1) PaintCo contracts to paint each of three warehouses on TruckCo's distribution compound. The contract provides that the contract price will be $75,000. PaintCo paints the first two warehouses, but not the third. As a result, TruckCo has to hire someone else to paint the third warehouse at a cost of $30,000. Choose the best answer a)PaintCo is entitled to no contractual remedy because it did not complete performance. It may be entitled to recover in restitution. B) PaintCo is entitled to a contractual remedy of $75,000 because it substantially performed the contract C) PaintCo is entitled to a contractual remedy of $50,000 because it painted two warehouses and the contract is divisible. D) PaintCo is entitled to $25,000 because equity requires that it recover some but not all of the contract price 2) Garrison has lost his employer-issued laptop someplace in the manufacturing facility he works atHe has looked for it for days but cannot find it. On Monday, Garrison tells his co-worker, Gina, that if she finds the laptop before he does, he will pay her $250. Gina says she will "keep her eyes open for it." Throughout the day, Gina checks for the laptop in places she usually sees Garrison working. On Tuesday, Gina finds the laptop and returns it to Garrison. Choose the answer that best describes any contract between Garrison and Gina . A) Garrison and Gina entered into a bilateral contract when Gina found the laptop. B) Garrison and Gina entered into a unilateral contract when Gina found the laptop C) Garrison and Gina entered into a unilateral contract when Gina started looking for the laptop. D) Garrison and Gina did not enter into any contract . 3) Owner contracts with Paver for Paver to place a brick walking path in the courtyard of Owner's office complex at a cost of $22,000. Paver delegates his duty to perform the work to another local company called PaveCo. Paveco paves walkway, but some defects in its work result in damages to Owner in the amount of $ 9,000 ? a) Owner can sue PaveCo breach of contract but cannot sue Paver for breach of contract. B) Owner can sue Paver for breach of contract but cannot sue PaveCo for breach of contract C) Owner can sue neither PaveCo nor Paver for breach of contract. D) Owner can sue both PaveCo and Paver for breach of contract. 4) Buyer contracts to purchase an undeveloped parcel of land from Seller. Buyer will need to obtain financing from a bank to purchase the parcel and is concerned about the possibility of rising interest rates and his ability to secure financing. Accordingly, Buyer negotiates a provision in the purchase agreement that provides that "Buyer's obligation to purchase the parcel is conditioned upon him securing 30 -year mortgage financing at an interest rate no higher than 3.75%." Buyer meets with several bankers before the closing and can only find a mortgage rate of 3.8%. One day before the day set for the closing, Buyer e-mails Seller and writes, "l've not been able to find a mortgage at 3.75% , but still want to buy the property. I'm planning to close tomorrow." What is the legal effect of this text? A) The legal effect of this text by Buyer is not a waiver of the condition requiring that Buyer find 3.75% mortgage financing Seller is not required to sell the parcel to the buyer B) The legal effect of this text by Buyer is likely a waiver of the condition requiring that Buyer find 3.75% mortgage financing is required to sell the parcel to the Buyer C) The legal effect of this text by Buyer is an unenforceable modification since it is not supported by new consideration Seller is not required to sell the parcel to the Buyer . D) Buyer's text constitutes an anticipatory repudiation