Which of the following is the most likely to be a disputed, or unliquidated, debt?

1 a restaurant bill for $30

2 a $300 bill from Sears for the price of a lawn mower

3 an overdue rent payment of $550

4 a bill for a $220 auto repair, when no price was discussed beforehand

Kimball Mines agrees to sell all the coal it producesfor one year to PSE&G at market price. This is an example of

1 an outputs contract.

2 an illusory contract.

3 a quasi-contract.

4 an option contract.