Bayou Boats, Inc, contracts for the sale of seven swamp boats to Eventide Fishing Tours. Bayou repudiates the contract. Eventide's recovery is measured at the time
A)?Bayou advertised the goods
B)?Eventide ordered the goods.
C)?Eventide learned of the breach.
D)?Bayou knew that it would repudiate the contract.
C
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Dustin loans Concepcion $50. Concepcion can aid sustainability by
A. sending a paper check in payment. B. sending payment to Dustin's e-mail address or cell phone number. C. spreading payment over several installments. D. loaning the $50 to Blair.
Joint tenancy is a form of joint property ownership allowing parties to avoid all taxes on such owned property
Indicate whether the statement is true or false
Conditions precedent are events that must happen before contract performance is required
Indicate whether the statement is true or false
Lulene makes the best lemon meringue pies in Mississippi. So Ellen, who owns Ellen's Old Fashion Cafe, contracts with Lulene to buy 50 pies per week at the price of $5.00 per pie. Although Lulene took a class in business law, she forgot to get her agreement with Ellen in writing. Lulene and Ellen agreed during a chat. Lulene said: "I will supply you with lemon meringue pies for however long you
want them at $5.00 per pie." Ellen said: "That's great, I'll take them." Both women were pleased. Soon Lulene had a problem. Between a hurricane in Florida and brush fires in California, the price of lemons increased by 200%. Now, instead of the $5.00 per pie price she intended to charge Ellen, she feels she must charge $7.00 per pie to make a little profit. Lulene calls Ellen with the bad news and Ellen has a fit. She tells Lulene that's too bad, but the deal is off. Lulene says, "That's what you think!" and goes to see Amanda, her attorney. Lulene and Ellen's contract may best be described as: a. a unilateral contract b. a bilateral contract c. an executory contract d. a voidable contract e. a misrepresented contract