Facts for # 25 & # 26: Jon is a franchisee with Pizza Hutch, and he operates all 5 Pizza Hutch locations within the city of San Francisco. Jons business has gone steadily downhill during the last 3 years, so he is looking at closing 2 of the locations, and selling all of the inventory and equipment in those stores (ovens, cookware, food, plates, utensils, chairs, tables, etc.).

25. If he finds a buyer for this equipment and inventory, this sales contract will be covered by the UCC (Article 2). T/F

26. Also, Jon has leases for the Pizza Hutch restaurant buildings from a real-estate investor, including for the 2 stores he wants to close down. If there is a dispute about what Jon owes the investor on the closed restaurant leases, these commercial lease transactions would be covered by UCC Article 2. T/F

27. True or False With bilateral contracts each side to a contract makes a promise to the other side. The promises are the consideration that is the basis for the contract.

28. Nikki was a tax accountant with HBR Accounting, and did tax advising for many clients of HBR. She learns financial secrets of many of these clients. When she quits HBR, she will legally be able to sell this information to a local stockbroker who is looking for new business customers. True/False

29. Read the California Civil Code Section 1624 (a) (1), then answer this question: Roger (a business owner in Sacremento) agrees over the phone to hire Judy for a 2-year project setting up his online sales website for hot-tubs, for total wages of $80,000. Judy works for Roger for six months, then Roger tells Judy that he has changed his mind, and he is canceling the project, and that he is not going to pay her any more than what she has earned so far for the six months ($20,000). Judy will be able to enforce her agreement with Roger for the rest of the money ($60,000), in court. True or False