In: Economics
37). To prepare for a trial between Dapper and Kylie, Kylie's lawyer places Dapper's business manager Kanye under oath and asks him questions. A court official makes a record of the conversation. This is
a. a Subpoena.
b. an Interrogatory.
c. not permitted because he is neither a Plaintiff nor a Defendant.
d. a Deposition.
38). The Michigan Court of Appeals ruled against Defendant in a product liability lawsuit. The defendant filed an appeal with the Michigan Supreme Court who decided not to hear the case. This
a. means the Supreme Court made a decision on the merits which has no value as precedent.
b.
means that the Supreme Court's decision is a decision on the merits
that has value as a precedent.
c. means the Supreme Court has violated its mandate.
d. means that the Court of Appeal’s decision is the law in Michigan.
40). Maleficent breaches a contract with Princess Snow. Which of the following remedies can Snow pursue?
a.
Snow may agree to rescind the contract.
b.
Snow may affirm the contract by suing Malificent for damages.
c.
Snow may be discharged from her contract obligations.
d. All of these are options available to Snow.
42). Wilhelm enters into a valid contract to pay his 18-year-old daughter $1500 a month while she attends college. Instead, she joins the Army. Based on the Plain Meaning Rule,
a.
The contract is void because the daughter lacks contractual
capacity.
b.
Wilhelm would not be required to pay the $1500 a month.
c.
Wilhelm would be required to pay the $1500 a month.
d.
43). Curly wants to buy Moe’s car. Which of the following would be an offer?
a.
I will pay you $500 for that car.
b.
I plan to buy that car this afternoon.
c.
I think that car is only worth $500.
d.
I bet you wouldn’t sell that car for $500.
44). Ali promises to sell his Rolex watch to Youseff for $4500. To make this a contract, the law requires
a.
Offer, acceptance, and consideration.
b.
Offer, acceptance, and a written agreement.
c.
Offer, acceptance, and a hand-shake.
d.
Offer, acceptance, and an agreement of the exact dollar amount to
be exchanged.
Solution:
37) The described situation is that of a deposition, which means a testimony of witness by lawyer under oath, which is recorded (either digitally or written manner) by an official.
Thus, the correct option is (d) a Deposition.
40) As breach in contract is made by the other person, Maleficent, Princess Snow has all the mentioned options available.
Thus, the correct option is (d) All of these are options available to Snow.
42) All the options are not available in the question (option d is missing), however as Plain Meaning Rule says that contract be followed in literal terms, so with no college and joining the army, the contract becomes void. Thus, correct option is (promptly) (a)
43) An offer is what someone says would pay for a good or service or such thing. Among the given options, the only option in which Curly suggests to pay something is first one.
Thus, the correct option is (a) I will pay you $500 for that car.
44) A contract's main/prime factors are offer, acceptance, and consideration, and so to make a contract out of promise, the law requires these three.
Thus, the correct option is (a) Offer, acceptance, and consideration.