Please answer all questions below

Instructions: Read the case study below, then answer the questions that follow. Ahmad (19 years old) sent an e-mail to Al-Nahar newspaper, expressing his interest in a 6 months subscription and inquiring about the fees, noting that his home address appeared in the content of the email. The newspaper administration replied by offering him a one-year subscription for the price of 150.000 Lebanese pounds, which includes both a paper copy as well as an electronic one, Ahmad replied by saying that he is ready to contract only if the price is reduced to 100.000 Lebanese pounds. After a few days, Ahmad received an e-mail that contains all the necessary information to access the electronic copy of Al-Nahar newspaper and started to find the hard copy every day on his doorstep. At the end of the year, Al-Nahar administration kept sending the newspaper like usual. After one month, it requested Ahmad to pay the fees of the second-year subscription. However, Ahmad refused to do so, justifying that he was not interested in renewing the contract. The newspaper insisted that the contract is renewed as long as Ahmad did not express his refusal. Ahmad also claimed that the contract is void due to the disequilibrium between the obligations of the parties as he found out that other subscribers had to pay 90.000 Lebanese pounds only. Question number one: (25 marks) Describe from a legal point of view, the steps taken by Ahmad and the newspaper, and clarifying whether they had concluded a contract. Question number two: (25 marks) Explain whether Ahmad must pay the second-year subscription fees. Question number three: (25 marks) Determine the basis on which Ahmad can support his claim about the voidance of the contract due to the disequilibrium between the obligations. List the conditions that should be available for his claim to be accepted. Justify if these conditions are available in this case.Question 1 (1 point) Silver's Gym ordered $10,000 worth of fitness equipment from Sports Equipment, Inc. If Silver's fails to pay for the equipment, Sports Equipment, Inc. can enforce the contract: O Only if there is a writing signed by both Silver's and Sports Equipment, Inc. O Even if neither party has signed the contract O As long as there is a writing signed by Silver's O As long as there is a writing signed by Sports Equipment, Inc. Save Question 2 (1 point) If both parties to a contract are mistaken regarding market conditions, such as the likely price of gasoline in the future, then ordinarily they: O Are required to renegotiate the contract. O Are stuck with the contract. Have no contract. O Are both discharged from further performance of the contract. Save Question 3 (1 point) National Widget, Inc. and Widgets-For-A-Buck entered into a contract requiring National Widget to supply widgets worth $10,000 over a 6 month period. The only written evidence of the contract is a memo in the file of Widgets-For-A-Buck. The memo states "Ordered 10,000 widgets from NW. Delivery 6 mon." The memo is signed by Waldo Walters, the president of Widgets-For-A-Buck. Under the Statute of Frauds, the contract is: 1 of 13 3/24/11 8:51 AM O Not enforceable by either party. O Enforceable by either party. O Enforceable by National Widget, Inc. only. O Enforceable by Widgets-For-A-Buck only.QUESTION 11 If neither party has performed its obligations under a contract when a frustrating event occurs, they are both left Where they were before the contract was formed. 0 True 0 False QUESTION 12 Leslie offered to pay Murray $100 a day to show her dog in an upcoming three-day competition. Murray accepted and showed the young male dog, winning best of breed during each day's competition. Leslie paid Murray $300. What is the present status of their contractual arrangement? O a. The payment of the settlement ended the contract. 0 b. The contract terminated by agreement of the parties. O c. The contract has been terminated by performance. 0 d. The termination of the competition frustrated the contract. QUESTION 13 In which situation might a court be inclined to grant an injunction? Q a. where the contract contains a promise not to engage in specied activities 0 b. where thc court wishes to force a party to complete thcir performancc of the contract 0 c. where the plaintiff is undeserving of damages C) d. where the plaintiff does not have "clean hands" Question 29 (2 points) In a progressive tax system, the marginal tax rate increase as income increases but the average tax rate does not change as income increases. the marginal tax rate and the average tax rate are the same for every income level and the same as income increases. D the marginal tax rate and the average tax rate decrease as income levels Increase and the marginal tax rate is less than the average tax rate. O the marginal tax rate and the average tax rate increase as income levels increase and the marginal tax rate exceeds the average tax rate. Question 30 (2 points) Social Security taxes are paid by (both employers and employees. neither employers nor employees. Oemployers only. Oemployees only. Question 31 (2 points) State and local governments receive most of their revenue from individual income taxes, social insurance contributions, and property taxes. property taxes, sales and excise taxes, and Social Security contribution. corporate income taxes, property taxes, and personal income taxes. sales and excise taxes, revenue from the federal government, and property taxes. Question 32 (2 points) Current concern about Social Security is that () the fund is growing too rapidly and would trigger inflation. D)the government is planning to phase out the program. the fund might be depleted before long and might not be there for workers who retire later. () none of the aboveQuestion 35: {3 Points) Question 36: {3 Points} Question 37: {3 Polnts]: Question 33: {3 Points) Aiood delivery service promises customers to be compensated tor delayed delivery if the package cannot be delivered in under an hour. Delivery time for food packages is known to follow a normal distribution with a mean of 56.5 minutes and a standard deviation cl 5 minutes. It delivery is completed as promised on time. what is the probability that the delivery took more than the expected time? Consider yourself and your competitor submitting bids on the city oi Montreal contracts. Past data indicates your competitor has submitted bids 75% of the time. The chance that you win a contract will be 25% if the competitor bids on the contract However. your chance to win a contract will increase to 70% if the competitor does not bid on the contract. What is the probability that you will win the contract? : To manage perishable Items at the storages, local grocers decide on the number of items to keep in stock on weekly basis. Suppose that the weekly demand for the item ls normally distributed with a mean of 80 units and a standard deviation of 9 units. If the grocer wants to control the probability of stock out of the item to no more than 4% In a week, now many units of the Item should be kept In the storage? : Patrons at a local restaurant are broadly classied as 90% regular and 10% as new on yearly basis. Drink preferences indicate wine was ordered by 30% of the regular customers. and by 50% of the new customers. If wine is ordered, what is the probability that the person ordering is a regular customer'? In general, individuals in the lowest two quintiles of the income distribution (Include all that apply) Question 24 options: pay no social security taxes are subsidied in terms of the personal income tax pay modest positive average personal income tax rates C pay high personal income tax rates. C pay no personal income taxes Save