Select the best answer choice. Doug Coe, a real estate agent, sold a friend's house without charging a commission, and in return, the friend promises to give Coe $1,000. Which of the following is true? O The friend's promise lacks consideration. O The contract is enforceable. The mutual promises are supported by consideration. O The contract is enforceable, but has not yet been executed by one of the parties. Select the best answer choice. Owen Owner has an electronics store. On December 8, he sent a written request to a Comey Computer Manufacturer asking for the price of a particular computer that was on sale for the holidays. Comey Computer Manufacturer sent a written reply with a catalog listing the prices and description of all of his available computers. The letter stated that the terms of sale were cash within 45 days of delivery. On December 16, by return letter, the store owner ordered the computer, enclosing a check for $4.400, the listed price. Immediately on receipt of the order and check the manufacturer informed Owen Owner that there had been a pricing mistake in the catalog, which should have quoted the price as $4.900 for that computer. Owen Owner refused to pay the additional $500 In a sult for damages, will Comey Computer Manufacturer prevall over Owen Owner? Yes, because there was a mistake as to price. No, because Owen Owner's December 16 letter was a proper acceptance of Comey Computer Manufacturer's offer O Yes, because his first communication stated terms calling for cash within 45 days of delivery. Yes, because Comey Computer Manufacturer's first communication did not constitute an offer. Select the best answer choice. A holiday cookie manufacturer uses a number of pre-printed purchase order forms to make separate purchases of flour and banking sugar from holiday cookie supplier, Supplier responded to each separate order by sending shipment and its own written confirmation that confirmed the shipment and the terms of acceptance. Later on, according to holiday cookie manufacturer, the last shipment contained spoiled baking sugar and flour. Holiday cookie filed a breach of contract action in state court. The supplier filed a motion to have the dispute transferred to arbitration Holiday cookie manufacturer's purchase order forms were silent with respect to the mode of settling disputes, but the supplier's form contained a clause calling for any controversy or claim to be settled by binding arbitration, Holiday cookie manufacturer was silent as to the arbitration clause. What is the likely decision of the court? The clause did not become part of the contract since it materially altered the offer, and as a result there would be no transfer to arbitration The clause did not become incorporated into the contract since the offer in this case expressly limited acceptance to the strict terms of the offer, and therefore there is no transfer to arbitration, The case must be transferred to arbitration since the additional term did not materially alter the offer, and as a result became automatically incorporated into the contract The case must be transferred to arbitration since any additional cause in a written acceptance always becomes a part of the contract if the offeror does not reject it. Select the best answer choice. Stephanie offers to purchase new flooring for her home from XYZ Flooring. When does acceptance occur? o When XYZ Flooring celivers the flooring to Stephanie's home. o When XYZ Flooring communicates to Stephanie that they will sell her the flooring. When Stephanie offered to purchase the flooring o When XYZ Flooring accepts payment for the flooring