BUSI Law Milestone 2 ...pdf - Sophia Welcome Score 18/21...

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4/29/2021 Sophia :: Welcome UNIT 2 — MILESTONE 2 Score 18/21 You passed this Milestone 18 questions were answered correctly . 3 questions were answered incorrectly . 1 The purpose of contracts is __________. to limit personal freedom to facilitate economic transactions between individuals to bring order to medieval societies to eliminate any disagreement in economic exchanges
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4/29/2021 Sophia :: Welcome CONCEPT General Perspectives on Contracts 2 Which of the following statements regarding the enforceability of contracts involving minors is true? 3
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Cynthia orders 100 shirts in a variety of colors for her screenprinting business from Juan, a shirt supplier. Before Juan ships the shirts, Cynthia calls him to inform him that she is going out of business and no longer needs the shirts. Juan decides to resell the 100 shirts at public auction. What further remedy does Juan have in this scenario?
4/29/2021 Sophia :: Welcome If Juan sells the shirts at auction for more that the original contract price, he is obligated to share the profits, less any incidental costs, with Cynthia. Juan may sell the shirts at public auction without notifying Cynthia, since she is in breach of contract. If Cynthia becomes aware of the public auction, Juan may refuse to allow Cynthia to bid on the shirts since she is in breach of contract. CONCEPT Seller's Remedies Under the Uniform Commercial Code 4 A manufacturer of a portable circular saw is sued by Dennis, who, while using the saw, put it down on the ground in front of him after it was shut off but while the blade was still turning. The still-circulating saw creeped across the floor, causing significant personal injury to Dennis' foot. Dennis sued the manufacturer for defective design of the circular saw based on it not having a brake mechanism or a retractable cover for the blade once the saw was turned off. How strong of a case does Dennis have in his strict liability lawsuit against the manufacturer based on the defective design of the circular saw?
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