Question
I do not need explanations. I need only the answers as soon as possible. These questions might be easy for you, but not for me.
I do not need explanations. I need only the answers as soon as possible. These questions might be easy for you, but not for me. Thank you so much for helping me. And I really need your help.
1.Frodo has purchased a life insurance policy and named Bilbo his beneficiary. Bilbo is a/an
- incidental beneficiary
- intended beneficiary
- hobbit
- creditor beneficiary
- it depends on who pays the premium
2.Roseann Roseannadanna ("RR") is sitting in the back row of an auction and thinks she hears the auctioneer ask "who will give me $5 for this 30 lb. Steak?" RR raises her hand and wins the bid. After she pays the money, she is handed a cage with an ugly, slimy 30 lb SNAKE. If RR attempts to rescind the contract
- she will need to prove she made a mistake
- she will not succeed unless the auctioneer agrees
- she will succeed because the offer was not definite
- she will succeed because the terms of the contract were uncertain
- she should just slap the snake on the grill and forget about it
3.Chester enters into a contract to buy a car from Mafioso Motorcars. Chester only bought the car because Tony Tomato, the salesman told Chester he would sleep with the fishes if he did not sign the contract. Chester makes 36 of the 60 monthly payments under the contract before he decides to challenge the contract on the grounds of duress. In the lawsuit
- witnesses will probably disappear
- Tony Tomato should argue ratification
- Tony Tomato should argue rescission
- Tony Tomato should argue the plain meaning rule
- Tony Tomato should argue the parol evidence rule
4.If a contract is ambiguous
- The parties can use the statute of frauds to explain the ambiguity
- The parties will use accord and satisfaction to explain the ambiguity
- The parties may use parol evidence to explain the ambiguity
- Nobody can sue for breach of contract
- What does ambiguous mean?
5.Bay Be Sugar enters into an unambiguous written contract with Big Daddy for a $5,000 a month allowance and payment of her student loan in exchange for her (platonic) company on Tuesday and Friday nights. Big Daddy proposes an oral amendment to the contract: Sugar will go to a Neil Diamond concert with him, and he will buy her some Jimmy Choo shoes. After Sugar suffers through the concert, Daddy doesn't buy the shoes. In a breach of contract action
- Sugar has a persuasive argument because she had to miss her Business Law class to attend the concert
- Daddy will win because the promise was illusory
- Sugar will lose because of the parol evidence rule
- Sugar will lose because of the Statute of Frauds
- Daddy will win because he can afford better lawyers
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