FISHERMAN #1:On 11/1/12 Mr. Fisher enters into contract with Boat Owner to fish for Boat Owner for $50/day beginning on 1/6/13 and ending on 5/5/13. Mr. Owner will pay Mr. Fisher at the end of the season and assuming a good season, make enough to pay for the costs of his boat and make a profit for himself.

1.On 11/1/12 what legal duty does Mr. Fisher have toward Boat Owner?

a.None

b.To fish for Boat Owner between 1/6 and 5/5 for $50/day.

c.Enter into a contract with Boat Owner on 1/6/10.

d.Pay Mr. Fisher.

2.On 11/1/13 what legal right does Mr. Boat Owner own?

a.The right to have Mr. Fisher fish for Boat Owner between 1/6 and 5/5 for $50/day.

b.Pay Mr. Fisher.

c.None

d.Enter into a contract with Boat Owner on 1/6/10.

3.On this day, 1/6, what legal duty does Mr. Fisher have toward Boat Owner?

a.None

b.Pay Mr. Fisher.

c.Enter into a contract with Boat Owner on 1/6/10.

d.To fish for Boat Owner between 1/6 and 5/5 for $50/day.

4.It is now 5/6/13 and the fishing is done. What legal duty did Mr. Fisher have toward Boat Owner?

a.None

b.Pay Mr. Fisher $50/day.

c.To fish for Boat Owner between 1/6 and 5/5 for $50/day.

d.Enter into a contract with Boat Owner on 1/6/10.

5.It is now 5/6 and the fishing is done. What legal right does Mr. Owner, own?

a.None

b.Pay Mr. Fisher $50/day.

c.The right to have Mr. Fisher fish for Owner between 1/6 and 5/5 for $50/day.

d.Enter into a contract with Boat Owner.

6.It is now 5/6 and the fishing is done. How much does Mr. Boat Owner have to pay Mr. Fisher?

a.Pay Mr. Fisher $50/day.

b.None

c.Pay Mr. Fisher $62.50/day.

d.Pay Mr. Fisher $75/day.

7.It is now 5/6 and the fishing is done. Mr. Boat Owner does not think the catch is sufficient to make the payments on the boat. How much does Mr. Boat Owner have to pay Mr. Fisher?

a.None

b.Pay Mr. Fisher $50/day.

c.Pay Mr. Fisher $62.50/day.

d.Pay Mr. Fisher $75/day.