On June 1, Edward visited a bicycle sales and service center. Edward spotted a used bike he liked and was told by the dealer that he could have the bike for $100 cash. Since Edward needed a few days to get the money, Edward got a signed, written
statement by the dealer that Edward could buy the bike for $100 at anytime on or before June 15. On June 10 Edward came to the dealer with the money, but the bike had been sold to another customer. Was the dealer under any obligation to Edward to keep this offer open until June 15? Give legal reasoning for your answer.
Yes. The dealer made a firm offer. A firm offer is an irrevocable offer by a merchant to sell or buy goods. A firm offer is in a signed writing that gives assurance that the offer will not be rescinded for up to three months. No consideration need be given for the promise not to revoke the offer during the stated time period.
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Sam Levenson lent $50,000 to Mort's Auto Sales Limited, a used car retailer. Sam took a chattel mortgage on each of the 10 vehicles on Mort's lot and registered them under the PPSA
Mort's Auto Sales sold the cars to 10 different customers and said nothing about the chattel mortgages to those customers. Mort paid other creditors. Sam received no payment and wants to enforce the chattel mortgage. Which of the following is TRUE? A) The chattel mortgages are not enforceable against the customers because of the retail sales exemption. B) The chattel mortgages are enforceable because they were all properly registered under the PPSA. C) The chattel mortgages are enforceable even though the customers did not know of them. D) The chattel mortgages are not enforceable against the customers because they did not have notice of them. E) Both B and C
Which of the following would NOT be subject to strict scrutiny in deciding if a law violates equal protection?
A) Legislative appropriations giving more money to single, poor women with dependent children, than to single, poor men with dependent children. B) Requiring black students to attend one high school and white students to attend another. C) Restricting the right to vote to those who were born within the state. D) Giving free lunches only to school children of Mexican descent.