Question

51). Leo enters into a contract with Koney Construction to repair the damage on the roof of his restaurant. Koney does not do any work but sends Leo an invoice. Leo

a. Owes Koney $5,000 because the work wasn't finished.

b. owes Koney the $10,000 contract price.

c. Owes Koney nothing because the work was never done.

d. Owes Koney a refund of $10,000.

52) Moses breaches his contract with Pharaoh to purchase the 500 sheep that he had promised to buy. Pharaoh is able to sell the sheep to Potiphar for a much lower amount. If Pharaoh sues Moses for damages, he will be able to recover

a. The amount depends on whether Moses intentionally breached the contract or breached it accidentally.

b. Pharaoh’s contract price.

54). Ghessler Construction enters into a contract to build an office for Tibet Imports. When Ghessler runs into the types of difficulties that contrac­tors ordinarily confront, Tibet agrees to pay extra compensation to over-­come them. Regarding Tibet's agreement to pay more, a court would likely

a. Reform it.

b. Order the parties to arbitrate.

c. Enforce it.

d. Not enforce it.

55). Angelina hires Brad to babysit. They do not discuss price. At the end of the night, Brad demands $500 which Angelina refuses to pay. Which of the following is true?

a.
Brad will get the $500 because he is free to set the price of his services.

b. Angelina will pay Brad what she thinks his services are worth.

c. The Reasonable Person will decide how much Angelina should pay Brad.

d. Brad will receive nothing because he failed to discuss his price before he provided babysitting services.

56) Hugo Chavez has a contract to purchase oil from the Maduro Oil Company, but then hears rumors that Maduro’s oil is contaminated. He calls Maduro to “get the truth” but Maduro doesn’t answer. Under Article 2 of the UCC, Chavez

a.

Must keep calling until Maduro answers, even if it takes three weeks.

b.
Do nothing.

c.
May seek assurance & suspend his performance if he doesn't receive it.

d.
May hire a private detective to test the oil.

Answer 1

51. Leo enters into a contract with Koney constructions to repair the damage on the roof of his restaurant, but Koney does not do any any work but sends Leo an invoice. (An invoice is like a bill which consists of the list of services provided by one and what the other has to pay for it). In such a situation, Leo owes Koney nothing as the work was never done. So, it cannot be acceptable for Koney to charge for some services which was never provided by them.

52. Moses breaches his contract with Pharaoh to purchase the 500 sheep that he had promised to buy. But Pharaoh was able to sell the sheep to Potiphar for a much lower price. If Pharaoh sues Moses for damage, there will be a court session where Moses will have every right to put forward his situation and Pharaoh will only be able to recover the amount depending on whether Moses intentionally breached the contract or if it was breached accidentally.

54. Ghessler contruction enters into a contract to build an office for the Tibet Imports. When Ghessler runs into the types of difficulties that contractors ordinarily confront, Tibet agrees to pay extra compensation to over come them. Regarding Tibet's agreement to pay more, a court would like to order the parties to enforce it, as this is not some extra difficulties that Ghessler had to face for constructing the office, every constructors faces it. If it were any addition difficulties then Ghessler had the right to charge more.

55. Angelina hires Brad to babysit.They do not discuss the price beforehand. At the end of the night, Brad demands $500 which Angelina refuses to pay as it was not earliers discussed by them. In such a situation, Angelina will pay Brad what she thinks his services are worth.

56. Hugo Chavez has a contract to purchase oil from the Maduro Oil Company, but then hears rumors that Maduro's oil is contaminated. He calls Maduro to get the truth But Maduro doesn't answer. Under Article 2 of the UCC, which is addresses contracts for the sale of the good, Chavez may seek assurance and suspend his performance if he doesn't receives it.