Business law 10-16
Through fraudulent means duke induces Emma to sign a contact to invest with him the profits from her business when Emma learns the truth she may
Any of the choices
Molly is a third party beneficiary under a contract between Ned and Otis. Ned and Otis can modify or rescind their contract to take away Moly's rights under the contract without her consent
Before Molly's rights have vested
Saul claims that his agreement with Teri for saxophone lessons is voidable. If this contract is avoided
Both parties are released from it
Moe threatens physical harm to force niki to contract to pay him for protecting her restaurant pasta plates from vandalism most likely niki may
Rescind the contract or refuse to comply with its terms
To control specific offers for goods or services and thus the resulting contracts important terms to provide online include
a provision relating to the resolution of any dispute
Vicky asks Walt, a cobbler, to repair a pair of boots. There is no discussion of a price, and Vicky and Walt do not sign any documents. After the repair, Walt hands Vicky a bill. With respect to Vicky's obligation to pay the bill, this is
an implied contract
On Monday, Neil tells outdoor landscaping that he will pay outdoor 500 if a variety of tasks are completed by Friday on Wednesday when outdoor is more than half done with the work Neil says he has changed his mind these parties had
an unilateral contract as soon as outdoor began to perform
Safety insurance agency contracts under town motors to buy six cars the contract list the cars by their vin ideniftion numbers under the ucc identification
has taken place
Rita contracts to work for Social Media Corporation (SMC) during April for $4,500. On March 31, SMC cancels the contract. Rita declines a job of a different type and rank with Tech Talk, Inc., which would have paid $3,500. Rita files a suit against SMC. As compensatory damages, Rita can recover
1000
State university provides housing on campus and in some adjacent off campus neighborhoods to lease a university house or apartment a person must be a student at state this requirement is
A condition
Connor store posts on its websites an offer of a reward for information leading to the appreciation of a certain cru mail this offer could normally be terminated by
A post of the website
Lee a minor enters into a contract to buy a dirt bike from motor bikes and cycles Lee can ordinarily disaffirm the contract
All of the choices
The U.S. department of justice needs to have construction work done on a federal courthouse the agency asks contractor to submit bids this is
An invitation to submit offers, not an offer itself
Orchestra holds 1 ton of perishable foods in storage for produce corporation produce does not pay for the storage under the doctrine of mitigation for damages ochre is held to a duty to
Do whatever is reasonable to minimize the damage
Dairy farms enters into a contract with edible ice cream to supply milk later dairy decides that it is no longer advantageous to fulfill the contract and subsequently fails to perform as promised edibles files a suit againist dairy a breach occurred when Dariy
Failed to perform as promised
Grey buys a skateboard from hobby shop in a dispute arising from the sale the shop will be considered to have the status of a merchant under the UCC if
It holds itself out by occupation as a regular seller of skateboards in the transaction
Nate promises to pay for dental services provided by Otto to Polly. Nate receives no personal benefit for the promise. To be enforceable, the promise must be in writing if
Nate promises to pay only if Polly does not pay.
Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Buns n' Burgers in exchange for her payment of a debt that Lyle owes to New Credit Corporation. Under this contract the intended benifacy is
New credit
Restore construction company enters into a contract to remodel sams home store agreeing to use only products from United building supplies halfway through the project restore refuses to finish the job the contract can be enforced againist restore by
Sams or United
Foundation construction company agrees to lay foundation for Garth, but fails to finish the job Garth hires housing projects to complete the work in a suit for breach Garth may cover from foundation
The costs needed to complete construction
In entering into a contract with marc for the sale of a cold storage warehouse nan fails to reveal the fact that the freezers do not constantly maintain a proper temperature most likely this is fraudulent misrepresentation if
The fact is a serious defect known to nan but not to Marc
Grass farms LLC office to sell 50 bales of hay at a certain price to horse stables. The owner of the stables responds. We agree if you agree to make it sexy bells for the price, their contract is formed according to.
The new terms of acceptance
If a court determines that a contract involving both goods and services is primarily a good contract, and he dispute over the deal with be decided under the ucc
True
Sam is mentally incompetent but has not been adjudged by a court to be incompetent. Sam enters into a contract with Tony for the cleaning and maintenance of the Uptown Offices building. Most likely, the contract is
Voidable if Sam did not comprehend the consequences
Rene contracts with Scot to pay him $5,000 for repairs to Rene's lake cabin. After Scot performs, Rene tells him that she cannot pay him in full immediately. They sign an agreement in which Rene promises to pay $2,500 now instead of $5,000 later. This is
an accord and satisfaction
To constitute consideration there must be
bargained for exchange
Simone offers Thom a dozen piano lessons for a certain price per lesson but conditions the deal on Thom accepting the offer by April 1. Simone may revoke the offer
before Thom accepts the offer
Jason and Kelly enter into a contract for Jason to renovate Kelly's house by a certain date. Jason never performs. After the applicable limitations period has passed, Kelly decides to bring a suit against Jason for breach. This suit
can no longer be brought
The UCC imposes merchants
certain special business standards.
Metro Holdings Inc. contracts to sell a commercial parking garage to New Property LLC. The contract provides that if Metro does not close the deal by a certain date, it must pay the buyer one-half of the value of the property. This provision is not enforceable if it is
designed to penalize Metro.
Martin, a minor, inherits the rights to several patents. To make use of this property, Martin petitions a court to be treated as an adult for business purposes. If the court grants the request, Martin loses the right to
disaffirm business contracts
Alice and Bart enter into a contract for the sale of Canyon Ranch. To be enforceable, this contract must be
in writing or evidenced by a written memorandum.
For a contract to be considered valid and enforceable the parties to a deal must
manifest their voluntary consent to the same bargain.
Fagin and Gretel agree to hijack a truck carrying a load of almonds. If Fagin later refuses to go through with the crime, Gretel can
none of the choices
City Nurses College loses its accreditation. As a consequence, City students can still obtain a state nurse's license, but their earning capacity is impaired. In a suit against the school for breach, the students are most likely to recover
nothing
Blanche, a minor, enters into a contract to buy two all-season passes from Chalet Mountain Resort. The contract will be made enforceable if Blanche
ratifies it.
Susan enters into a contract with Trey to act as his personal sports trainer. If a dispute later arises, the court will interpret the contract according to
the parties' intent at the time they entered into the contract.
Demi buys a lottery ticket. The ticket has the winning numbers for a prize. She submits the ticket to claim the prize. Demi accepted an offer for
unilateral contract