Contract Questions

94 after making her bid at an auction alice wishes to

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Unformatted text preview: at an auction, Alice wishes to withdraw her bid before the auctioneer’s hammer falls: She may do so since, generally, offers can be revoked any time before acceptance. She may do so since her offer was not in writing. She may not do so if somebody else has made a bid in reliance on her bid. She may not do so unless she revokes in writing. a. b. c. d. 95. a. b. c. d. 96. Al Accountant has a tax service and accounting business in Redwood City. He decides to move to Center City, which is 150 miles away and sells his accounting practice to Able and Baker, a CPA firm, and in the sales contract agrees that he will refrain from practicing accounting anywhere within a 100 mile radius of Redwood City for a period of five years. However, on weekends he returns to his house in Redwood City, and when clients call him, he meets with them in his home. Al is in violation of the sale agreement. The agreement is invalid, because it is an illegal restraint on trade. The agreement is illegal, because it is a violation of public policy. The five year provision is...
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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.

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