Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

These questions cover Chapters 13 through 16. Please click on the above link to submit a short answer to each of the questions below.

image text in transcribed

These questions cover Chapters 13 through 16. Please click on the above link to submit a short answer to each of the questions below. This is a graded forum so, please, also react via posting to your fellow classmates' responses. Remember, you need to post your own answers first before you can see your classmates' responses. Q#1: Katie mows her own yard to save money. Her neighbor Jonah, however, hires a lawn service to mow his yard. One day, as Katie is looking out of the window, Jonah's lawn service drives up. To her surprise, they begin to mow her yard, not Jonah's yard. Katie thinks that is great and keeps her mouth shut while they mow the yard. Later, she gets a bill. She calls the owner of the lawn service and says that she does not have to pay because there was not a contract in place where she agreed to have her yard mowed. The lawn service says that she is liable for the full amount of its contract. Discuss whether the lawn service is entitled to any recovery, and why or why not. Q#2: At the local diner, Thomas and Lewis are negotiating the sale of a piece of property that Thomas owns. This particular piece of property is a highly sought after piece of property in town. As the two are negotiating the price of the property, Dorothy, Lewis's friend who is sitting at a table with them accepts the offer. Is there a valid contract between anyone seated at the table? Explain why or why not. Q#3: John and Sheridan enter into a contract whereas Sheridan hires John to cater her wedding for $15 a plate per person. On the day of her wedding, John decides that he wants more money and calls Sheridan and tells her that to cater her wedding, he now wants $20 a plate per person. Desperate, Sheridan agrees. Does Sheridan now owe the $20 a plate? Or does she owe John only $15 a plate? Explain your answer. Q#4: Maurice is purchasing a bowling alley called Stay in Your Lane from Vlad. The two sign a covenant not to compete prohibiting Vlad from opening a bowling alley within 25 miles of Stay in Your Lane for one year. Assuming that the covenant was drafted properly, is it likely to be enforced, and why or why not?

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

Accounting Information Systems

Authors: Marshall B. Romney, Paul J. Steinbart

13th edition

133428532, 978-0133428537

More Books

Students also viewed these Accounting questions

Question

1-2. Marketing focuses on and consumer needs.

Answered: 1 week ago

Question

2-9. What are points of difference and why are they important?

Answered: 1 week ago

Question

2-3. What is the meaning of an organizations mission?

Answered: 1 week ago