9 2 10 wilf agreed to purchase a business from celine

  • Ryerson University
  • LAW 122
  • Test Prep
  • angelaneglia
  • 17
  • 94% (16) 15 out of 16 people found this document helpful

This preview shows page 2 - 4 out of 17 pages.

We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Business: Its Legal, Ethical, and Global Environment
The document you are viewing contains questions related to this textbook.
Chapter 8 / Exercise 8.1
Business: Its Legal, Ethical, and Global Environment
Jennings
Expert Verified
9)2
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Business: Its Legal, Ethical, and Global Environment
The document you are viewing contains questions related to this textbook.
Chapter 8 / Exercise 8.1
Business: Its Legal, Ethical, and Global Environment
Jennings
Expert Verified
10) Wilf agreed to purchase a business from Celine. The parties' contract stated that the deal was toclose on June 1, when Wilf would pay $250 000 to Celine and she would transfer the appropriatedocuments to him. The parties' contract also said: "This sale is conditional upon Wilf's ability toarrange suitable financing from a lending institution." On June 1, Celine called for payment of thepurchase price, but Wilf explained that he had not been able to received financing. Which of thefollowing statements is most likely TRUE?
10)11) Which of the following techniques for discharging a contract requires consideration?
12) Acme Corp entered into a complex agreement with Coyote Inc for the design and delivery ofvarious types of widgets. After several months, however, Acme received an offer to perform asimilar service for the government under a more lucrative contract. Acme could not possiblyperform both agreements. It therefore conducted some research and discovered that anothercompany, Geococcyx Ltd, was able and eager to complete the deal with Coyote. Which of thefollowing statements is TRUE?
12)3

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture