1- Jesus has a contract to buy 1000 desks from Patrick at a price of $150 a desk. Five days before Patrick is to deliver the desks, he tells Jesus that he is sorry, but $150 won't cover his costs; he will need at least $175 a desk. Jesus agrees, because he needs the desks for his special sale. The modified contract is enforceable without new consideration, so long as Patrick is acting in good faith.

True

False

2-If destruction or casualty to goods, total or partial, occurs after risk of loss has passed to the buyer, who is responsible for losses?

	a.	The buyer if the loss is partial; both parties share the loss if it is total
	b.	The buyer, who must pay the entire contract price of the goods
	c.	The carrier delivering the goods
	d.	The seller

3-In a lease of personal property, title does pass.

True

False

Answer rating: 100% (QA)

1 Here the parties are trying to modify the original terms of the ... View the full answer