Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1. Jeff, age 17, and his friends Jed and Josh, both age 18, are high-school seniors. After a home football game, they decide to

Question 1. Jeff, age 17, and his friends Jed and Josh, both age 18, are high-school seniors. After a home football game, they decide to stop at a nearby Steak n Shake. All three order a steakburger and vanilla shake. When the server drops of their bill, Jeff, whose brother is a law student, tells his friends, "My brother says that I really don't need to pay for my part of the order. I really didn't need it. I wasn't that hungry. I just came along to hang out. So I'll ask that my part of the bill be taken off." Is Jeff right that doesn't have to pay for his steakburger and shake? What principle(s) of contract law, if any, support Jeff's assertion that Steak n Shake should take out his part of the bill? If Jeff is wrong, what contract-law principle(s) is he misapplying? Discuss.
Question 2. Sun Airlines, Inc., prints on its tickets that it is not liable for any injury to a passenger caused by the airline's. negligence. If the cause of an accident is found to be the airline's negligence, can it use the clause as a defense to liability? Why or why not?
Question 3. In selling a house, Matt tells Ann that the wiring, fixtures, and appliances are of a certain quality. Matt knows nothing about the quality, but it is not as specified. Ann buys the house. On learning the true quality, Ann confronts Matt. He says he wasn't trying to fool her, he was only trying to make a sale. Can she rescind the deal? Why or why not?
Question 4. Elle, an accountant, certifies several audit reports to Flite Corporation, Elle's client, knowing that Flite intends to use the reports to obtain loans from Good Credit Company (GCC). Elle believes that the reports are true and does not intend to deceive GCC, but does not check the reports before certifying them. Can Elle be held liable to GCC? Why or why not?
image text in transcribed
Question 1. Jeff, age 17, and his friends Jed and Josh, both age 18 , are high-school seniors. After a home football game, they decide to stop at a nearby Steak n Shake. All three order a steakburger and vanilla shake. When the server drops of their bill, Jeff, whose brother is a law student, tells his friends, "My brother says that I really don't need to pay for my part of the order, I really didn't need it. I wasn't that hungry. I just came along to hang out. So III ask that my part of the bill be taken off." Is Jeff right that doesn't have to pay for his steakburger and shake? What principle(s) of contract law, if any, support Jeff's assertion that Steakn Shake should take out his part of the bitl? If Jeff is wrong, what contract-law principle(s) is he misapplying? Discuss. Question 2. Sun Airlines, Inc.. prints on its tickets that it is not liable for any injury to a passenger caused by the airfine's: negligence. If the cause of an accident is found to be the airfine's negligence, can it use the clause as a defense to liability? Why or why not? Question 3. In selling a house, Matt tells Ann that the wiring, fixtures, and appliances are of a certain quality. Matt knows nothing about the quality, but it is not as specified. Ann buys the house. On leaming the true quality. Ann confronts Matt. He says he wasn't trying to fool her, he was only trying to make a sale. Can she rescind the dea? Why or why not? Question 4. Elle, an accountant, certifies several audit reports to Flite Corporation, Elle's client, knowing that Flite intends to use the reports to obtain loans from Good Credit Company (GCC). Elle believes that the reports are true and does not intend to deceive GCC, but does not check the reports before certifying them. Can Elle be held liable to GCC? Why or why not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Labor Economics

Authors: Campbell McConnell, Stanley Brue, David Macpherson

9th Edition

0073375950, 9780073375953

More Books

Students also viewed these Accounting questions

Question

Does your message use dishonest or misleading language?

Answered: 1 week ago

Question

Does your product/program have a descriptive and memorable name?

Answered: 1 week ago

Question

How could any of these nonverbal elements be made stronger?

Answered: 1 week ago