terminology for a variety of public wrongs.114. Battery is any act that puts a person in fear of being physically harmed by another.a. Trueb. FalseLO3A:Identify the legal terminology for a variety of public wrongs.015. Damages awarded as punishment for an intentional tort are called:a. punitive damages.b. Compensatory damages.c. Comparative damages.d. None of the choices apply.LO3E:Distinguish among intentional torts, torts resulting from negligence, and torts based on strict liability.016. Johnson leaves her garbage in open containers, causing obnoxious odors in her neighborhood. This is an example of:a. nuisance.b. fraud.c. trespass.d. invasion of privacy.LO3D:Describe the principle differences between a private wrong (tort) and a public wrong (crime).117. The terms “foreseeability” and “proximate cause” are associated with the tort of:a. conversion.b. trespass.c. slander.d. negligence.LO3E:Distinguish among intentional torts, torts resulting from negligence, and torts based on strict liability.118. If a person feels that he or she has been injured by the actions of someone else, he or she may start a court action against that person to obtain relief by filing a:a. complaint.b. judgment.c. subpoena.d. summons.LO2F:Explain the structure of the criminal justice system.119. A petty offense is:a. punishable by a year in jail.b. one that results in a permanent criminal record.c. not considered a criminal act.d. none of the choices apply.LO3A:Identify the legal terminology for a variety of public wrongs.120. A felony is:a. less serious than a misdemeanor.b. more serious than a violation, infraction, or petty offense.c. by law not a true crime.d. punishable by imprisonment in a local institution such as county jail for more than one year.mod 3Question Points1. An executory contract is one that has not been fully performed by one or all of the parties.a. Trueb. False2. The contracts of mentally ill persons not judged insane by the courts are:a. void.b. able to be disaffirmed during a period of normalcy.c. binding on the person’s guardian.d. all of the choices apply.3 Of the following, the one that does not terminate an offer is:a. a counteroffer.b. acceptance.c. the serious illness of the offeror.d. impossibility.4. An intoxicated person may avoid a contract on becoming sober:a. only if the other party had reason to know that the person was drunk and did not understand the consequences of the transaction.b. under any circumstances.c. only if he or she was slightly intoxicated.d. only if the contract is one for necessaries.5. Usury laws protect borrowers from paying excessively high interest rates.a. Trueb. False6. Brown offered to sell Wilson an air conditioner for $300. When Wilson said he needed time to think about the offer, Brown said that he would keep the offer open for five days. Which of the following statements is correct?14. A good example