Ace Flour Co entered into a contract to provide flour to YYZ Bakery at a fixed price for a twelve month period. Two months into the contract, the price of flour suddenly increased. Ace Flour Co approached YYZ Bakery to ask if YYZ Bakery would be willing to pay a higher price for the flour. YYZ Bakery promised that it would pay the higher price requested by Ace Flour Co. Based on these facts alone, which of the following is TRUE? a. YYZ Bakery is now contractually obligated to pay the higher price. b..YYZ is contractually obligated to pay only the original price. c. The agreement to pay a higher price must be in writing to be enforceable 12 On May 1, Back-Talk Computer Store offerd to sell five (5) computer servers to Gatekeeper Company for $5,000.00 each, delivery to be on May 30. Later that day (May 1), Gatekeeper responded that it would buy the computers only if they were delivered within three business days. Back-Talk notified Gatekeeper the next day, May 2, that it would not be able to deliver the goods within the time requested by Gatekeeper. Which of the following is true regarding Back-Talk's offer? a. There is no contract between Back-Talk and Gatekeeper. b.Gatekeeper's additional term became part of the contract, so Back-Talk is obligated to deliver the goods within three business days. 13 Which of the following is an enforceable contract? A. A contract to commit burglary. B. A contract to defame a political opponent of the person who hired you. C. A contract to gamble with the neighborhood bookie. D. B and C E. None of the above are enforceable. 14 A contract that is so unfair that it "shocks the conscience" or is "devoid of conscience" is unenforceable under the doctrine of... A. Fairness B. Sufficiency C. Adequacy D. Unconscionability E. Exculpation