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Author Archives: Anonymous

Luis offers to pay Carlos $100 to wash Luis’s car. Carlos re…

Luis offers to pay Carlos $100 to wash Luis’s car. Carlos replies, “I accept, so long as you mean $100 of real money, not counterfeit money.” Which of the following is true?

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Patricia creates a sculpture. She then creates a fake docume…

Patricia creates a sculpture. She then creates a fake document stating that she bought the sculpture for $5,000. With this document, she convinces Reggie to buy the sculpture for $6,000. Soon thereafter, Reggie finds out the document was a fake. He wants Patricia to give him back his money. Patricia refuses. Which of the following document is Reggie’s best chance for getting back his money?

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Phil agrees to paint Jason’s house for $5,000. Halfway throu…

Phil agrees to paint Jason’s house for $5,000. Halfway through the job, Phil offers to paint Jason’s shed for an additional $2,000. Regarding the extra $2,000, which is true?

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Lenny makes an offer to Petra. Petra replies, “Well, I think…

Lenny makes an offer to Petra. Petra replies, “Well, I think my answer is…”, and right then, Lenny interrupts Petra and says, “Never mind. I revoke my offer.” He said this before Petra told him her answer. Which is true?

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Ryan emails Cindy, “I hereby offer to mow your yard for $100…

Ryan emails Cindy, “I hereby offer to mow your yard for $100 tomorrow at 5PM. Do we have a deal?” One minute later, Cindy replies via email, “Yes.” By that time, Ryan had left his computer, so he didn’t see Cindy’s email arrive. Later that day, Ryan sees Cindy and says, “Hey, sorry, but I revoke my offer.” Cindy replies, “Too late. I already emailed you my acceptance.” Ryan says, “Well, I haven’t checked me email, so we don’t have a contract.” Is Ryan correct? 

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Tom buys a lamp from Jerry, who is a merchant of lamps. Jerr…

Tom buys a lamp from Jerry, who is a merchant of lamps. Jerry has no idea why Tom wants the lamp. Jerry tells Tom that the lamp is not his to sell and that it has a lien/security interest on it. Which warranty/warranties most likely exist(s)?

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Priscilla and Agnes are in an agency relationship. Priscilla…

Priscilla and Agnes are in an agency relationship. Priscilla is the principal, and Agnes is the agent. Which is true?

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Terrence, one of your most trusted friends and your longtime…

Terrence, one of your most trusted friends and your longtime, reliable financial advisor, promises you a high-paying position with his company that he says will start the following month. You did not offer anything in return for the job or do anything to get the job, and you haven’t been offered an employment contract. In preparation for starting your new job, your quit your current job, buy a new suit, and move your family 100 miles away, to the city where Terrence’s company is located. Before the job is set to begin, Terrence tells you the job isn’t going to work out and apologizes for the trouble it causes you. Which is true?

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Altuve tells Springer that he has a baseball bat that he thi…

Altuve tells Springer that he has a baseball bat that he thinks Springer would love and offers to sell it to him. He tells Springer that the bat weighs 48 ounces. Springer agrees to purchase the bat, and the two complete the sale. However, when Springer receives the bat, he weighs it and discovers that the bat weighs 24 ounces. Altuve knew the bat weighed 24 ounces but also knew that Springer would not want such a lightweight bat, so he lied to Springer about the weight. Springer sues Altuve for fraud. Is Springer likely to win his lawsuit against Altuve?

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Jose and Gabrielle have an express contract with each other,…

Jose and Gabrielle have an express contract with each other, which necessarily means that they put their agreement in writing.

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