Choose the true statement:

Wayne has contracted with his neighbor, Julius, to build a shed for Julius in exchange for Julius’s installing a security system at Wayne’s vacation house. Both parties agree to finish their projects in two weeks. Three days before the deadline, Wayne has not started building the shed. Julius does not think Wayne can finish on time, so he does not start performing. Wayne finishes the shed on time, but Julius did not install the security system. Are Julius’ duties discharged?

A man, Ronald, is seeking employment at Massage Femme as an after-hours custodian. The manager of the company informs him that it is a women’s only spa, and, therefore, the company only hires women massage therapists and employees, to keep an open and comfortable environment for its female guests. Ronald sues Massage Femme for discrimination under Title VII. Ronald will probably:

Rumi, Sly, and Theresa are neighbors. They eventually all have families and decide to build a waterslide for their children to enjoy. They also agree to split the cost of fixing the waterslide, if anything happens to it. Eventually, the slide breaks and it will cost $180 to repair it. Sly proposes that they just buy a new slide for $300. Rumi agrees and they purchase it without speaking to Theresa. How much of the cost is Theresa responsible for?

1.3.1 When productive efficiency and allocative efficiency coincide. (1)

Eric and Frank are buddies. One night, they head to a pub to celebrate Frank’s recent lottery win. Frank becomes intoxicated, and Eric presents him with a contract. In the contract, Eric agrees to wash Frank’s car in exchange for half a million dollars. Frank thinks that the contract is a great, “funny” deal and signs. Once Frank is sober, he refuses to follow through with the contract. Eric will most likely:

Veronica offers tutoring services.  Bill has been falling behind in some law lectures and calls Veronica for help. Veronica suggests that Bill pay Veronica $12 an hour for tutoring, with Veronica tutoring Bill for an hour every night for two weeks.  Bill notes that the cost is less than some others advertise.  Veronica nods and says, “Yes, it is.” Bill says, “Well, Veronica, that’s some offer!”  Veronica nods again and says, “I agree.” Bill smiles broadly, nods, and happily declares, “okay.” When is the contract considered accepted?

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Ralph wants to sell his house, as is (meaning, “no warranties”), for $395,000. His neighbor, Juan, expresses interest in buying the house but wants time to think it over. Juan asks Ralph to keep the offer open for five days. Ralph gives Juan a writing, without a signature, that states, “Ralph will not revoke the offer for five days.” Three days later, Ralph revokes the offer. Juan argues the offer was not revocable for another two days. Was the offer revocable?

Manteo wishes to open a franchise. He tries to negotiate with the franchisor regarding the mandatory arbitration clause and the waiver of a jury clause. Still, the franchisor will not change a single word in those clauses. Manteo eventually gives up and signs the franchise agreement. Manteo could have gotten different arbitration and jury trial clauses at different franchises. What type of clauses are these?