Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer the following questions Suppose that Jennifer agrees to purchase Ben's car for $10,000. Jennifer's payment of $10,000 is the _____ Ben will receive
Please answer the following questions
Suppose that Jennifer agrees to purchase Ben's car for $10,000. Jennifer's payment of $10,000 is the _____ Ben will receive for his car. O invitation to negotiate offer C forbearance conditional offer considerationKim's Convenience Store tells Nina that if she would supply five shipments of soda by Friday, the company will consider making Nina its sole soda supplier. This is an example of O promissory estoppel O an illusory promise O a preexisting duty O commercial impracticability past considerationEllen and Oprah were discussing that Ellen was ready to sell her computer console and video games. Ellen said she wanted $750. Oprah said that was a good price, and Ellen said she would send her an email confirming their conversation. Later that night, Ellen sent Oprah an email offer to sell the computer console and video games; however, she accidentally typed $570 instead of $750. Oprah replied, "I'll take it for $570." Is this a valid contract? No, since Oprah knew or had reason to know of Ellen's mistake No, since this is a case of mutual mistake O No, since this is a case of an innocent misrepresentation O No, since this case involves duress Yes, since Oprah agreed to the offerCain is negotiating a contract with Abel. He becomes angry that Abel will not agree to the proposed contract terms. Cain threatens Abel with a criminal lawsuit claiming that he knew Abel did not pay his taxes last year and is therefore a tax evader. This is an example of duress O negligent misrepresentation criminal recklessness O fraud O undue influenceStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started