1)Under the UCC which of the following must be included in a confirming memo sent after conclusion of verbal negotiations in order to satisfy the Statute of Frauds requirement?

1) Price term

2) Delivery terms

3) Quantity of goods

4) All of the above

2) Merchant A and Merchant B are negotiating in good faith for the sales of widgets.Merchant B accepts the terms of Merchant A's offer, but adds to the bottom of the form "interest rate at 2% for unpaid balance as usual." Merchant A does not object. Under these facts and UCC 2-207:

1) A contract is formed on the original terms.

2) No contract is formed; they are still negotiating.

3) Contract is formed including the interest rate for unpaid balance.

4) No contract because B's acceptance is not a mirror image of A's offer.

3) Bob Cratchit, who has been an employee-at-will with the firm of Scrooge & Marley, was laid off on Christmas Eve after 24 years and within several months of his receiving his full pension.The employee manual that was in effect when Bob began his employee stated that seniority would be given great weight in any layoffs.The manual was changed during Bob's last year of employment in order to delete mention of any seniority rights. The HR department told him upon discharge that his seniority was not figured in their decision.Under these facts, which of the types of contracts below is the best theory of recovery for his suit for breach of contract?

1) Express contract

2) Implied contract

3) Executory contract

4) Restitution contract

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4) Plaintiff and Defendant entered into a written contract for the sale Defendant's land, a sunny stretch of acreage judging by the pictures and verbal representations Defendant had made.Plaintiff felt glad to have made a deal for it, that is, until he discovered that most of the land was over a toxic waste site.What best describes the situation with respect to the enforcement of the contract given that the defendant misrepresented the land and possibly defrauded the plaintiff?

1) The contract is void from the beginning.

2) The contract is voidable if the Defendant wants out of the deal.

3) The UCC will not allow this contract to be enforced.

4) The contract is voidable at the sole discretion of the Plaintiff.

5) Farmer A leased over 5,000 acres of farm land in northern Ohio for one year.Subsequently he signed a second 1 year lease.During each year he harvested the crops and prepared the land for the next season's crops.During negotiations for the next lease, he began preparation of the land for planting, as was the local custom.Unfortunately Farmer A and his land lord couldn't come to terms and the third year's lease was never signed.Under these facts, what is A's best theory of recovery of the value of the land preparations he made?

1) A should sue for breach of contract to recover his lost profits for the crops he didn't get to plant.

2) A should sue in quasi-contract to recovery the value of the work he did in preparing the land for planting in the third year.

3) A has no remedy in contract law because he should have been more careful about working the land before he had a binding contract.

4) A should sue for promissory estoppel because he was relying on the third year's lease to make his living.