In: Economics
23 ) On June 1, Storage Wars, Inc. agrees to sell four storage pods to Overstock, Inc. A week later, Overstock refuses delivery and cancels the contract. Under Article 2 of the UCC, Storage Wars should
a.
force Overstock to accept the pods.
b.
destroy the pods because that will show Overstock whose boss.
c.
resell the pods and sue Overstock for the difference between the
contract price and the resale price.
d.Allow the pods to decay in their warehouse.
24). Tweedle Dee loans $1000 to Tweedle Dum, who fails to repay. After four years, which is the statute of limitations in their state, Tweedle Dum sends Tweedle Dee an apology and a partial payment. Which of the following is true?
a. After 4 years the contract cannot be enforced because it is now illegal.
b.
The statute of limitations has passed and Tweedle Dee can no longer
file an action for beach of contract.
c. There is no statute of limitations in breach of contract cases.
d.
Tweedle Dum reinstated the debt when he apologized and made a
payment.
25). Bowie enters into a contract to purchase three custom made guitars from John, but John sends him cheap reproductions. Which of the following is true?
a.
John is discharged because a condition was not met.
b.
John substantially performed the contract.
c.
John materially breached the contract.
d.
John is discharged because he fully performed his duties under the
contract.
26). Wally makes custom furniture. Melinda Gates orders a dining room table for 40 people. Two weeks later, she cancels. Wally
a.
May stop manufacturing the furniture.
b.
Finish manufacturing the furniture and resell the furniture.
27). After Discovery, but before her age-discrimination trial against Ford Motor Company begins, Gretchen files a motion asking the court to rule in his favor because there are no facts in dispute. This is a
a. Motion to Dismiss.
b. Motion for Summary Judgment.
c. Motion for Judgement Notwithstanding the Verdict.
d. Motion to Compel.
c. Both A and B.
d. Sue her husband because he has all the money.
28). Officer Crumky testified at a trial about a traffic accident he attended. One reason he testified was to to answer questions about his police report. Office Crumky is
a. not a witness because everything he says is hearsay.
b. a friend of the court.
c. a lay witness.
d. an expert witness.
29). Barnaby is a Wayne County Circuit Court Judge. In Duggan v Bing, Barnaby will apply the relevant rule of law to the facts of the case that
a. are from nearby states such as Ohio or Illinois.
b. only those involving the same plaintiff and defendant.
c. are as different as possible.
d. are as similar as possible.
23):
a) force Overstock to accept the pods.
Because article 2 of UCC deals or adress with the contracts for the sale of goods and Overstock must accept the pods.
24)
d) Tweedle Dum reinstated the debt when he apologized and made a payment.
Because he apologized for his mistake and he agreed his mistake for fails payment.
25)
c) John materially breached the contract.
Jhon must give Bowie the guitar of his choice for which Bowie asked.
26)
b): Finish manufacturing the furniture and resell the furniture.
Because wally has worked for two weeks wally almost done his 50 Percent work or above if wally stops the work wally will list her hard work and his earning.
27):
c) both a and b
Gretchen wants that case should be dismissed and the court should listen to Gretchen's..thats is why Gretchen asking the court do Gretchen's favour.
28):
a. not a witness because everything he says is hearsay.
His duty is to investigate and prepare the report for sending to court
29)
b. only those involving the same plaintiff and defendant.
Because laws are enected and enforced for those who fall under same category in some manner.
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