Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 10 (1 point) Lisa has a written contract to sell Sarah a Laptop. They agree that the Black Turbo 6200 Laptop will be sold

Question 10 (1 point)

Lisa has a written contract to sell Sarah a Laptop. They agree that the Black Turbo 6200 Laptop will be sold for $2300 and that the transfer will occur on August 1st at 8pm and be delivered to Sarahs home at that time. The payment would be made at that time. At 8pm on August 1st, Lisa brings the laptop to Sarahs home and asks for payment. Sarah offers her a cheque for $2300. Lisa does not want to accept a cheque and refuses to hand over the laptop. Which of the following is correct?

Question 10 options:

a. Since Sarah offered the payment at the correct time and place, and in the correct amount, Lisa is breaching the contract.

b. Lisa has the right to refuse a cheque, but if Sarah were to provide more money it would have to be accepted.

c. As the contract did not specify the form of payment required, Sarah has the right to demand cash and can refuse other types of payment

d. Both A & C

e. None of the above

Question 11 (1 point)

Deirdre bought a secondhand car from Honest Harry's Autos after being assured by Harry, in response to her questions, that the car had been driven only in good weather by the little old lady from whom he had purchased it. He claimed that was why its mileage was so low, and that it had never, (according to the little old lady), had so much as a scratch. "That's excellent," said Deirdre. "If it had been otherwise, I wouldn't have bought it." Deirdre soon began having trouble with the car pulling to one side when she applied the brakes, so she took it into the garage for a wheel alignment. The mechanic said "Why on earth would you buy this old heap? Granny Moses, that wild old lady, drove this thing like a madwoman, and it's never been the same since her last crash."

Question 11 options:

Honest Harrys committed Fraudulent misrepresentation. Rescission of contract could be expected.

Honest Harrys committed Fraudulent misrepresentation. Rescission of contract and damages could be expected

Buyer beware is the rule in this situation. No remedy could be expected.

As this was a question of opinion, it is not misrepresentation. No remedy is required.

None of the above.

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_2

Step: 3

blur-text-image_3

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

International Financial Management

Authors: Cheol Eun

9th Edition

1260788865, 9781260788860

More Books

Students also viewed these Finance questions

Question

How do childhood experiences affect self-esteem?

Answered: 1 week ago