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Question
In Leonard v. Pepsico, the court ruled against Leonard and refused to enforce the purchase of a Harrier Jet because:A.the advertisement specifically referred to the accumulation of points to purchase items in the catalog and the Harrier was not listed in the catalog
B.the sale of a Harrier jet, still used by the military, would jeopardize national security so Pepsi's ad could not be taken seriously
C.Leonard did not accumulate points but instead purchased them which violated the rules of the offer
D.Leonard did not accept the offer in the manner specified and required in the offer so his acceptance was defective and void
Answer
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Related questions
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Which of the following involves a third party substitution?
A.novation
B.accord and satisfaction
C.substitute agreement/modification
D.rescission
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In Mobil Oil Exploration & Producing Southeast, Inc. v. United States:
A.Mobil was able to get out of the contract for the $156 million lease because the new law passed at the last minute changed the terms of the original contract amounting to repudiation by the United States.
B.Mobil was able to get out of the contract for the $156 million lease because the new law passed at the last minute changed the terms of the contract, barring certain types of oil exploration, frustrating Mobil's contractual purpose.
C.Mobil could not claim an anticipatory repudiation because even though as new law had been passed, they had not yet filed their oil excavation plan so they could not know whether they were facing a problem.
D.Mobil could not claim an anticipatory repudiation because even though as new law had been passed, it did not substantially change the terms of the original contract.
Q:
Each of the following is a discharge by mutual consent except:
A.accord and satisfaction.
B.novation.
C.rescission.
D.frustration of purpose.
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Why is it so important that the law of contracts be so ordered and strong with regard particularly to the business world?
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Q:
In Lucy v. Zehmer, the two parties were drinking in a bar when Lucy offers to buy Zehmer's farm. After some negotiation a written contract was executed. Zehmer claimed that the whole episode was only a joke and he never intended to sell the farm. The court determined that:
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Q:
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B.An agreement to sell of a car for $1,500.
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Q:
A professor tells a student that if she writes a 5,000 word paper on the evils of plagiarism by May 13th, he will pay the student $750.00.
A.the offer is for a unilateral contract
B.if the student gives the paper to the professor on May 14th, the money is owed because the student came close and did get the paper done
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B.promissory estoppel applies whether Edmund was rich or not
C.promissory estoppel does not apply because Edmond had no reason to believe that Mary would rely on his promise
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Q:
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If you give a truthful answer to a question during contract negotiations, but something then happens that makes that answer now false, you are not obligated to notify the other party unless they ask the question again.
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After an offer is made, the offeror may revoke that offer at any time, even if the offeree has not been given a reasonable period of time to decide whether or not to accept.
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