Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bob orally agrees to sell Pure Bottled Water to Sugary Drinks, Inc. Bob notes the terms on a sheet of Pure Bottled Water stationery and

  1. Bob orally agrees to sell Pure Bottled Water to Sugary Drinks, Inc. Bob notes the terms on a sheet of Pure Bottled Water stationery and signs it. This agreement is most likely enforceable against:

A. Bob

B. Sugary Drinks.

C. Bob and Sugary Drinks.

D. no one

2.Zara, a minor, signs a contract with Fran, an adult. The contract is voidable at the option of

A. neither party

B. Fran only

C. either party

D. Zara only

3.Elizable believes that a new table to be sold by Totally Tablets, Inc. will become the most popular tablet in the global market. Elizabeth enters into a contract to buy 600 shares of Totally Tablet stock, anticipating an increase in its value. The tablet does not become popular, and the price of the stock does not rise. Elizabeth can recover:

A. the amount of the purchase price

B. the amount of the purchase price plus the expected increase.

C. nothing.

D. the amount of the purchase price plus the unexpected decrease.

4.Diana asks Charles," Do you want to hire me to repaid your car?" This is

A. not a vaild offer because the terms are not definite.

B. a valid offer

C. not a vaild offer because Rhonda did not express an intent.

D. not a vaild offer because Steve did not respond.

5.Morris and Ruby enter into a contract for Morris to renovate Ruby's house by a certain date. Morris never performs. After the applicable statute of limitations period has passed, Ruby decides to bring a suit against Morris for breach. This suit

A. can be filed within four years after Ruby decides to sue.

B. must be filed between four and five years after Ruby decides to sue.

C. can no longer be brought.

D. must be filed within ten to twenty years, depending on state law.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Business Law

Authors: Jeff Rey F. Beatty, Susan S. Samuelson

3rd Edition

978-0324826999, 0324826990

More Books

Students also viewed these Law questions

Question

What ideas should you omit?

Answered: 1 week ago