Question: please answer all 3 multiple choice questions please :) 1. Doral Inc, wished to obtain an adequate supply of lumber for its factory extension which

please answer all 3 multiple choice questions please :)
please answer all 3 multiple choice questions
1. Doral Inc, wished to obtain an adequate supply of lumber for its factory extension which was to be constructed in the speing. It contacted Ace Limber Company and obtained a 75 day written option (firm offer) to buy its estimated needs for the bullding. Doral supplied a form contract which included the option. Ace lumber signed at the phiysical end of the contract but did not sign elsewhere, The price of lumber has risen drastically and Ace wishes to avoid its obligation. Which of the following is Ace's best defense against Doral's assertion that Ace is legally bound by the option? 3. Such an option is invalid if its duration is for more than two months. b. The option is not supported by any consideration on Doral's part. c. lem's promise is unenforceable since ford gave no new consideration. d. Since the contract as modified is subject to the statute of frauds, the modification must be in writing - 2. Ford bought a used typewriter for $625 from Jem typewriters, the contract prowided that the typewriter was sold "with all faults as is and at the buyers risk." The typewriter broke down within a month. Ford took it back to Jem and after prolonged arguing and negotiating. Iem orally agreed to reduce the pitce by $50 and refund that amount. Jem has reconsidered his rights and duties and decided not to refund the money. Under the circurnstances which of the following is correct? a. the disclaimer of the implied warranties of merchantability and fitness is invalid b. the agreement to reduce the price is valid and biniding c. Jem's promise is unenforceable since ford gave no new consideration, d. Since the contract as modified is subject to the statue of frauds, the miodification must be in writing: 3. Darrow purchased 100 sets of bookends from Benson Manufacturing inc. Darrow made substantial prepayments of the purchase price, Bensan is insolvent and the goods have not been delivered as promised. Darrow wants the bookends. Under the circumstances, which of the following will prevent Darrow from obtaining the bookends? a. The tact that he did not pay the full price at the time of the purchase even though he las made a tender of the balance and holds it avalable to Benson upon delivery. b. The fact that he can obtain a judgement for damages c. The fact that he was not aware of Benson's insolvency at the time he purchased the bookents d. The fact that the goods have not been identifed to his contract

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