Sally contracts with Tasty Pizza Company to deliver its products. Both parties change
their minds, however, and inform each other that they would like to cancel the contract.
Refer to Fact Pattern 10-3. The next day, Sally changes her mind and again offers to
deliver Tasty’s products. Tasty is willing to deal, but for a new price. Sally and Tasty
a. may agree to a new contract, but it cannot include a new price.
b. may agree to a new contract that includes the new price.
c. must perform their original contract.
d. must perform the part of their original contract that is executory.
Luminescent Silicon Corporation, which controls 40 percent of the computer-chip
market in the United States, merges with Micro Processors, Inc., which controls 15
percent of the same market. This merger is
a. a violation only if the result more clearly concentrates the market.
b. a violation only if the result makes it more difficult for potential competitors to enter
the market.
c. a violation if the result more clearly concentrates the market and makes it more
difficult for potential competitors to enter the market.
d. not a violation.