1. Two days after Steve Seller and Billy Buyer sign the contract, Billy tells Steve that Billy has lost all of the money he was going to use for the downpayment in a card game, and will not be able to go through with the purchase. Which statement best reflects Steve's rights? Group of answer choices Steve will have to wait until closing, and if Billy does not close, then declare Billy in breach of the contract Steve may terminate the contract and sue for breach immediately without waiting for closing because of Billy's anticipatory repudiation Steve will have to call his real estate agent and let him handle everything Steve has no rights whatsoever under the contract--only duties

2.Billy Buyer promises to pay Steve Seller $200,000 in exchange for Steve Sellers promise to deliver clear title to Steves house on 2 acres to Billy Buyer. Under the agreement, Billy has the ___ to receive clear title to the house at closing. Group of answer choices right duty remedy liability

3. Billy Buyer promises to pay Steve Seller $200,000 in exchange for Steve Sellers promise to deliver clear title to Steves house on 2 acres to Billy Buyer. However, Steve does not show up for closing and breaches the contract with Billy. Billy's remedies for Steve's breach of contract include: Group of answer choices recovery of direct damages recovery of incidental and consequential damages an order of specific performance all of the above

4. Billy Buyer promises to pay Steve Seller $200,000 in exchange for Steve Sellers promise to deliver clear title to Steves house on 2 acres to Billy Buyer. The contract provides "but if Billy is unable to obtain loan approval for $180,000 at 4% interest within 15 days after the contract is signed, Billy may terminate the contract." The contract clause is an example of a(n): Group of answer choices condition precedent condition concurrent condition subsequent shampoo and condition

5. Paula Preteen is 11 years old. Paula goes to Best Buy electronics store and buys a brand-new Bose surround sound system for $4,000. Paula pays the purchase price out of her allowance money and takes the system home. Is there a contract? Group of answer choices there is a contract between Paula and Best Buy, but it is voidable at the option of Paula surround sound systems are considered necessaries and therefore Paula is obligated to pay for it because Paula is a minor, she lacks contractual capacity and the contract is void none of the above

6. Paula Preteen is 11 years old. Paula goes to Chilis Grill and orders a hamburger, fries and coke. After she finishes, the waiter brings the check, but she refuses to pay. Is she responsible for the charges? Group of answer choices No, because minors have no contractual capacity Yes, if she was of sound mind No, because Chilis food is crappy Yes, because the contract was for necessaries

7. The below facts apply to the next 4 questions. Tina Techie goes to work in Boston as a software developer for EA Sports, a designer and seller of video games. EA Sports provides 3 months of training to Tina teaching her how to code specifically for the Playstation platform. But right after Tina starts work and before the training, EA Sports asks Tina to sign an agreement that says: "While working for EA Sports and for 10 years after leaving employment at EA Sports, Employee (Tina) may not go to work as a developer for any maker of Playstation video games within a 25-mile radius of Boston." The agreement is an example of a restrictive covenant. Group of answer choices True False

8. What type is the agreement Tina had to sign when she went to work for EA Sports? Group of answer choices confidentiality agreement non-solicitation agreement non-compete agreement covenant not to sue

9. The agreement signed by Tina appears to be reasonable as to all except______? Group of answer choices geographic area time/duration scope of activity all appear to be reasonable

10. If Tina quits her job at EA Sports to go to work for Activision gaming, in order to design Playstation games for Activision, EA Sports will more than likely seek what remedy? Group of answer choices recovery of direct damages recovery of indirect and consequential damages injunction rescission