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Question
In the case of Rosenfeld v. Basquiat, Basquiat sold several paintings to Rosenfeld and provided him with a written receipt. Unfortunately Basquait died before delivery and Basquait's heirs challenged the enforceability of the agreement. The court determined that:A.because the written agreement was completed in crayon on a scrap of brown packing paper, the writing did not meet the formality of a proper contract.
B.because the written agreement did not contain the terms of delivery, the writing was too vague to form a contract.
C.because the writing contained the names of the paintings, the price paid and was signed by Basquait, the paper was sufficient to evidence a contract.
D.because the writing was not signed by Rosenfeld, the paper was not sufficient to evidence a contract.
Answer
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Related questions
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Which of the following involves a third party substitution?
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C.substitute agreement/modification
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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.
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Each of the following is a discharge by mutual consent except:
A.accord and satisfaction.
B.novation.
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