Question 1

Flo tells Ginger during a phone call that she will buy her textbook from last semester for $65.Ginger agrees.These parties have​

Accepted Answer

The agreement between Flo and Ginger to buy a textbook for a specific price constitutes an express contract. It is a legally binding agreement that was explicitly agreed upon by both parties.

Question 2

Rob promises to pay Sara,his niece,$5,000 if she obtains her degree at Tech University,where she is in her third year.Sara graduates.Rob is​

Accepted Answer

Rob promised to pay Sara $5,000 if she obtained her degree at Tech University, and Sara graduated from Tech. Therefore, Rob is required to pay Sara because she fulfilled the conditions of the agreement. The fact that Sara was already at Tech or that obtaining a degree benefits her does not impact Rob's obligation to pay under the terms of their agreement. The difficulty of finding a job after college is also not relevant to this particular agreement.

Question 3

Lou offers to service Millie's heating and air conditioning system for one year for $500.Under the mirror image rule,Millie's response will be considered an acceptance if the terms of the acceptance​

Accepted Answer

The mirror image rule states that the terms of the acceptance must exactly mirror those of the offer. Therefore, Millie's response will be considered an acceptance only if the terms exactly correspond with the terms of the offer. Any changes in the items offered or the price would make the response a counteroffer, not an acceptance.

Question 4

Brian offers Carly a dozen piano lessons for a certain price per lesson but conditions the deal on Carly accepting the offer by April 1.Brian may revoke the offer​

Accepted Answer

Brian can revoke the offer before Carly accepts it, as offers can generally be revoked any time before acceptance unless consideration is given to keep the offer open.

Question 5

Global Corporation enters into contracts with buyers in e-commerce and traditional commerce.The Uniform Electronics Transactions Act applies,if at all,only to those transactions in which the parties agree to use​

Accepted Answer

The Uniform Electronics Transactions Act applies only to transactions in which the parties agree to use electronic means.

Question 6

Industrial Engineering,Inc. ,promises to give stock options to Jasmine for processes she has already designed for the firm.This promise is enforceable​

Accepted Answer

The answer of Industrial Engineering,Inc. ,promises to give stock options...

Question 7

While sailboarding,Jolene is injured when Kirby carelessly crosses her path.Kirby's insurance company offers Jolene $50,000 to release Kirby from liability,and she accepts.Later,Jolene learns that her injuries are more serious than she realized.The release is​

Accepted Answer

The release is enforceable because Jolene accepted the offer and released Kirby from liability. It does not matter if Jolene later discovers that her injuries are more serious than she realized. As long as the offer was made in good faith and supported by consideration (the $50,000), the release is binding.

Question 8

Megan gives out a business card with an e-mail address on it.It is reasonable to infer that Megan has consented to

Accepted Answer

The answer of Megan gives out a business card with...

Question 9

Due on Receipt,Inc. ,makes tax software,which is packaged with a shrink-wrap agreement.Evenflo Products Company distributes the software to retailers,including a Flatprice discount store,where Greta buys a package of it.The parties to the shrink-wrap agreement are​

Accepted Answer

The answer of Due on Receipt,Inc. ,makes tax software,which is...

Question 10

Play-It-Loud,LLC,provides music-streaming services online subject to complex pricing schedules.To control specific offers for the services and thus the resulting contracts,important terms to provide online include​

Accepted Answer

A provision relating to the resolution of any dispute is important to include in the terms to address any potential legal issues that may arise between Play-It-Loud, LLC and its users. The other options do not provide important information about the services or help to clarify any legal issues.

Question 11

Rafi offers a tour of Bay Harbor aboard his sailboat,Sea Siren,to Tiara's Travel Group for $500.Referring to the prices for similar tours,Tiara's says,"We'll pay no more than $400." Rafi's offer is​

Accepted Answer

The answer of Rafi offers a tour of Bay Harbor...

Question 12

After an accident with a vehicle licensed to Guardian Security Company,Heidi signs a covenant not to sue Guardian Security for damages in a tort action if it pays for the damage to her car.This covenant is​

Accepted Answer

The covenant not to sue acts as a release of liability if Guardian Security pays for the damages. Therefore, it serves as a bar to recovery in a tort action against them.

Question 13

Lauren files a suit against Moving Service for breach of contract,based on what Lauren claims was Moving's offer.For a court to determine if a contract has been breached,under the common law,the offer must include terms that are​

Accepted Answer

Under common law, an offer must include terms that are reasonably definite, meaning that they establish the basis for determining the existence of a breach and for giving an appropriate remedy. An offer that is too vague or uncertain cannot form the basis of a contract, and one that is exactly precise or unequivocally approximate may not provide sufficient guidance for determining the parties' obligations.

