Answered step by step
Verified Expert Solution
Question
1 Approved Answer
7. If Jones Rooter & Plumbing agrees to buy all of Smith Metalwork's production of copper pipe during the next year, what kind of agreement
7. If Jones Rooter & Plumbing agrees to buy all of Smith Metalwork's production of copper pipe during the next year, what kind of agreement is this called? O O A. An output contract. O B. An options contract. O C. A promissee's contract. O D. A requirements contract.8. Kurt agreed to purchase a slot machine from his friend Jerry for $250 because Jerry needed to raise money to make bail for a drug charge he was facing. The slot machine is not an antique, and only antique slot machines are legal in in the state. Later, after Jerry bailed out of jail, Jerry found another buyer for the slot machine who was willing to pay $750. Kurt decides to go to court to force the sale. Will he prevail? O O A. Yes, there was an offer, acceptance and consideration. O B. No, because Kurt was attempting to purchase something that it is illegal to own. O C. Yes, because the courts do not consider whether the consideration for a sale was lawful or not. O D. No, because the consideration was woefully inadequate, making the contract voidable
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