1- Jesus has a contract to buy 1000 desks from Patrick at a price of $150 a...
Question:
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
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds