In Short Answers to be able to study:

1. he entire LAW 101 class agreed to a hangout at the movies. Armen fronted all of the money for the tickets. Everyone agreed to repay him via Venmo 24 hours before the day of the movie. Everyone but Mandy and Adrian paid immediately. Mandy called Armen two days before the movie and told him that she changed her mind about attending the movie and wasn't going to pay. Aiden didn't respond and did not pay in accordance with their agreement.
2. Is there a breach? What type and by whom?
3. What is the remedy?
4. If Armen resells Mandy's ticket and tells her not to worry about it, what has he done regarding Mandy's obligations? Does this excuse Aiden?
5. If Armen told everyone in the class prior to their agreement that each of them had to pay for the ticket whether they attended or not, what type of damages has he written into the contract?
6. Olivia contracted to sell a store to Ethan. During negotiations, Olivia intentionally lied to Ethan about the store's past profits stating that the profits were greater than they actually were, and Ethan reasonably relied on Olivia' statement.
7. Is this deceit?
8. What type?
9. If there are elements, please list them to answer the question and explain your short answer.
10. The Statute of Frauds requires contracts to be in writing or evidenced by a sufficient writing to be enforceable in a court of law.
11. What is the writing requirement for the Statute of Frauds? (Hint: there are two elements)
12. What contracts must be in writing according to the Statute of Frauds?
13. When is an oral agreement in its proper form?
14. Acme Corp. contracted to sell a heart medicine to Wholesaler. The contract was legal when made. Prior to performance, the FDA unforeseeably declared the medication illegal.
15. What method was used to discharge this contract by performance?
16. Which subtopic of the method of discharge by performance would be specifically applied to this set of facts?