Question
Questions 2 6 are true false or multiple choice. Please enter your answer only. You do not have to explain your answer. 2.Dana gives care
Questions 2 6 are true false or multiple choice. Please enter your answer only. You do not have to explain your answer.
2.Dana gives care to Marnie's dog when Dana finds Marnie's dog ill on the side of the road. After Marnie locates her dog, Marnie promises to reimburse Dana for the cost of treating the dog. Marnie's promise is binding, because there is a bargained-for-exchange.
3.Under the common law, in order to be enforceable, a modification of an existing contract must be supported by mutual consideration.
4.The UCC provides that a contract for the sale of goods can be effectively modified without new consideration, provided the modification is made in good faith and both parties intend to modify the contract.
5.Where a stipulation in restraint of trade is part of the sale of a business, it may be valid if the restraint is within reasonable limitations to protect the business's goodwill.
6.Claudia sells her highly successful hair salon to Carl. In the sales contract, Claudia agrees never to open a hair salon in the state. Which of the following best describes this contract clause? a. Void as an illegal violation of a statute. b. Valid as a reasonable restraint on trade. c. Unenforceable as a violation of public policy. d. Binding as a fair protection.
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