Question
1) You get a pay check from UMass for $500. It is accidentally $100 more than you are owed. You owe your landlord $500 for
1) You get a pay check from UMass for $500. It is accidentally $100 more than you are owed. You owe your landlord $500 for rent and don't tell him that the check if $100 more than what you are owed. You negotiate the check and make it payable to your landlord. Your landlord forgets his girlfriend's birthday and signs the check over to her as a present.
Girlfriend is a holder in due course. True or False?
2)Mac Jones orally agrees to play the next two years for the Patriots for $100,000 per game:
Select 1 of the options: a) This contact does not have consideration b) This contact is not enforceable unless it is in writing
c)This contract is voidable
d) All of the above.
3)I owe you $10,000 (the debt is not disputed), but write you a check for $9,000 and place the words "paid in full" on the check. You cash the check. Select 1 of the options: a) This is not an accord and satisfaction as I paid less than what I knew I owed you
b)This is an accord and satisfaction as you took less than you were owed.
c)This is an accord and satisfaction as you cashed the check.
d)None of the Above
4)I ask you if you want to buy my house for $200,000 and you say "yes." Select 1 of the options: a)The contract is not enforceable unless it is in writing. b)The contact is not enforceable for lack of consideration.
c)The contact is enforceable.
d)None of the above
5)We enter into an agreement whereby I sell you illegal prescription drugs. Later that week, I find someone who will pay me more and break the contract with you.
Select 1 1of the options:
a)You can enforce this contract in court
b)This is a n enforceable breach of contract
c)This cannot be enforced as it is illegal
d)None of the above.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started