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Question 172 pts

In a contract between Ozzy (a retailer) and Zack (a manufacturer of rubber bats), Zack gave Ozzy the sole right to distribute its bats. Which of the following statements is true?

Group of answer choices

Regardless of whether the agreement specifically says so, Zack must use its best efforts to keep Ozzy adequately supplied with bats.

The agreement is a Firm offer contract.

The contract is illusory because of the indefinite stated number of rubber bats.

If Ozzy later makes absolutely no effort to sell Zack's bats, Ozzy will still not have violated the contract.

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Question 182 pts

On May 1, Ricky agrees to install a concrete driveway at Lucy's house by May 30, in exchange for Lucy's promise to pay $2,300 upon completion of the work. Which of the following statements is true?

Group of answer choices

Both Lucy and Ricky have given consideration for the other's promise; therefore, neither can refuse to perform without breaching the contract.

If Lucy later learns that other companies would have done the job for slightly less, she can cancel the contract based on inadequate consideration.

Lucy can hire someone else to do the job without any liability to Ricky if Ricky hasn't completed the job, because until then Ricky has not given any consideration for Lucy's promise.

Ricky can break his contract with Lucy to accept a better paying job because Lucy has not given consideration for Ricky’s promise to install the driveway until she pays the $2,300.

Answer 1