Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda’s Buns n’ Burgers in exchange for her payment of a debt that Lyle owes to New Credit Corporation. New Credit is​ ___.

Gene, an accountant, convinces his client Hazel to sign a contract to invest her savings in 2Gether, a nonexistent social-networking Web site. There is clear and convincing evidence that Hazel did not act out of her free will. This is​ likely an example of ___.

Camp Gear, Inc., makes and sells a camp stove to Devin. Camp Gear fails to exercise “due care” to make the stove safe, however, and Devin is injured as a result. Camp Gear is most likely liable for​ ___.

Kari and Lillian, who are citizens of Mississippi, are involved in a case related to the adoption of their child. Over this case, Mississippi state courts have​ ___.

Rafi offers a tour of Bay Harbor aboard his sailboat, Sea Siren, to Tiara’s Travel Group for $500. Referring to the prices for similar tours, Tiara’s says, “We’ll pay no more than $400.” Rafi’s offer is ___.

For jurisdictional purposes, corporations are considered legal persons.​

An offer can be terminated by operation of law through which of the following events?  Select all that apply.

Dian, an agent for Expo Motors, Inc., writes a letter to Flynn on November 1 stating that she will sell him a 2017 Subaru Outback for $25,000 between November 1 and December 31. Dian’s letter to Flynn is​ ___.

Based on what you’ve learned so far, discuss why businesses (and individuals too) should be careful when creating contracts.  Use examples and/or past experiences to support your reasoning. Response must be at least 40 words in length (3-4 strong sentences) for full credit.  Use complete sentences and proper capitalization for full credit.  Don’t stress about perfect spelling or grammar.

While sailboarding, Jolene is injured when Kirby carelessly crosses her path. Kirby’s insurance company offers Jolene $50,000 to release Kirby from liability, and she accepts. Later, Jolene learns that her injuries are more serious than she realized. The release is​ ___.