Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Raj went to the Napa Valley Harvest Festival, where he stopped at Tina's booth where she was selling paintings of vineyards. Raj admired a painting

Raj went to the Napa Valley Harvest Festival, where he stopped at Tina's booth where she was selling paintings of vineyards. Raj admired a painting of vineyards, which did not appear to be for sale. Raj said to Tina, "I will give you $200 if you give me that painting right now." Tina gave Raj the painting, and Raj gave her $200 in cash. This is an example of a contract that is:

Group of answer choices

Unilateral and executory

Bilateral and executory

Bilateral and executed

Unilateral and executed

Edna, who runs a flower shop, sells Jim a shotgun. Jim is unemployed, and Edna has never before sold a firearm in her life. Which of the following is true?

Group of answer choices

Article 2 of the UCC applies because Edna is a merchant.

Article 2 of the UCC does not apply because Edna is not a merchant with respect to shotguns

Article 2 of the UCC does not apply because Jim is not a merchant

Article 2 of the UCC applies because a shotgun is a movable thing

Kelly & Slater made an offer to buy 100 surfboards from Surf's Up. Surf's Up instead shipped Kelly & Slater 100 skateboards. On these facts, Surf's Up has . . .

Group of answer choices

Taken an action which has no legal significance because it did not mirror the terms of Kelly & Slater's offer

Accepted Kelly & Slater's offer and also breached the contract

Made Kelly & Slater a counteroffer which Kelly & Slater can accept or reject

Rejected Kelly & Slater's offer and modified the terms of the contract

Question 302 pts

On May 14th, Christina mailed Britney an offer, which was "good until May 24th."

Britney mailed Christina an acceptance on May 18th. In this case

Group of answer choices

There is a contract even if Christina called Britney on May 17th and revoked the offer

There is a contract only if Christina receives the acceptance before May 24th

There is a contract even if Christina does not receive Britney's acceptance

There is no contract if Christina calls Britney on May 19th and tries to revoke the offer

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

Healthcare Finance An Introduction To Accounting And Financial Management

Authors: Louis C. Gapenski

4th Edition

1567932800, 978-1567932805

More Books

Students also viewed these Finance questions