Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1) We get into a car accident, I tell you I'll give you $500 if you sign a release. You agree as the damage looks

1) We get into a car accident, I tell you I'll give you $500 if you sign a release. You agree as the damage looks minor. Later you find out the damage is actually $6,000.

a.

You can't sue as you signed a release

b.

None of the above

c.

You can sue as you did not know the extent of the damage before

d.

You can't sue as this is an accord and satisfaction

2) You offer to mow my lawn for good vibes. If you don't do as you promised

a.

I do not have a claim for breach of contract due to the lack of consideration

b.

I do not have a claim because it must be in writing

c. None of the above
d.

I have a claim for breach of contract

3) You see a Silver Teapot on E-bay's auction site. When you bid on it, this is an:

a. Offer
b.

Acceptance

c.

Invitation to Offer

d. None of the above

4) Which of followingmustbe in writing under the Statute of Frauds

a. All of the above
b. A contract for $2000 of lawn mowing services
c. A contract involving land
d.

A contract for more than $50,000

5) You owe me rent. You sign your $100 paycheck over to me. The $100 check is wrong as you were paid too much. You never tell me you were paid too much. Which is true?

Your employer cannot get the money back from me as I am a holder in due course
Your employer can get the money back from me regardless of whether I am a holder in due course
I am not a holder in due course
None of the above

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Law

Authors: John Stanton, Craig Prescott

3rd Edition

0192857460, 978-0192857460

More Books

Students also viewed these Law questions

Question

Population

Answered: 1 week ago

Question

The feeling of boredom.

Answered: 1 week ago