Mike owns a house in a poor area of a large city mike

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Business Law: Text and Cases
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Chapter 11 / Exercise 2
Business Law: Text and Cases
Clarkson/Miller
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32. Mike owns a house in a poor area of a large city. Mike is on disability and his total monthly income is $700. A sales representative visits his home, selling a water purification system. Mike signs a contract that calls for monthly payments of $500 for the next 10 years. The water system is worth no more than $1000. Mike thought he was signing a permission slip allowing the salesman to conduct a free water test to determine the toxins in the water. How would a court most likely describe this contract?a. The contract is fully enforceable as written.b. The contract is unenforceable because it is unconscionable.c. The contract is enforceable, but only up to the value of the water system. d. The contract is unenforceable because it is exculpatory.
ANSWER:POINTS:DIFFICULTY:b1Difficulty:EasyNATIONAL STANDARDS: United States- BUSPROG: AnalyticSTATE STANDARDS: United States- NC- AICPA: BE-Critical ThinkingTOPICS: KEYWORDS:A-Head: Contracts That Violate Public PolicyBloom's: Comprehension
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Business Law: Text and Cases
The document you are viewing contains questions related to this textbook.
Chapter 11 / Exercise 2
Business Law: Text and Cases
Clarkson/Miller
Expert Verified
33. Eintz Corp. hired Jose to bribe a foreign government official into awarding a $3 million contract to Eintz. Eintz gave Jose $10,000 in cash to make the bribe payment and $2000 for Jose's efforts. Instead of paying the bribe, Jose pocketed all of the money. IfEintz sues Jose, Eintz will:
dPOINTS: 1DIFFICULTY: Difficulty: ModerateNATIONAL STANDARDS: United States- BUSPROG: Analytic STATE STANDARDS: United States- NC- AICPA: BB-Legal TOPICS: A-Head: Contracts That Violate A Statute KEYWORDS: Bloom's: Comprehension34. In bailment cases, exculpatory clauses:
bPOINTS: 1DIFFICULTY: Difficulty: ModerateNATIONAL STANDARDS: United States- BUSPROG: AnalyticSTATE STANDARDS: United States- NC- AICPA: BE-Critical ThinkingTOPICS: KEYWORDS:A-Head: Contracts That Violate Public PolicyBloom's: Comprehension
35. Judith is a CPA with an excellent reputation and client base. She sells her tax preparation business to Shawn, and the sales contract includes a noncompete clause restricting Judith from opening a similar business for two years within a 10-mile radius of her former office. If she opens a tax preparation office five miles away after one year, a court would probably:
aPOINTS: 1DIFFICULTY: Difficulty: ModerateNATIONAL STANDARDS: United States- BUSPROG: AnalyticSTATE STANDARDS: United States- NC- AICPA: BE-Critical ThinkingTOPICS: KEYWORDS:A-Head: Contracts That Violate Public PolicyBloom's: Application

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