Question: I know its five questions but i only have a couple more questions remaining I will leave a good rating and a note saying how
I know its five questions but i only have a couple more questions remaining I will leave a good rating and a note saying how helpful you were!!!! Thanks again!!!
23. Industrial Engineering, Inc., promises to give stock options to Jasmine for processes she has already designed for the firm. This promise is enforceable
a. because it is a new contract.
b. because it is an illusory promise.
c. because it is supported by past consideration.
d. under no circumstances.
24. Kate writes a check to Paylee, Inc. in an amount that represents half of her debt to the lender. On the back of the check, Kate includes the words "payment in full." Paylee, Inc. agrees to accept the lesser sum and cashes the check. This discharges the entire debt
a. if the debt is liquidated.
b. if the debt is past due.
c. if the debt is unliquidated.
d. under no circumstances.
25.Vanessa, a seventeen-year-old, signs a contract to sell her car to Maroo Used Cars. The next day, Vanessa tells Maroo that she's decided not to sell the car. Vanessa is liable to Maroo for
a. the cost of a car of comparable value.
b. the value of her performance under the contract.
c. the amount of its profit on the deal.
d. nothing.
26. Marnie, a minor, disaffirms a contract for necessaries without returning the goods. To Leon's Food Mart, the seller, Marnie is required to pay
a. nothing.
b. the reasonable value of the goods.
c. the sales price of the goods.
d. the ultimate worth of the goods.
27. Warren enters into a contract to sell his laptop to Roberta. Roberta takes possession of the laptop as a minor and continues to use it well after reaching the age of majority. Roberta has
a. expressly ratified the contract.
b. impliedly ratified the contract.
c. disaffirmed the contract.
d. none of the choices.
I know its five questions but i only have a couple more questions remaining I will leave a good rating and a note saying how helpful you were!!!! Thanks again!!!
I know its five questions but i only have a couple more questions remaining I will leave a good rating and a note saying how helpful you were!!!! Thanks again!!!
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
