31 May BUSN 420 Week 3 Quiz NEW
busn 420 week 3 assignment
1. (TCO 4) Nationwide Business Company and One-State Sales, Inc., agree to simultaneously rescind their contract and enter into a new agreement under which their duties are the same. Nationwide later sues One-State to enforce the new agreement. The court
2. (TCO 4) Opie enters into a contract with Belle. Later, Opie is adjudged mentally incompetent. Raye, Opie’s daughter, attempts to void Opie’s contract with Belle on the ground of Opie’s incompetency. The contract is
3. (TCO 4) Jane offers to sell Kyle three desks for his Lights & Lamps Company administrative office. Kyle sends a rejection first, then changes his mind and sends an acceptance. Whether they have a contract is determined by
4. (TCO 4) Peter offers to pay Quik Delivery (QD) $50 if it picks up and delivers to him a package from Rico within 30 minutes. QD can accept the offer only by meeting the deadline. If QD performs as directed, these parties will have
5. (TCO 4) Baked Stuff Company agrees to supply Comida Café with all the corn chips that it requires for a year. A sudden blight caused by an organism hitherto unknown in the United States results in a shortage of corn, and the price rises sharply. Baked Stuff asks Comida to pay a higher price for the chips. This request is
6. (TCO 4) Sonic Board Corporation files a suit against Custom Fabricators Company, claiming that the consideration for their contract is inadequate. The court will most likely not examine the adequacy of the consideration if
7. (TCO 4) Flo tells Gregor that she will buy his textbook from last semester for $65. Gregor agrees. Flo and Gregor have
8. (TCO 4) Suki works for Renaldo. At the end of her first year, Renaldo promises to pay her a bonus for her “four quarters of success.” Renaldo’s promise is
9. (TCO 4) Shelby offers to make digital copies of Relay Company’s business conference videotapes, CDs, DVDs, and other media for $500. Under the mailbox rule and the Uniform Electronic Transactions Act (UETA), Relay’s acceptance by e-mail will be considered effective when
10. (TCO 4) Braxton questions whether there is consideration for his contract with Tawny to exchange his accounting services for her payment of a certain amount. To constitute consideration, there must be
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