PLEASE someone check these for me, Thanks..
Delta Inc. offers to sell Omega Corp. a packaging machine. Omega responds “We’ll take it but only if there is a six-month warranty.” Which of the following is true?
There is a contract, and Omega has a six-month warranty.
There is a contract, but Omega does not have a six-month warranty.
There is a contract unless the warranty term is a material change.
ANSWER:***There is no contract.
2. Petra contracted to paint Bret’s house for $2,000. After beginning the job, Petra realizes that the house is really quite big, and she’s not going to make enough profit, so she tells Bret she wants another $500 to finish the job. Bret doesn’t want to pay more, but he’s afraid that if she walks off the job, he’ll have trouble finding someone else to finish it, so he agrees. Is Bret legally obligated to pay the extra $500? (Points : 1)
Yes, if Petra does finish the paint job.
Yes, this is a contract under the UCC.
No, Bret made an illusory promise.
ANSWER:***No, Petra had a pre-existing duty to paint the house for $2,000.
3. Royal Hotel Inc. orally orders 100 standard sets of sheets from Textile Inc. for a price of $500. Textile immediately sends back a written invoice with the details of the conversation.
Royal and Textile have an enforceable contract unless Royal objects within 10 days.
ANSWER:*** have an enforceable contract unless Textile objects within a reasonable time.
do not have an enforceable contract because it was an oral agreement.
do not have an enforceable contract because Royal never signed the invoice.
4. Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, “I accept. Make sure you wash and wax the car before you bring it over.” Which best describes the situation?
There is a contract; Daniel must wash and wax the car.
ANSWER:***There is a contract, but Daniel does not have to wash and wax the car.
There is no contract; Jen made a counteroffer.
There is no contract unless Jen is willing to take an unwashed car.
5. Alison contracts to sell “50 bushels of tomatoes grown in my garden” to Flora’s Café. Alison’s garden is wiped out by a hailstorm. The contract is
ANSWER:***discharged due to impossibility.
discharged due to commercial impracticability.
discharged due to frustration of purpose.
not discharged.
6. Under the UCC, a court is most likely to find a contract is unconscionable and should be voided if
the terms are grossly unfair.
the parties do not have equal bargaining power.
the parties are both merchants.
Two of these
ANSWER:*** All of these
7. Consideration is:
Part of a bargained -for exchange.
Either a benefit or detriment.
An element of a contract.
Two of the above
ANSWER:***All of these
8. Unlike the common law, the UCC provides that a firm’s offer cannot be revoked if it
is made by a merchant.
is in a signed document.
gives assurance it will be held open.
ANSWER:***All of these
9. Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A widgets in stock, so it ships Alpha 100 Grade B widgets instead. Which of the following is true?
Beta has made a counteroffer.
Beta has accepted Alpha’s offer.
ANSWER:***Beta has breached.
Two of these
10. Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying, “Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which of the following best describes the situation?
There is a contract, because Breanna has accepted the offer.
There is no contract, because Breanna did not use a proper form of acceptance.
There is no contract, because Breanna made a counteroffer.
There is no contract, because Merlin never made an offer.
Not of the answer for the last question #10
#10- There is no contract - Merlin never made an offer
The correct answer for question #10 is: There is no contract, because Breanna made a counteroffer.
The answer to question #10 is: There is no contract, because Breanna made a counteroffer.
Explanation:
In this scenario, Merlin posted his car for sale, which can be considered an invitation for offers. When Breanna expressed interest in buying the car and stated that she will pick it up tomorrow, she made a counteroffer. A counteroffer is a rejection of the original offer and the introduction of a new offer. Therefore, there is no contract unless Merlin accepts Breanna's counteroffer.