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Question
Patricia holds 150 shares of common stock in a large corporation. Patricia:
A. is guaranteed the rights to some of the profits of the corporation.
B. is most likely entitled to two votes for each share of stock she holds.
C. will not be included in the distribution of capital upon dissolution of the corporation.
D. risks whatever money she invested in the 150 shares of common stock.
Answer
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Related questions
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B. Writ of replevin
C. Specific performance
D. Cover the sale
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Gerald orders 1,000 cupcakes from Haddock Bakers for a Christmas Eve party. However, Haddock fails to deliver the cupcakes as per the schedule mentioned in the contract, and does not send any notification to Gerald. Gerald orders the cupcakes from Marlene's Cakes that evening. This is an example of which of the following?
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Turban, an immigrant who speaks little English, enters into a contract to pay $300 per month for ten years to purchase an auto from Travel Motor Co. The appraised retail value of the car is $5000. What legal remedy would release Turban from his contract?
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A commercial unit is a single whole for the purpose of sale, the division of which impairs its character or value on the market.
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Q:
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A. It governs only the formation of a sales contract and the rights and duties that arise from it.
B. It is concerned with the validity of a contract that would be governed by other laws.
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A. Oral contracts can occur between merchants and consumers for sale of good of $500 or more.
B. A written conformation is received and signed by one party, and sent to the other for approval.
C. A written conformation is received by a party and to which it does not object to within 10 days.
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C. In both there is a transfer of title but in a bailment the title reverts to the bailer at the end of the bailment.
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In a contract for which no delivery is required, title to the goods does not pass to the buyer until the buyer receives the goods.
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In a shipment contract, risk of loss does not pass from the seller to the buyer until the buyer receives the goods.
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In an auction with reserve, the auctioneer must accept the highest bid.
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A sale of goods contract offer is silent concerning the method of acceptance. It may be accepted in any reasonable manner.
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D. speculative damages.
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A. a constructive breach of contract.
B. substantial performance.
C. abandonment of contractual obligations.
D. a repudiation of contract.