1-5 for question 3

Esc 3. MULTIPLE-CHOICE QUESTIONS: Each question is worth two (2) points. 1. Gary contracts with Dan to buy Dan a new car manufactured by General Motors Corporation (GMC). GMC is A. An intended beneficiary. B. An incidental beneficiary. C. Not a third party beneficiary. D. Both A and B. 2. Sam owes Lyle $10,000. Sam promises, in writing, to give Lyle a video-game machine in lieu of payment of the debt. Lyle agrees and Sam delivers the machine. Substituting and performing one duty for another is A rescission. An accord and satisfaction. T Pgu A novation D. None of the above. PgDn 3. Larry contracts to send his daughter Ann to Quality School for $10,000 tuition. After the school year begins, he withdraws Ann from Quality, refuses to pay, and enrolls Ann in ABC School for $5000. Quality, which cannot find another student to replace Ann, has a right to damages equal to A. $15,000. B. $10,000. $5000. D. $0. 4. General Construction contracts to build a store for Boutique Stores for $1 million. In mid-project, Boutique repudiates the contact, and General stops working. General, which incurred costs of $600,000 and would have made a profit of $100,000, has a right to damages equal to A. $1 million. B. $700,000. C. $100,000. D $0. 5. Jay agrees in writing to sell a warehouse and the land on which it is located to Nora. When Jay refuses to go through with the deal, Nora sues. Jay must transfer the land and warehouse to Nora if she is awarded A Damages. B. Rescission and restitution. C. Specific performance. D. Reformation