Question 14

Oceans Inc. ,a seafood distributor,agrees to buy from Paul,a commercial fisherman,any "overstock" of fish that Paul catches in excess of his legal limit.This agreement is most likely​

Accepted Answer

The agreement is void as it violates the law regarding the legal limit for catching fish, which cannot be exceeded. Any agreement that violates the law is considered void and unenforceable.

Question 15

Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis.Nevin promises to hold the offer open in return for a small payment but does not state an exact period of time.With respect to this offer​

Accepted Answer

When a period of time is not specified for holding an offer open, a reasonable period of time is implied. Therefore, Nevin's promise to hold the offer open would be binding for a reasonable period of time.

Question 16

Bytes Inc.enters into contracts for its cloud services online.Bytes can protect itself against disputes involving these contracts by making important terms

Accepted Answer

By making important terms reasonably clear, Bytes Inc. can ensure that both parties involved in the contract have a clear understanding of the terms and conditions of the agreement. This can help to prevent disputes and legal issues in the future. Vague or ambiguous terms can lead to confusion and misunderstandings, which can ultimately result in disputes and legal action. Practical and standardized terms may also be helpful, but they are not as important as ensuring that the terms are reasonably clear.

Question 17

Idina admires Jules's collection of guitars.Jules says,"I plan to sell the collection when I get tired of it." Jules's statement is​

Accepted Answer

Jules's statement is not an offer because they have only expressed their intent to enter into a future contract (if they get tired of the collection). It does not set out any specific terms or indicate a willingness to enter into a present contract. Therefore, it cannot be considered an offer for Idina to accept.

Question 18

Digital Enterprise,Inc. ,promises to pay its employees a year-end bonus "if profits continue to be high and management agrees at the time." This is​

Accepted Answer

The promise of a year-end bonus is an illusory promise because it is only conditional upon two factors: profits continuing to be high and management agreeing at the time. Therefore, there is no actual promise being made and it is not an enforceable contract.

Question 19

Fresh Gro,Inc. ,offers to deliver produce to the customers of Grocer's Mart for a certain price.Fresh's intent to extend a serious offer to Grocer's Mart is determined by reference to Fresh's​

Accepted Answer

The best choice is D because intentions are not enough to demonstrate a serious offer. Instead, a serious offer requires words and actions that indicate a true willingness to enter into a contract. Fresh Gro, Inc. offering to deliver produce to the customers of Grocer's Mart for a certain price are the words and actions that demonstrate an intent to extend a serious offer.

Question 20

Anton tells Brooke,who has no knowledge of Shakespearean comedy,that he will tutor her in the subject for $50.As an offer,this is​

Accepted Answer

Anton's offer is effective because he is offering to provide a service (tutoring in Shakespearean comedy) for a fee ($50), which is a reasonable and clear proposal. While Brooke may have no prior knowledge of the subject, that does not necessarily make the offer ineffective, as she may be interested in learning and willing to pay for the instruction. Additionally, the effectiveness of Anton's tutoring being subjective is not relevant to the effectiveness of his offer as a whole.

Quiz 12: Formation of Traditional and E-Contracts

Flo tells Ginger during a phone call that she will buy her textbook from last semester for $65.Ginger agrees.These parties have​

Rob promises to pay Sara,his niece,$5,000 if she obtains her degree at Tech University,where she is in her third year.Sara graduates.Rob is​

Lou offers to service Millie's heating and air conditioning system for one year for $500.Under the mirror image rule,Millie's response will be considered an acceptance if the terms of the acceptance​

Brian offers Carly a dozen piano lessons for a certain price per lesson but conditions the deal on Carly accepting the offer by April 1.Brian may revoke the offer​

Global Corporation enters into contracts with buyers in e-commerce and traditional commerce.The Uniform Electronics Transactions Act applies,if at all,only to those transactions in which the parties agree to use​

Industrial Engineering,Inc. ,promises to give stock options to Jasmine for processes she has already designed for the firm.This promise is enforceable​

While sailboarding,Jolene is injured when Kirby carelessly crosses her path.Kirby's insurance company offers Jolene $50,000 to release Kirby from liability,and she accepts.Later,Jolene learns that her injuries are more serious than she realized.The release is​

Megan gives out a business card with an e-mail address on it.It is reasonable to infer that Megan has consented to

Due on Receipt,Inc. ,makes tax software,which is packaged with a shrink-wrap agreement.Evenflo Products Company distributes the software to retailers,including a Flatprice discount store,where Greta buys a package of it.The parties to the shrink-wrap agreement are​

