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question 18, 21-24. help, please. THANK YOU! Question 18 (5 points) Klauss purchased a farmhouse, barns and silo, along with 152 acres from Font. Many
question 18, 21-24. help, please. THANK YOU!
Question 18 (5 points) Klauss purchased a farmhouse, barns and silo, along with 152 acres from Font. Many terms of the purchase agreement, including price, repairs, and the inclusion of certain personal property were vigorously negotiated by the parties prior to the signing of a contract. Thereafter, Klauss discovered that the silo was resting on ground which was not sufficiently stable for its long term support and stability. If Klaus files suit alleging that Font failed to disclose this problem 1) O2) the parol evidence rule will preclude evidence that Font, aware of the problem, assured Klaus of the silo's stability during contract negotiations. the Statute of Frauds will preclude such action because the contract involves real estate. Font could raise the statute of limitations as a defense if too much time has passed since Klauss discovered the condition. 4) any alleged misrepresentations will be considered extinguished by the merger doctrine. 3) Question 21 (5 points) Which of the following statements regarding validity, enforceability and avoidance of contracts is correct? 1) A statute of limitations can render a valid contract unenforceable. 2) A contract entered into by a minor is voidable by either party. 3) A unilateral mistake renders a contract void. he O4) Minor breach of contract by one party excuses all duty of performance by the other party. rection Saint Question 22 (5 points) Kelsey offered to provide Lance with computer programming services, which would allow Lance to fully automate his deliveries. The agreement was reduced to writing and signed by both parties. Thereafter, Kelsey requested the agreement be modified to extend the time for completion and to increase the payment to Kelsey. If the modifications were made in an addendum signed by both parties, which is correct with respect to the modifications? 1) Only the agreement to increase the price is enforceable. 2) Only the agreement to extend the time is enforceable. 3) Both the price and time modifications are enforceable. 4) Neither the price nor the time modifications are enforceable. Question 23 (5 points) For a person to make a valid offer, the terms of the offer must be stated or reasonably ascertainable. Which of the following statements is incorrect regarding when the terms of an offer can be inferred? 1) Price of the item(s) offered may be inferred if the items are not unique, and a ready market exists from which price can be determined. O2) Time for performance can be inferred and is usually determined as what is reasonable under the circumstances. 3) Quantity can often be inferred. 4) Under some circumstances, the subject matter of an offer can be inferred. Question 24 (5 points) K2 Corporation, a distributor of fuel oils, placed the following advertisement on its web-site: "INTERESTED IN AN EXCITING CAREER? QUALIFIED CPA WILL EARN $200K PLUS! GUARANTEED!!" Smith, a CPA from TAMUC and 2 years experience in the fuel oil industry e-mailed her application to K2 Corporation. K2 Corporation: 1) has not made an offer to Smith, but has made an offer to the first qualified applicant for the position. 2) has made an offer to Smith if the position is still available when Smith applies. 3) has made an offer to Smith if Smith is fully qualified. 4) has not made an offer to Smith or anyone else Step by Step Solution
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