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Ann enters a written contract to buy Beth's land. The contract includes a clause: provided that an appraiser estimates that its current value is more
Ann enters a written contract to buy Beth's land. The contract includes a clause: "provided that an appraiser estimates that its current value is more than Beth's purchase price". Later, the appraiser deems the worth of the land to be less than Beth's price. Ann and Beth's obligations O are discharged. O must still be performed. must now be renegotiated. O are on "hold."Question 33 If parties are "in pari delicto" with regard to an illegal contract, a court will do nothing to enforce such a contract between the parties. O True 0 False Question 34 Which of the following is an equitable remedy(ies)? O C. Specific Performance O A, B, and C are all correct answers. O B. Reformation A and B are correct answers A. RescissionQuestion 35 Jane makes a contractual offer to sell her home to Sally on January 1. Sally agrees stipulating she will purchase the home on January 1 "if she feels like it." Sally's response does not constitute consideration because of the preexisting duty rule. 0 True 0 False Question 36 \" Bob buys a new car at John's LincolnMercury. Bob is intent on only buying a car that can go fast. Larry. a salesman at John's LincolnMercury, assures Bob that the carwill reach the speed of140 miles per hour. After purchasing the car. Bob is upset to discoverthe car can only reach a speed of 110 miles per hour. What kind of warranty has been breached? 0 An express warranty 0 A warranty of title 0 An implied warranty of merchantability O The warranty of speed
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