Capitalizing on the convenience of the Internet, ________ is the practice of soliciting contributions from a group of friends or strangers to finance a project, cause, or business venture
Fill in the blank(s) with correct word
crowdfunding
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Where would you most likely find a lifestyle center?
A. In small towns B. Near discount store malls C. In low-income neighborhoods D. In higher-income neighborhoods E. At interstate interchanges
In a destination contract, the seller is required to replace any goods lost in transit
Indicate whether the statement is true or false
In contrast to the common law of contracts, a merchant's firm offer under Article 2 may be revoked within a reasonable time without consideration and is irrevocable with consideration for a period not to exceed 3 months
a. True b. False 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. After Lulene offers to supply Ellen with pies for as long as she wants them, Ellen then says "I don't really like lemon meringue, how about blueberry?" The offer was terminated: a. by illegality b. by lapse of time c. by conditionality d. by revocation e. by counteroffer