Selected ans wer valid due to the unfor eseen diffic

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Selected Ans wer: valid due to the unfor eseen diffic ulty of the sudde n price incre ase. Question 3 5 out of 5 points Jeff offers Kelly $1,000 for her three- year-old laptop computer. Kelly accepts. If a dispute arises, a court would likely Ch. 12: Contracts: Consideration - No. 9 Clarkson et al.’s Business Law (11th ed.)
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Selected Answ er: not questi on the adequ acy of the consi derati on. Question 4 5 out of 5 points Carl pledges $1,000 to the Disaster Relief Organization (DRO). On the basis of the pledge, DRO orders additional rescue equipment. Carl fails to pay. In DRO's suit, a court may enforce the pledge Ch. 12: Contracts: Consideration - No. 10 Clarkson et al.’s Business Law (11th ed.)
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Selected Answ er: under the doctri ne of promi ssory estopp el. Question 5 5 out of 5 points Quinn promises to sell his recreational vehicle (RV) to Sid, who builds a structure behind his house in which to keep it. Quinn's later attempt to renege on the promise is Ch. 12: Contracts: Consideration - No. 11 Clarkson et al.’s Business Law (11th ed.)
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Selected Ans wer: not effect ive if Sid detri ment ally relied on Quin n's prom ise. Question 6 5 out of 5 points Fact Pattern 12-1B Sal contracts with Tasty Pizza Company to deliver its products. Both parties change their minds, however, and inform each other that they would like to cancel the contract. Ch. 12: Contracts: Consideration - No. 12 Clarkson et al.’s Business Law (11th ed.)
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Refer to Fact Pattern 12-1B. Sal and Tasty Selected Answ er: may rescin d their contr act to the extent that it is execu tory. Question 7 5 out of 5 points In most states, a release requires a signed writing. Selected Answer: True Question 5 out of 5 points Ch. 12: Contracts: Consideration - No. 13 Clarkson et al.’s Business Law (11th ed.)
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8 Axel, the owner of Bar-B-Q Café, announces that he plans to paint its front fluorescent red. Cleo, the owner of Delicate Dress Shop next door, promises to pay Axel $1,000 to use a more conservative color. Axel agrees. Cleo's promise is Ch. 12: Contracts: Consideration - No. 14 Clarkson et al.’s Business Law (11th ed.)
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Selected Ans wer: enfo rcea ble, beca use Axel agre ed to refra in from doin g som ethin g that he was legal ly entitl ed to do. Ch. 12: Contracts: Consideration - No. 15 Clarkson et al.’s Business Law (11th ed.)
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Question 9 5 out of 5 points Fact Pattern 12-1B Sal contracts with Tasty Pizza Company to deliver its products. Both parties change their minds, however, and inform each other that they would like to cancel the contract. Refer to Fact Pattern 12-1B. The next day, Sal changes her mind and again offers to deliver Tasty's products. Tasty is willing to deal, but for a new price. Sal and Tasty Ch. 12: Contracts: Consideration - No. 16 Clarkson et al.’s Business Law (11th ed.)
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Selected Answ er: may agree to a new contra ct that includ es the new price. Question 10 5 out of 5 points Superior-Plus Properties, Inc., and Topps Construction Company sign a contract that specifies the amount to be paid. Additional compensation may be justified by Ch. 12: Contracts: Consideration - No. 17 Clarkson et al.’s Business Law (11th ed.)
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Selected Ans wer: extra ordin ary diffic
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