Blaw 3

The UCC Article 2 statute of frauds provision applies to the sale of goods for the price of________or more

$500

Cheryl, age 16, ordered a new dress to wear to the school prom. She has contracted to pay $500 when the dress arrives. Before the dress arrives, Cheryl decides that the dress is too expensive and now wishes to cancel the order.

May disaffirm this executory contract because, while clothing, in general is classified as a necessary, a new prom formal would probably not be as classified as a necessary

A(n)__________ is a measure designed to protect the public from unqualified practitioners

Regulatory licenses

Darrell owns a parcel of land that is encumbered by a mortgage held by the First National Bank. Darrell agrees to sell the land to Paul for $50,000. Darrell and Paul together go to the First National Bank to discuss the sale and purchase with the banker. Darrell, Paul, and the banker sign an agreement stating that Paul will assume the mortgage and that Darrell will be discharged from all further liability on the mortgage.

The agreement among the three is a novation.

Mary agrees to sew Georgia's prom dress for $50 plus costs. Georgia decides that she wants ruffles around the neck and calls Mary who says it will now cost $60. When Mary finishes the dress (with ruffles), Georgia must pay:

$60, since the modified agreement is supported by additional consideration.

In which of the following cases will an oral contract for the sale of goods of $750 be enforceable with out writing

The goods are to be specially manufactured for the buyer and the seller has made a substantially beginning of their manufacture; (2) a party admits is an answer to a complaint in a lawsuit that the contract was made; (3) delivery and acceptance of the goods had been made

Aunt Ellie promises her 21-year-old nephew, Robbie, that she will pay him $100 if he quits smoking for a month. If Robbie does, is there a binding contract?

Yes, because Robbie gave up a legal right

Which of the following would generally be considered to be a revenue-raising licensing law?

A statute requiring that salespeople be licensed, but not establishing any educational or training requirements

Stark enters into a contract with a contractor to build a large shopping mall in River City. Donner will benefit from this contract since his restaurant is adjacent to the planned mall. Donner in this instance is a(n)

An incidental beneficiary

Andrew agrees to paint Rosalene's house for $500. Two days after he starts the job, he decides that $500 isn't enough money. He refuses to finish the job, unless Rosalene agrees to pay him $100 more. What principle applies to this fact situation?

Andrew was already obligated to paint the house. He gives no additional consideration in return for Rosalene's promise to pay more money.

Which of the following duties would not be delegable

Arthur has a duty to teach an accounting class at a community college during the fall semester.

Which of the following promises in consideration of marriage would be outside the statute of frauds?

Camilo and Laura mutually promise to marry each other in a formal ceremony on June 23.

Jack recently borrowed $50 from Ricardo for a couple of weeks. Jack, still short of cash, tells Ricardo, "I will wash and wax your car in exchange for the $50 I owe you," Ricardo tells jack, " ok, that's great!" Jack's performance of his new duty will be:

a satisfaction

An undisputed debt is:

an obligation that is not contested as to its existence or amount.

Anita, who is a tailor, agrees to sew a suit for Bryan, who promises in return to pay Anita $500 for the suit if he is satisfied with it. Anita completes the suit, which fits Bryan perfectly. Nevertheless, he says that he is not satisfied and refuses to accept or pay for it. Bryan is honest in his dissatisfaction, but he is unreasonable.

anita has no recourse against Bryan because she agreed to the subjective standard.

On November 1, Paula and Roberta enter into a contract where both parties are obligated to perform on December 31. On December 1, Paula tells Roberta, "I can, in no way, perform my duties in our contract." This statement is a(n):

anticipatory repudiation

Archie bets his friend Jerry $100 that the Packers will win the next Super Bowl. This is an:

illegal wagering agreement.

a contractor and Southampton, inc. have s contract, which calls for the contractor to build a building with the completion by june 15. if the building is not completed by that date, the contract calls for the contractor to pay $100 per day in damages. The $100 per day is:

liquidated damage

Austin enters a contract with Bess to remodel her kitchen within one month. he repeatedly comes to her house to start the project, but Bess does not let him begin because she says age needs unrestricted use of her kitchen. Bess has

materially breached the contract by substantially interfering with or preventing Austin's performance

Rebecca sees a pair of beautiful silver shoes in a store window. She goes in and tells the shopkeeper, "If I am asked to the prom, I will buy those shoes. Please hold them for me." If the shopkeeper signs a note that says, "Will hold for Rebecca silver shoes, style 1028, size 8," will he have to honor that promise?

yes, and there is a condition precedent to the contract