69. Lovett County Bank offers to lend money to Kino, the owner of Java Stop, at 15 percent interest. Before Kino accepts, a state statute is enacted prohibiting loans at rates greater than 12 percent. Kino and the bank have a. a contract for a loan at 15 percent interest. b. a contract for a loan at 12 percent interest. C. a contract for a loan at 0 percent interest. d. no contract. 70. Shelby offers to make digital copies of Relay Company's business conference videotapes, CDs, DVDs, and other media for $500. Under the mailbox rule, Relay's acceptance by e-mail will be considered effective when a. received. b. sent. C. followed up by a confirmation letter sent by regular mail. composed on a Relay computer. d. 71. Mayfair Company offers to sell a certain mall to Galleria Stores, Inc., for a certain price if it accepts before 10 A.M. Monday. A contract is formed if Galleria's acceptance is received a. before 10 A.M. Monday. b. before midnight Monday. c. before twenty-four hours of 10 A.M. Monday. d. within a reasonable time of 10 A.M. Monday. 72. Lightspeed Corporation makes computers, each of which is packaged with a shrink-wrap agreement. Milo buys a Lightspeed desktop. The shrink-wrap agreement is most likely enforceable if Milo buys the computer directly from Lightspeed. a. b. Milo expressly agrees to the terms in the shrink-wrap agreement. C. Milo reads the shrink-wrap agreement. d. the terms in the shrink-wrap agreement concern warranties. 73. Jenna, a minor acting on her own, signs a contract to buy a horse and its tack from Field Equine Ranch. Later, after taking possession of the horse and tack, Jenna disaffirms the deal. She can keep the horse and the tack. a. b. can keep the horse but not the tack. C. can keep the tack but not the horse. d. must return both the horse and the tack. 74. Urban City and Thru-way Construction Company enter into a contract that includes calculations. Urban, whose engineer, Sergei, compiled the figures, discovers later that some numbers were added incorrectly, but Thru-way refuses to make changes. Urban can a. not rescind the contract. b. rescind the contract on the basis of fraud. C. rescind the contract on the basis of mistake. rescind the contract on the basis of duress. d.