23 Keith offered to sell his business to Kathy for $125,00000. Kathy said \"your

Question

23 Keith offered to sell his business to Kathy for $125,00000. Kathy said "your is too high, but I will buy your business for $100,000.00. Kathy's respons a. an implied contract b. a rejection of the offer only c. an acceptance d. a counter offer 24. In order for a contract to be enforceable, it must: a. be made for a legal purpose b be supported by adequate consideration c. be made by parties who have legal capacity d. all of the above John agreed, in writing, to sell his house to Mary. On the day for closing, without 25 any justification or defense, J sue John asking the Court for which Equitable remedy a. Perfect Tender b. Strict Liability c. Specific Performance d. Reformation ohn refused to perform and sign the Deed. Mary may 26doctrine of reference to revocation of an Offer, which of the following is required for the Reliance) to apply? (Nurse employment case) a. the offeree must have reasonably relied on the promise to their detriment b. the offeree must have given some benefit to the offeror c. the offeror must have intended to defraud the offeree d. the offeror was acting under a mistaken fact Zero Construction agreed to build Tim a deck for $8,000. After the project began Zero realized it couldn't make any profit at that figure, and therefor demanded Tim pay $9,500, or they would walk off the job. Tim Agreed. When the deck was finished, Tim paid Zero the original $8,000. What is the likely result when Zero sues Tim for the remaining $1,500? a. Zero will win because there was consideration for the additional $1,500 b. Zero will lose because there was no consideration to support the promise 27 to pay additional $1,500 c. Zero will win because Tim had a pre existing duty to pay extra d. none of the above

Explanation / Answer

Question 23

An offer made in response to another is a counter offer.

Clearly, Kathy's response is d) a counter offer.

Question 24

Option d) All the points mentioned in a), b) and c) are elemnts of an enforceable contract.

Question 25

The equitable remedy that is relevant here is c) specific performance.

Question 26

For the doctrine of promissory estoppel, promisee relies on the promise to his subsequent detriment.

Option a) is the correct option.

Related Questions

Navigate

• Browse (All)
• Browse 2
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.