Please answer the circled questions. PLEASE ANSWER ALL OF THEM AND NOT JUST ONE!!!
Review Questions and Problems an ice-cream store operator in a told Van Tassel the following a. The proposed location was a b. It would not be long before she would be Match each term in Column A with the appropriate gold mine. a big car and living in a big house, and she cation a) Minor must pay for their do all right if she stuck by him. Rescission not allowed unless other party has knowledge of it A fiduciary or someone in close family relationship exerts pressure What minor may choose to do He would not steer her wrong beca use he lked Scienter her. This was the right store for her, and all she (c) (d) (e) d. be doing is playing golf and making (4) Mutual mistake She was not going to lose money, and this be the best thing that would happen to her Van Tassel invested in the franchise, but it failed Carver's predictions of success. Van Tassel fled seeking to reclaim her investment. Did the repres tions constitute fraud? Why or why not? Upon reaching majority, minor keeps consideration and does (6) Undue influence Rescission grated if a duty to mistake (g) Physical threats usualily required 6. A representative for a data a computer after the computer salesperson assured that the machine would be adequate for her The data processing representative was aware of specifications of the computer, but she later discovered that its printout was too slow for her She seeks to rescind the contract on the basis of misre resentation. Should she succeed? Explain. Ch) Misconception of material fact () Intent to defraud Court rewrites contract to make contract conform to parties 2. Beachcomer, a coin dealer, sues to rescind a purchase by b 7.) Bill, under guardianship by reason of mental iliness buys an old car from Larry for $2,000, giving a proms sory note for that amount. Subsequently, Bill abandons Boskett, who paid $50 for a dime both parties thought was minted in San Francisco. In fact, it was a very valuable dime minted in Denver. Beachcomer asserts a mutual mistake of fact regarding the genuineness of the the car. Is Bill liable on the note? Would it make difference if the car were a necessary? Explain your answers ted. Boskett contends that the 8 Youngblood, a minor, sold a wrecked mistake was as to value only. Explain who should win. Blakensopp, an adult, for $350. Blakensopp t session of the car. Unknown to Blakensopp, Youngblood took the car back and sold it to another purchaser for $400. Youngblood was charged with theft oungblood guilty of stealing the car from Blakensopp Explain. 3. Brawner Contracting was the low bidder for construc- tion of the Marine Service Building. After the award of the contract to Brawner, it discovered an arithmetical error of $10,000 in its bid based on a similar error of e amount in a quotation made to it by a subcontrac- tor. Correction of the error would not have caused Brawner's contract price to equal or exceed that of the 9. Halbman (a minor) bought a used Oldsmobilef next lowest bidder. Is Brawner entitled to reformation of the contract? Why or why not? Lemke (an adult). About five weeks after the purchase and after Halbman had paid $3,100 of the S4,250 purchase price, the connecting rod in the engine bro Halbman, while still a minor, disaffirmed the purch contract and demanded all the money he had paid defendant. Is he entitled to a full refund even thoug 4. After making a visual inspection, buyer bought prop- erty from seller and proceeded to build a home. When the possibility of soil slippage soon became apparent, construction was halted. Buyer sued seller to rescind the sale. Sollexpert testified that the property was noti now damaged? Why or why suitable for the construction of a residence. Seller was Leon, a minor, signed a contract with Step Up unaware of the stability hazard of the soil when the saleEmployment Agency, in which Leon promised to p was transacted. Could buyer rescind? Why or why not Janet Van Tassel met Charles Carver, president of McDonald Corporation, a subfranchisor of Baskin- Robbins Ice Cream Company. To induce her to become fee if Step-Up secured him a job as a pianist. Step did find suitable employment, but Leon retusprecover the $500 fee since he was a minor. Can Step-Up the fee? Why or why not? 5
