Unformatted text preview: ed upon the defendant.
for the damages sustained. 427. The president of Deal Corp. wrote to Boyd, offering to sell the Deal factory for $300,000. The
offer was sent by Deal on June 5 and was received by Boyd on June 9. The offer stated that it
would remain open until December 20. The offer
constitutes an enforceable option.
may be revoked by Deal any time prior to Boyd’s acceptance.
is a firm offer under the UCC but will be irrevocable for only 3 months.
is a firm offer under the UCC because it is in writing. 428. The requirement that each party to a contract must intentionally exchange something of value as
an inducement to the other party to make a return exchange is known as:
legality of object.
429. The Rogers family has always wanted to buy the beautiful house at the top of the hill. The
owners of the house, the Thompsons, decided to sell and called Mr. Rogers. Before he could get
back in touch with Mr. Thompson, he suffered a heart attack and died....
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.
- Fall '12
- The Lottery