Question 15(1 point)

There was a homeowner who signed a valid contract with an oil company to extract oil from underneath her home.The company decided to extract the oil from underneath a neighboring property instead.The homeowner decided to sue the oil company on the grounds that the company committed a technical trespass.What is the likely outcome?

Question 15 options:

The Court will likely agree with the owner because there was a valid contract and the mining company breached the contract.

The Court will likely agree with the owner because the company violated the homeowner through a technical trespass.

The Court will likely agree with the Oil company because there was no technical trespass of the homeowners' land.The oil was extracted legally from another parcel.The homeowner was not injured.

None of the above

Question 16(1 point

Klaw sees a plot of land for sale on Hwy 316.He contacts the Seller who offers to sell Klaw the land for $300K.Klaw believes that he wants the land for that price, but he want some time to think about it.Klaw agrees to pay the seller $10K if he leaves the offer open for 1 week. This scenario is an example of what type of contract?

Question 16 options:

Promissory estoppel

Defeasible Estate

Options Contract

None of the above