On May 1 Meat Company offers to cure and smoke Natural Farms products, and promises to keep the offer open until June 1. On May 3 Meat mails Natural a letter revoking the offer. The farm receives the letter on May 5 and responds on May 6. The companys revocation of the offer became effective on

a. May 6.

b. May 3.

c. May 5.

d. no date because the offer is irrevocable.

Don slips and falls on a patch of ice on Ellas property. Ella offers Don $10,000 if he promises not to pursue any slip-and-fall legal claim against her. Don agrees, but later discovers that it will cost $40,000 in medical expenses for a latent injury. In Dons suit against Ella, Don will most likely recover

a. nothing.

b. the exact amount to pay the costs and no more.

c. the estimated amount to pay the costs and any other liability.

d. $30,000 to pay the costs over what Ella already paid Don.

Bern, a minor, signs a contract to buy a Caterwauler jet boat from Dahl, an adult. Dahl

a. can avoid as much of the contract as Bern elects to avoid.

b. must obtain Berns consent to avoid the contract.

c. can avoid the contract without Berns consent.

d. cannot avoid the contract.

Music Masters Inc. enters into a contract to pay Nag for a dozen original songs. Nag transfers the right to payment under the contract to Omni Artists. After the transfer, Nags contract right to the payment is

a. secondary.

b. unaffected.

c. conditional.

d. extinguished.

Beau borrows $15,000 from Credit Center to buy a car. The lender assigns the right to receive the loan payments to Debt Collections Inc. If Beau does not pay the debt, the assignee can

a. enforce the payment in court.

b. demand performance of the deal from any of the original parties.

c. extinguish the contract rights of the assignor.

d. none of the choices.