Practice test BUL 33101. Which is more Liberal UCC or Common Law?2. If the offer is rejected the deal is terminated. T/F?3. IS the sale of a good UCC or Common Law?4. Common law is for tangible or nontangible things?5. Past consideration is enforceable. T/F?6. “Government in the sunshine" means what?a. ______________________________________________________7. Before making a rule agencies must… (2 things)a. ____________________________________________________b. ______________________________________________________8. Administrative agencies cannot induct inspections. T/F?9. The Act of State doctrine states that…a. ______________________________________________________10. In most cases, if a company’s land is expropriated in Brazil, the company can sort the situation out in US court. T/F?11. UCC only deals with tangible or nontangible goods?12. What is the difference between executed and executor contracts?a. Executed ___________________________________________________b. Executory__________________________________________________13. Mirror image rule states that acceptance can be slightly different than offer. T/F?14. Where does agencies receive power to make laws?a. _________________________________________________15. What does promulgate mean?a. _________________________________________________16. Agencies can revoke licenses. T/F?17. Appealing Federal agencies go to which courts? a. _______________________________________________18. An agency outside their authority is referred to as an ____________________.19. An agreement with 3 or more countries establishing trade rights is referred to as a ______________________________________.20. The 5 types of contracts that must be in writing are...a. ______________________________________________b. _____________________________________________c. _____________________________________________d. _____________________________________________e. _____________________________________________21. What does the APA stand for? a. _____________________________________________22. Fraud in the inducement is voidable. T/F?23. Fraud in the execution is void? T/F24. What is Undue influence?a. _____________________________________________1. UCC2. True3. UCC4. Nontangible5. False6. Government Meetings are open to the public7. Go through APA and Publicize 8. False9. One country cannot examine the validity of public acts of another10. False11. Tangible12. Executed- Fully Performed, Executory- Not fully performed13. False14. Legislature15. To make laws legal16. True17. Federal Court of Appeals18. Ultra-Virus 19. Multilateral treaty20. Involving land, Over a year, Collateral or secondary contracts, Consideration of marriage, contracts over $50021. Administrative procedural act22. True 23. True24. Taking Advantage of someone’s free
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