Banner enters into a contract with Sylvia to buy her house for $150,000. Sylvia decides later not to sell because she is so emotionally attached to the house. Banner insists that he is entitled to the house. Banner can successfully sue for specific performance.

Answer the following statement true (T) or false (F)


True

Business

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Kanbar Novelties is a wholesaler of costumes and costume accessories in the U.S. Gwen's Barrow is a retail store in Iowa that sells Halloween costumes. Gwen's Barrow placed an order for 75 ninja swords, made of glass, from Kanbar Novelties. Kanbar placed the swords in cardboard boxes and shipped them by railroad, without wrapping them in protective material. Moreover, Kanbar failed to indicate that the box contained fragile goods. As a result, there was no care taken to ensure that the box was handled safely. The box was placed under other heavier goods which crushed the glass swords in the box. Kanbar claimed that its obligations ended with the delivery to the carrier and that the risk of loss was on Gwen's Barrow. What argument would you make in favor of Gwen's Barrow?

What will be an ideal response?

Business

Pat bought a cotton sweater at Ivey's Fashion Store. Sue, the salesperson, told her the sweater was guaranteed not to shrink if washed in cold water by hand. Pat washes the sweater as directed, and it shrinks. Which of the following is correct?

a. Pat has no recourse against the store, because it was only the salesclerk who misrepresented the sweater. b. Sue has apparent authority to make warranties such as the one that she made. Therefore, the store is bound. c. If Sue is only a part-time employee, Ivey has no responsibility for misrepresentations she makes. d. Salesclerks are usually independent contractors. Thus, there is no liability on the part of Ivey.

Business

New urbanism principles emphasize:

a. lower density development. b. heavy reliance on automobiles. c. traditional neighborhood structure. d. impact fees for developers.

Business

Which of the following occurs in teams when individuals are concerned with what others think of them and want to maintain a positive self-image?

A. group cohesiveness B. cognitive dissonance C. social facilitation effect D. social conflict E. social loafing

Business