Debbie promises to pay Josh, her son, $15,000 if he obtains his degree at Middlesex University...

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Finance

  1. Debbie promises to pay Josh, her son, $15,000 if he obtains hisdegree at Middlesex University where he is currently in his secondyear. Josh graduates. Debby is:
  1.       not required to pay, becauseJosh was already at Middlesex.
  1.       not required to pay, becauseobtaining a degree benefits Josh.
  1.       required to pay because a jobcan be hard to find after college.
  1.       required to pay because Joshobtained a degree at Middlesex

7. Carla, a minor, buys her groceries at Sam’s Mini-Mart. Twodays later, Carla disaffirms the purchase. Carla owes Sam’s:

  1.         the reasonable valueof the groceries which are necessaries.

  1.         the lowest saleprice of the groceries.

  1.         the value of thegroceries plus interest.

  1.         nothing

  1.         Barbie signs acontract with Ken, an unlicensed physician, to perform a surgicalprocedure. This contract would be enforceable by:
  1.         Barbie only.
  2.         Barbie or Ken.
  3.         Ken only.
  4.         no one.

           

  1.        The four types of damagesfor breach of contracts are:
    1. punitive, nominal, consequential, and compensatory.
    2. impracticability, punishment, financial and capacity.
    3. repudiation, specific performance,discharge, satisfaction.
    4. performance, breach, tort, intentional.

           

  1.      Natalie and Izzy want to rescind theircontract under which Natalie sold a dress to Izzy for $50. To fullyrescind the contract:

  1.         Izzy must return thedress and Natalie must return the $50.
  2.         Natalie must returnthe $50 only.
  3.         Izzy must return thedress only.
  4.         The parties cannotrescind the contract because it was a sale of goods.

           

  1. .       Sophie files a suitagainst Max. Before going to trial, the parties, with theirattorneys, meet to try to resolve their dispute. A third partyhelps them to reach their own agreement. This is:
  1.         arbitration.
  2.         litigation.
  3.         mediation.
  4.         negotiation
  1. Speedy cleaning service has been contracted to clean the homeof the Small family at 118 Spring Street. On the first visit,Speedy Cleaning Service rings the bell at 120 Spring Street and Mr.Big lets them in. Speedy spends 3 hours cleaning the house andleaves a bill for $120.
  1.         The theory of quasicontract will apply and Mr. Big a 120 Spring Street will have topay.
  2.         There is no intentto contract by Mr. Big, so no payment will be required.
  3.         The Small familywill pay based on the contractual agreement.
  4.         Speedy doesn’t getpaid because of breach of contract with the Smallfamily.      
  1.    Chuck agrees to meet Blaire at a fancy restaurantat 7:00 p.m. for a date. Blair arrives early, orders dinner, andwaits for Chuck. He never shows up:
  1. Everyone knows Chuck is rude.
  2. Blair can sue Chuck for the cost of dinner.
  3. Blair has no remedy against Chuck as they had a socialappointment and not a contract.
  4. Blair can sue Chuck for pain and mental anguish as he upset herso much by not showing up.

Answer & Explanation Solved by verified expert
4.4 Ratings (893 Votes)
6 Answer D Statement Debbie promises to pay Josh 15000 if he obtains his degree at Middlesex University Assumption He is in Second year in Middlesex University so he will be graduating from the same University which is equivalent to obtaining a degree Option A Condition was obtaining a degree not staying at Middlesex University He may be there for masters degree Option B It is not relevant because there is no condition related to benefits Option C It is also irrelevant because there is no talk about job in statement Option D He graduates which is equivalent to obtaining a degree So Option D is Correct Answer 7 Answer D Reason 1 Carla who is a minor buys her groceries at Sams Mini Mart So here is no talk about the transaction which can be happen via cash or credit But If Sam gave Carla groceries on credit so there should be some contract for transaction which is not    See Answer
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Debbie promises to pay Josh, her son, $15,000 if he obtains hisdegree at Middlesex University where he is currently in his secondyear. Josh graduates. Debby is:      not required to pay, becauseJosh was already at Middlesex.      not required to pay, becauseobtaining a degree benefits Josh.      required to pay because a jobcan be hard to find after college.      required to pay because Joshobtained a degree at Middlesex7. Carla, a minor, buys her groceries at Sam’s Mini-Mart. Twodays later, Carla disaffirms the purchase. Carla owes Sam’s:        the reasonable valueof the groceries which are necessaries.        the lowest saleprice of the groceries.        the value of thegroceries plus interest.        nothing        Barbie signs acontract with Ken, an unlicensed physician, to perform a surgicalprocedure. This contract would be enforceable by:        Barbie only.        Barbie or Ken.        Ken only.        no one.                  The four types of damagesfor breach of contracts are:punitive, nominal, consequential, and compensatory.impracticability, punishment, financial and capacity.repudiation, specific performance,discharge, satisfaction.performance, breach, tort, intentional.                Natalie and Izzy want to rescind theircontract under which Natalie sold a dress to Izzy for $50. To fullyrescind the contract:        Izzy must return thedress and Natalie must return the $50.        Natalie must returnthe $50 only.        Izzy must return thedress only.        The parties cannotrescind the contract because it was a sale of goods.           .       Sophie files a suitagainst Max. Before going to trial, the parties, with theirattorneys, meet to try to resolve their dispute. A third partyhelps them to reach their own agreement. This is:        arbitration.        litigation.        mediation.        negotiationSpeedy cleaning service has been contracted to clean the homeof the Small family at 118 Spring Street. On the first visit,Speedy Cleaning Service rings the bell at 120 Spring Street and Mr.Big lets them in. Speedy spends 3 hours cleaning the house andleaves a bill for $120.        The theory of quasicontract will apply and Mr. Big a 120 Spring Street will have topay.        There is no intentto contract by Mr. Big, so no payment will be required.        The Small familywill pay based on the contractual agreement.        Speedy doesn’t getpaid because of breach of contract with the Smallfamily.         Chuck agrees to meet Blaire at a fancy restaurantat 7:00 p.m. for a date. Blair arrives early, orders dinner, andwaits for Chuck. He never shows up:Everyone knows Chuck is rude.Blair can sue Chuck for the cost of dinner.Blair has no remedy against Chuck as they had a socialappointment and not a contract.Blair can sue Chuck for pain and mental anguish as he upset herso much by not showing up.

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