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1) If Company A makes an offer for a unilateral contract to Company B, when will the contract be formed? A) When Company B begins

1) If Company A makes an offer for a unilateral contract to Company B, when will the contract be formed? A) When Company B begins performance B) When Company B prepares to perform C) When Company B completes performance D). When Company B substantially performs. 2) Tony hires Pascal to paint the interior of his office building. He does not tell Pascal why he wants the building painted. Tony wants to paint the building so it look its best when he shows it to a prospective buyer. Pascal agrees to complete the work by November 1. Pascal does not complete the work on time. As a result, Tony shows the building to a prospective buyer who decides not to buy the building because the building does not look its best. A) Tony cannot recover the damages resulting from not selling the building because it was not reasonably foreseeable at the time of contract. B) Tony cannot recover damages from not selling the building because the amount of those damages cannot be proved with reasonable certainty. C) Tony can recover the the damages from not selling the building as a consequential loss D)Alex can recover the damages from not selling the building as an incidental loss 3) Seller contracts to sell Buyer 100 widgets for $ 100. At the time of the contract , the fair market value for widgets is $1.25 per widget , and the two agree that payment will be due upon delivery Seller fails to tender any of the widgets on time . Buyer looks to all of his suppliers but cannot find anyone with the widgets he needs . This is problematic , because Buyer has another contract to resell the 100 widgets to Buyer's biggest and most important customer , WidgetCash . The only other manufacturer with widgets in stock is selling them for $3 per widget Left with no other choice , Buyer buys 700 widgets for $3 per widget so that he will not default on his contract with WidgetCash . Choose the best answer A) Buyer is not entitled to any damages B)Buyer is entitled to damages in the amount of $25 . C) Buyer is entitled to damages in the amount of $200 d) Buyer is entitled to damages in the amount of $300

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