Play-It-Loud,LLC,provides music-streaming services online subject to complex pricing schedules.To control specific offers for the services and thus the resulting contracts,important terms to provide online include​

Rafi offers a tour of Bay Harbor aboard his sailboat,Sea Siren,to Tiara's Travel Group for $500.Referring to the prices for similar tours,Tiara's says,"We'll pay no more than $400." Rafi's offer is​

After an accident with a vehicle licensed to Guardian Security Company,Heidi signs a covenant not to sue Guardian Security for damages in a tort action if it pays for the damage to her car.This covenant is​

Lauren files a suit against Moving Service for breach of contract,based on what Lauren claims was Moving's offer.For a court to determine if a contract has been breached,under the common law,the offer must include terms that are​

Oceans Inc. ,a seafood distributor,agrees to buy from Paul,a commercial fisherman,any "overstock" of fish that Paul catches in excess of his legal limit.This agreement is most likely​

Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis.Nevin promises to hold the offer open in return for a small payment but does not state an exact period of time.With respect to this offer​

Bytes Inc.enters into contracts for its cloud services online.Bytes can protect itself against disputes involving these contracts by making important terms

Idina admires Jules's collection of guitars.Jules says,"I plan to sell the collection when I get tired of it." Jules's statement is​

Digital Enterprise,Inc. ,promises to pay its employees a year-end bonus "if profits continue to be high and management agrees at the time." This is​

Fresh Gro,Inc. ,offers to deliver produce to the customers of Grocer's Mart for a certain price.Fresh's intent to extend a serious offer to Grocer's Mart is determined by reference to Fresh's​

Anton tells Brooke,who has no knowledge of Shakespearean comedy,that he will tutor her in the subject for $50.As an offer,this is​

Flo tells Ginger during a phone call that she will buy her textbook from last semester for $65.Ginger agrees.These parties have

Rob promises to pay Sara,his niece,$5,000 if she obtains her degree at Tech University,where she is in her third year.Sara graduates.Rob is

Lou offers to service Millie's heating and air conditioning system for one year for $500.Under the mirror image rule,Millie's response will be considered an acceptance if the terms of the acceptance

Brian offers Carly a dozen piano lessons for a certain price per lesson but conditions the deal on Carly accepting the offer by April 1.Brian may revoke the offer

Global Corporation enters into contracts with buyers in e-commerce and traditional commerce.The Uniform Electronics Transactions Act applies,if at all,only to those transactions in which the parties agree to use

Industrial Engineering,Inc. ,promises to give stock options to Jasmine for processes she has already designed for the firm.This promise is enforceable

While sailboarding,Jolene is injured when Kirby carelessly crosses her path.Kirby's insurance company offers Jolene $50,000 to release Kirby from liability,and she accepts.Later,Jolene learns that her injuries are more serious than she realized.The release is

Due on Receipt,Inc. ,makes tax software,which is packaged with a shrink-wrap agreement.Evenflo Products Company distributes the software to retailers,including a Flatprice discount store,where Greta buys a package of it.The parties to the shrink-wrap agreement are

Play-It-Loud,LLC,provides music-streaming services online subject to complex pricing schedules.To control specific offers for the services and thus the resulting contracts,important terms to provide online include

Rafi offers a tour of Bay Harbor aboard his sailboat,Sea Siren,to Tiara's Travel Group for $500.Referring to the prices for similar tours,Tiara's says,"We'll pay no more than $400." Rafi's offer is

After an accident with a vehicle licensed to Guardian Security Company,Heidi signs a covenant not to sue Guardian Security for damages in a tort action if it pays for the damage to her car.This covenant is

Lauren files a suit against Moving Service for breach of contract,based on what Lauren claims was Moving's offer.For a court to determine if a contract has been breached,under the common law,the offer must include terms that are

Oceans Inc. ,a seafood distributor,agrees to buy from Paul,a commercial fisherman,any "overstock" of fish that Paul catches in excess of his legal limit.This agreement is most likely

Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis.Nevin promises to hold the offer open in return for a small payment but does not state an exact period of time.With respect to this offer

Idina admires Jules's collection of guitars.Jules says,"I plan to sell the collection when I get tired of it." Jules's statement is

Digital Enterprise,Inc. ,promises to pay its employees a year-end bonus "if profits continue to be high and management agrees at the time." This is

Fresh Gro,Inc. ,offers to deliver produce to the customers of Grocer's Mart for a certain price.Fresh's intent to extend a serious offer to Grocer's Mart is determined by reference to Fresh's

Anton tells Brooke,who has no knowledge of Shakespearean comedy,that he will tutor her in the subject for $50.As an offer,this is