Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

help6-10 and explain. Give correct answers please. 10 need to be clear and correct Question 10 {6 points) Suppose that the facts above are changed

help6-10 and explain. Give correct answers please. 10 need to be clear and correct

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
Question 10 {6 points) Suppose that the facts above are changed in the following way: Phoebe puts an ad online stating, "Car for sale. $5,000 cash only. Must be towed away." Kevin shows up the next clay with a tow truck and $5,000 in cash. Is there a binding contract between Kevin and Phoebe at this point?I Why or why not? Question 6 [1 point} x! Saved Phoebe wants to sell her car. She puts a sign in the windshield that says, "For Sale: $5,000 Cash Only". Later that day, Keyin sends Phoebe a text message saying, "I will buy your car. I can giye you $2,000 cash today and a cheque for the rest. If I don't hear back from you within 30 minutes, I will assume you'ye accepted." From these facts, which of the following is true? (9 a} Phoebe's silence cannot be considered acceptance of Keyin's offer. 0 b} There is a binding contract between Phoebe and Keyin. O c} Keyin accepted Phoebe's offer. 0 d} There is a unilateral contract between Phoebe and Keyin. Question 3" [1 point) I Saved Suppose Phoebe accepts Kevin's offer. She agrees that Kevin will pavr her the next davr when he picks up the car. In the meantime, Phoebe discovers that her car is actuallvr worth $8,000 on the market. She sells the car to Christine for $8,000 and informs Kevin that the deal is off. Which of the following is true? 0 a} Because Phoebe called off the deal before it was carried out, there was no binding contract involved. (9 b] Kevin can sue Phoebe in tort, but not in contract. 0 c} Kevin is entitled to damages for breach of contract. 0 d} There was no contract as there was no consideration. Question 8 [1 point} x! Saved Suppose Kevin successfully sues for breach of contract. Which of the following represents the principle a court would follow in awarding damages? 0 a} To put the plaintiff {Kevin} in the position he would have been in if the contract had not been formed. 0 b} To put the plaintiff {Kevin} in the position he would have been in if the contract had been performed. G) c} To put the plaintiff {Kevin} in the best possible nancial position given the circumstances. 0 d} To ensure that the defendant {Phoebe} does not profit from her breach of contract. Question 9 [1 point} a! Saved The amount of damages that a court would award Kevin in the above situation would be: G) a} $2,000, assuming Phoebe had not cashed Kevin's cheque. O b} $5.000. O c} $3,000. Q d} $3,000

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

Constitutional Law For A Changing America Institutional Powers And Constraints

Authors: Lee J. Epstein, Kevin T. McGuire, Thomas G. Walker

11th Edition

1071822128, 978-1071822128

More Books

Students also viewed these Law questions

Question

8. What are the costs of collecting the information?

Answered: 1 week ago

Question

1. Build trust and share information with others.

Answered: 1 week ago