Question 9 5 points Save Answer Simone offers Tom a dozen piano lessons for a certain price per lesson but conditions the deal on Tom accepting the offer by April 1. Simone may revoke the offer a. only after Tom accepts it. b.only after April 1. c. before Tom accepts it. d. before April 1, whether or not Tom has accepted it. Question 10 5 points Save Answer Reed agrees to sell his Sports Equipment store to Taylor. As part of the sale, Reed promises not to open a similar, competing store anywhere. This promise is most likely O a invalid because of the unreasonable terms of area and time. b. invalid because it is part of a sale of an ongoing business. OC. valid because it is part of a sale of an ongoing business. O d. valid if both parties are justifiably ignorant of the facts. Question 11 10 points Save Answer On December 1, Petroleum, Inc., sent Rachel & Rico (R&R) a letter, via overnight delivery, offering to employ R&R to review Petroleum's tax situation for the current year for $10,000. In the letter, the company stated that R&R had ten days to accept. On December 5, R&R sent an e-mail message that stated. The price for the tax analysis seems too low. Would you consider paying $15,000?" Petroleum received the message without responding immediately. The next day, Smith & Taylor, an R&R competitor, offered to conduct the appraisal for $8.000. On learning of this offer, R&R immediately e-mailed Petroleum, agreeing to do the work for $10,000. Petroleum received this message on December 7. Explain why R&R and Petroleum do, or do not, have a contract. TT T Arial - 3 (12pt) - T - - E- 's Path:p Words:0 Question 12 10 points Save Answer AstroStar, Inc.'s board of directors consists of three membersEckhart, Dolan, and Macero. At a regular board meeting, the board selects Galiard as president of the corporation. Later, an audit reveals that during his term as president he has openly embezzled $500,000 from AstroStar. The same audit reveals that the board knew when it selected Galiard that he had been previously convicted of embezzlement. Can the corporation hold directors Eckhart, Dolan, and Macero personally liable? TTT Arial -3 (12pt) - T - - - - O's Path:p Words:0 Question 9 5 points Save Answer Simone offers Tom a dozen piano lessons for a certain price per lesson but conditions the deal on Tom accepting the offer by April 1. Simone may revoke the offer a. only after Tom accepts it. b.only after April 1. c. before Tom accepts it. d. before April 1, whether or not Tom has accepted it. Question 10 5 points Save Answer Reed agrees to sell his Sports Equipment store to Taylor. As part of the sale, Reed promises not to open a similar, competing store anywhere. This promise is most likely O a invalid because of the unreasonable terms of area and time. b. invalid because it is part of a sale of an ongoing business. OC. valid because it is part of a sale of an ongoing business. O d. valid if both parties are justifiably ignorant of the facts. Question 11 10 points Save Answer On December 1, Petroleum, Inc., sent Rachel & Rico (R&R) a letter, via overnight delivery, offering to employ R&R to review Petroleum's tax situation for the current year for $10,000. In the letter, the company stated that R&R had ten days to accept. On December 5, R&R sent an e-mail message that stated. The price for the tax analysis seems too low. Would you consider paying $15,000?" Petroleum received the message without responding immediately. The next day, Smith & Taylor, an R&R competitor, offered to conduct the appraisal for $8.000. On learning of this offer, R&R immediately e-mailed Petroleum, agreeing to do the work for $10,000. Petroleum received this message on December 7. Explain why R&R and Petroleum do, or do not, have a contract. TT T Arial - 3 (12pt) - T - - E- 's Path:p Words:0 Question 12 10 points Save Answer AstroStar, Inc.'s board of directors consists of three membersEckhart, Dolan, and Macero. At a regular board meeting, the board selects Galiard as president of the corporation. Later, an audit reveals that during his term as president he has openly embezzled $500,000 from AstroStar. The same audit reveals that the board knew when it selected Galiard that he had been previously convicted of embezzlement. Can the corporation hold directors Eckhart, Dolan, and Macero personally liable? TTT Arial -3 (12pt) - T - - - - O's Path:p Words:0