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An example of an implied in fact contract is sitting down at…

Posted on: May 1, 2025 Last updated on: May 1, 2025 Written by: Anonymous
An example of an implied in fact contract is sitting down at a restaurant and having a meal served to you before you pay for it.
Continue reading “An example of an implied in fact contract is sitting down at…”…

The Uniform Commercial Code was enacted for all of the below…

Posted on: May 1, 2025 Last updated on: May 1, 2025 Written by: Anonymous
The Uniform Commercial Code was enacted for all of the below reasons except:
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Compensatory damages for a breach of a sales contract involv…

Posted on: May 1, 2025 Last updated on: October 29, 2025 Written by: Anonymous
Compensatory damages for a breach of a sales contract involving goods are governed by the common law.
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For a contract to be enforceable, which of the following ele…

Posted on: May 1, 2025 Last updated on: May 1, 2025 Written by: Anonymous
For a contract to be enforceable, which of the following elements does not need to be present:
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Letters of intent are normally considered to be offers.

Posted on: May 1, 2025 Last updated on: May 1, 2025 Written by: Anonymous
Letters of intent are normally considered to be offers.
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Aunt Ellie promises her 21 year-old nephew, Robbie, that she…

Posted on: May 1, 2025 Last updated on: May 1, 2025 Written by: Anonymous
Aunt Ellie promises her 21 year-old nephew, Robbie, that she will pay him $100 if he quits smoking for a month. If Robbie, relying on said promise, does quit smoking for a month, is there a binding contract?
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Arthur contracts to build a garage for Bob for a price of $6…

Posted on: May 1, 2025 Last updated on: October 29, 2025 Written by: Anonymous
Arthur contracts to build a garage for Bob for a price of $6,000. Because of a slight increase in the cost of labor and materials, Arthur refuses to perform. Bob wants a garage, so he agrees to pay an additional $500. Under the common law:
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Marge promises to sell Alice 14 watches for $50.00 per watch…

Posted on: May 1, 2025 Last updated on: October 29, 2025 Written by: Anonymous
Marge promises to sell Alice 14 watches for $50.00 per watch and promises to deliver no less than one watch per month and no more than two watches per month. The contract must be in writing under the Statute of Frauds.
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Specific performance of a contract is available in which of…

Posted on: May 1, 2025 Last updated on: May 1, 2025 Written by: Anonymous
Specific performance of a contract is available in which of the following types of contracts?
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A reward must be paid to an individual who performs the requ…

Posted on: May 1, 2025 Last updated on: May 1, 2025 Written by: Anonymous
A reward must be paid to an individual who performs the requested act even if the individual was unaware of the reward at the time they performed the requested act because the offeror got what they wanted.
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