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Please read each question carefully. The questions are based on, Chapters 18-33 of the course materials (Business

Law: Text and Exercises), course Handouts (PowerPoint presentations), along with course assignments (WorkSets and class discussions). Each question is based on a course objective. Correct answers must include multiple legal terms

Please read each question carefully. The questions are based on, Chapters 18-33 of the course materials (Business Law: Text and Exercises), course Handouts (PowerPoint presentations), along with course assignments (WorkSets and class discussions). Each question is based on a course objective. Correct answers must include multiple legal terms. 1. Michelle places an ad to sell her tread mill on Gregz List. Within minutes of placing the ad, she receives a message from bargain-hunter extraordinaire, Ryan. Ryan promises to pay the cost and pick-up the tread mill on April 1st. Michelle calls Ryan and agrees to his terms. A.Explain whether a contract is formed - stated in words, written, or formed in whole or in part from the conduct of the parties? B. Explain whether there is a contract between Michelle and Ryan,that has no legal effect or force in a court action? 2. After Ryan's agent Maria, learns of the transaction between Ryan and Michelle, Maria contacts Michelle and offers to pay double. Michelle tells Maria, that she only has one item for sale and she placed the tread mill in her garage, in the designated area, as specified during her conversation with Ryan. A. Describe whether Ryan has an insurable interest and rights in the tread mill against Maria? 3. Neighbor Joyce has been angry at Michelle for years for accepting FedEx packages that did not belong to her. So Joyce pays Unique to delay Michelle at the toll plaza by inspecting her TxTag, just long enough for Jennifer and Erica to break in and retrieve the FedEx packages from Michelle's house. While leaving with the packages, Jennifer and Erica spill paint on the tread mill. A. Determine whether Michelle assumed liability for any loss or damage to the tread mill located in her garage? B. Determine whether Michelle or Ryan has title to the tread mill. 4. Lottery winner, Kat used her earnings to purchase a custom Tesla. Her late arrival at the airport was due to an hour-long inspection of the TxTag on the car in front of her at the toll plaza. As a result, she used the valet service at the airport. Kat received the claim check from the valet driver in exchange, she provided the keys to her Tesla.Unfortunately for her, the valet driver, Araceli used her Tesla to begin a ride-share app based, transportation service company in Austin called,"Oober". A. Determine whether Kat bears the risk of loss for her Tesla. b. BONUS - What steps must Araceli take to reserve the name and properly register her company, "Oober" in the State of Texas.
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5. Although Ryan was ecstatic about the purchase of his new tread mill, he was always searching for new ways to save money, even if it meant cutting a few corners. When he learned it would cost $20 to reserve a moving truck and an additional $4 for gas, he decided to borrow his class- mate Elizabeth's iPhone and request a ride from Oober. Although Michelle had not agreed to these new terms, Ryan expected her to break down the treadmill and load the pieces into Araceli's Oober car. A. Explain whether Michelle is obligated to accept the new additional terms proposed by Ryan. 6. Ryan arrives and finds the tread mill covered in paint. While on Gregz List, he discovered an ad from Rebecca, seeking a new treadmill to use for her indoor dog walking business. The ad is specific that the dogs are allergic to many chemicals, including latex. Ryan responds to Rebecca's ad and promises that the tread mill he is offering to sell is"just like new and will be perfect for the dogs." A. Because the thread mill fails to conform, what rights does Ryan have against Michelle? B. Determine whether Ryan is liable if Rebecca relies on his skill and judgment to select and purchase the tread mill that is currently covered in paint. 7. Araceli, fearing the worse after hearing the commotion between Ryan and Michelle, decides to leave and pick up Herman, Secorra and Kierra. The three are headed to present evidence of tax fraud on behalf of the State Comptroller, the Treasury Department. The accused happens to be a local bank Manager with a side company that has failed to pay franchise and property taxes and is suspected of laundering counterfeit money through the bank. Among the evidence is a document that Michelle presented to the accused to sign, that will allow her to create an interest in the tread mill that secures the accused's performance to pay. A. Describe the interest created by Michelle. B. Describe Michelle's role after she has created the interest in the tread mill. C. Describe the role of the person (the accused) who is obligated to pay Michelle for tread mill. D. Describe the agreement Michelle presented to the accused thatcreates an interest.e. Describe the role of the tread mill in the transaction betweenMichelle and the accused.
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