Question
Bumpy Johnson and Vincent Gigante contractually agree to the exchange of stolen jewelry for counterfeit cash. This contractual agreement is a. voidable at the option
Bumpy Johnson and Vincent Gigante contractually agree to the exchange of stolen jewelry for counterfeit cash. This contractual agreement is
a. | voidable at the option of the party having less bargaining power. | |
b. | enforceable. | |
c. | void. | |
d. | voidable at the option of either party. |
2 points
QUESTION 32
Doug Parker contracts with Robin Hayes. In the contractual agreement, he agrees to sell his wristwatch to her for $500. Doug delivers the wristwatch to Robin, and Robin gives Doug the $500. This contractual agreement is
a. | executed | |
b. | void | |
c. | none of these | |
d. | executory |
2 points
QUESTION 33
Noah Jupe, a minor, enters into a contract to buy a car from ShiaLabeouf, an adult. If the deal is set aside, restoring Noahand Shia to their original positions prior to a contract is
a. | disaffirmance. | |
b. | ratification. | |
c. | emancipation. | |
d. | restitution. |
2 points
QUESTION 34
Luther Vandrossenters into an agreement to sell his retail store, "Stop to Love," to Toni Braxton.Some of the terms of the agreement required Vandross to promise to never open a similar, competing store anywhere in the world. This promise is most likely
a. | invalid because it is part of a sale of an ongoing business. | |
b. | valid because it is part of a sale of an ongoing business. | |
c. | invalid because of the unreasonable terms of area and time. | |
d. | valid if Vandross and Braxton are reasonably business savy. |
2 points
QUESTION 35
Gary Coleman, a minor, attempts to return to Ricky Schroder a set of skis that he recently purchased from him. The Skis are used and wrecked and were purchased in a state in which a duty of restitution is imposed. Gary
a. | can return the skis "as is" and avoid further liability. | |
b. | cannot return the skis unless they can be fully restored. | |
c. | must return the skis and pay for the damage. | |
d. | is not required to return the skis due to his minority. |
2 points
QUESTION 36
Amazon offers to deliver items purchased on its site to its customers for a specific dollar amount. Amazon's intent to extend a serious offer to its customers is determined by reference to Amazon's
a. | intentions. | |
b. | words and conduct. | |
c. | assumptions. | |
d. | beliefs. |
2 points
QUESTION 37
Ben Carlson offers to sell Chris ChristiehisiPad for $500 without any accessories. Under the mirror image rule, Chris Christie'sresponse will be considered an acceptance if the terms of the acceptance
a. | exactly mirror those of the offer. | |
b. | change the items offered, but do not change the price. | |
c. | change both the price and the items offered. | |
d. | change the price, but do not change the items offered. |
2 points
QUESTION 38
Becky G promises to pay Cardi B $10,000 per year if she will allow her to station her limited edition Tesla truck in Cardi's parking space at the music recording studio. Cardi B's consideration is
a. | the creation of a legal relationship. | |
b. | an exchange of money. | |
c. | a forbearance. | |
d. | the destruction of a legal relationship. |
2 points
QUESTION 39
Paige Vanzant performs landscaping services for her uncle. Well after she has finished performing her landscaping services, Paige's uncle tells her she will pay her $100. This contract is
a. | unenforceable due to the preexisting duty rule. | |
b. | enforceable because Paige's uncle has a moral obligation to keep his promise to her. | |
c. | unenforceable because minors may not enter into contracts. | |
d. | unenforceable because Paige has already performed her landscaping services and past consideration is no consideration. |
2 points
QUESTION 40
Phil Robertson offers to sell a used Pontoonto Ducks and Dynastiesa retail outdoor sports outlet, but Phil Robertson dies before Ducks and Dynastiesaccepts. Most likely, Phil Robertson's death
a. | extended the time of the offer. | |
b. | terminated the offer. | |
c. | shortened the time of the offer but did not terminate it. | |
d. | did not affect the offer. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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