Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Immediate help needed. Business law 1. Boyd files a suit against Cathy after Cathy's dog bit Boyd causing $10,000 in medical bills and missed work

Immediate help needed. Business law image text in transcribed
1. Boyd files a suit against Cathy after Cathy's dog bit Boyd causing $10,000 in medical bills and missed work In a civil suit, Boyd's burden of proof is called a. a preponderance of the evidence. b. beyond a reasonable doubt. c. substantive due process standard. d. procedural due process standard. 2. Abe said to Bill, "T'll sell you my 1965 Mustang for $5,000 in cash." Bill responded, "I accept." The 4 elements ofa valid contract are a offer, acceptance, legal purpose, agreement, consideration, legal purpose, and legal capacity c. voluntary consent. acceptance, legal capacity, sufficient (market value) consideration, legal purpose. b. d offer, legal capacity, sufficient (market valuc) consideration, legal purpose. 3. In a contract for the sale of goods by a merchant to a consumer, the law that applies to the transaction is called a. Article 3 of the Uniform Commercial c Article 2 of the Uniform Commercial b. Code. Article 9 of the Uniform Commercial Code Code. the common law of contracts. d. 4. Which of the choices below will terminate an offer? revocation of the offer by the offeror counteroffer by offeree c. d. all of the answer choices are correct a. b. rejection of the offer by the offeree 5. Ted entered into a contract to sell his house to Lee for $100,000 (market price after hurricane damage). Lee agreed and made a deposit. On the day of closing, Ted refused to complete the sale. Lee really. really wants the house because it is next door to her office. She want the sale to be completed. If Lee sues Ted for breach of contract, which equity remedy will she most likely ask for? a. contract reformation. b. specific performance. c. contract cancellation. d. money damages. Veggies Plus Grocery Store signs a contract with Organic Yummies, Inc. to purchase all the vegetables tha Organic can produce in 2018. (That is, the quantity of veggies to be sold is an open term). This contract is known as a(n) a. requirements b. output contract. c. unenforceable d. voidable ew University signs a contract to purchase all the computers it needs in 2018 from Apple. University d ot know how many computers it will need in 2018. (That is, the required quantity is an open term). Thi example of a(n) contract. requirements output voidable void (all 4 contract elements are not met) c. d

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_2

Step: 3

blur-text-image_3

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

Hospitality Financial Accounting

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Agnes L.

2nd Edition

9780470598092, 470083603, 978-0470083604

More Books

Students also viewed these Accounting questions