Case study contract law and offer acceptance. Scenario: Alex posts an advertisement to sell his vintage record collection for $1,000. Beth sees the ad and sends Alex an email expressing interest in purchasing the collection for the advertised price. Before Alex can respond to Beth’s email, he receives a text message from Chris offering to buy the collection for $900. 1. Has Alex made a valid offer to sell his record collection? Why or why not? 2. What constitutes acceptance in this scenario? 3. Is there a contract formed with Beth or Chris? Why or why not? 4. If both Beth and Chris attempted to accept, who would prevail?

Case study contract law and offer acceptance. Scenario: Alex posts an advertisement to sell his vintage record collection for $1,000. Beth sees the ad and sends Alex an email expressing interest in purchasing the collection for the advertised price. Before Alex can respond to Beth’s email, he receives a text message from Chris offering to buy the collection for $900. 1. Has Alex made a valid offer to sell his record collection? Why or why not? 2. What constitutes acceptance in this scenario? 3. Is there a contract formed with Beth or Chris? Why or why not? 4. If both Beth and Chris attempted to accept, who would prevail?

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Question 1: If John picked up goods from Steve, and while tranporting them to Bob, the trailer was destroyed. Bob refuses to pay for the goods since they weren't delivered. Who pays for the goods? Question 2: Same fact as above. Steve loaded the wrong items and the goods were shipped. What happens in this situation. Question 3: If Steve sent the goods and they were stolen. They were purchased by Victoria from the theifs. Who is entitled to the goods. Steve, Victoria, or Bob. Answer these 3 questions
The Parent Teacher Association (PTA) of Meadow High School is planning a fund-raising campaign. The PTA is considering the possibility of hiring Eric Logan, a world-renowned investment counselor, to address the public. Tickets would sell for $30 each. The school has agreed to let the PTA use Harville Auditorium at no cost. Mr. Logan is willing to accept one of two compensation arrangements. He will sign an agreement to receive a fixed fee of $10,800 regardless of the number of tickets sold. Alternatively, he will accept payment of $18 per ticket sold. In communities similar to that in which Meadow is located, Mr. Logan has drawn an audience of approximately 600 people.
Under the UCC, a firm offer only applies to Group of answer choices merchants. merchants and nonmerchants. nonmerchants. option contracts.
What are the terms used for the parties involved in the offers and negotiations leading up to the final contract? offeree and counteror offeror and recipient offeror and counteror offeror and offeree
Buyer Javier makes a formal offer to Seller Joy: $250,000 and the appliances stay. Joy counters: $250,000, no appliances. Joy then reconsiders and accepts the first offer. Is Javier is obligated to buy the home? Why or why not? Yes, because Javier never formally withdrew the offer. No, because once Javier's offer is countered, it is considered rejected and is dead. Yes, because Joy's counter was for the same amount of money as Javier's initial offer. No. because a buyer can withdraw from a contract for any reason without penalty.
Question 16 What a party said when entering into a contract is a subjectíve fact. True False Question 17 Iggy and Jen sign a contract by which Iggy agrees to deliver and install a gas fireplace on October 15 in exchange for Jen's promise to pay the $500 price within ten days of the install date. The delivery and installation of the fireplace and the payment of the price are examples of conditions precedent. concurrent conditions. O conditions subsequent. O implied conditions.
Buyer Bert can't believe that Seller Sam has had a last-second change of heart about entering into an agreement to sell his home to Bert. Sam has offered to refund Bert's earnest money and even pay him something in acknowledgment of Bert's inconvenience and disappointment, but Bert's not having it. He wants Sam's house. Choose the remedy for breach of trust that Bert will most likely take. demand specific performance initiate rescission accept compensatory damages settle for liquidated damages
PLS HELP ASAP
1) What is a Contract and what are its elements? 2) When is there a VALID OFFER? 3) What is Breach of Contract? 4) Differentiate Void from Voidable Contacts. 5) When is there Undue Influence in a Contract?
The sale or transfer of a partner's transferable interest is a(n) act of the partner. Multiple Choice involuntary state-mandated voluntary federally mandated
Michael Jordan specially orders a 10 foot mattress from Sleepy's without a written agreement. This contract is not enforceable. 3. Explain your answer to question 2.
Handwritten words are given less importance by the court than preprinted words on a written contract.Question 11 options: True FalseIn order to agree to an offer, the offeree must know of the offer.Question 12 options: True FalseAn advertisement is an offer for a sale of an item by express contract.Question 13 options: True FalseAny modifications to the offer by the offeree, modifies the offer and makes it a counter offer.Question 14 options: True FalseUniform Commercial Code covers contracts relevant to sale or lease of goods.Question 15 options: True False