48.
(p. 335)
Prudence, a mean business law teacher, offers $50 to any student who will mow her
lawn. Sam goes right over and begins mowing. Just before he finishes, Prudence goes over and
tells him that she revokes her offer. Which of the following is true regarding Sam’s entitlement to
payment?
49.
(p. 332)
Which doctrine may courts use to estop, or prevent, an offeror from revoking an offer
based on a party’s taking steps in reasonable reliance on an offer?
50.
(p. 338–339)
Which of the following is true regarding the Uniform Electronic Transactions Act?
51.
(p. 329)
Which of the following is the most likely result in the lawsuit brought by Sam complaining
that Walter ran out of cars available for a rebate?
52.
(p. 328)
What is the most likely result in Walter’s lawsuit against Sally in which he claims that she
must pay $3,000 for the car at issue?
53.
(p. 327)
What is the most likely result in the lawsuit brought by Walter against Zack?
54.
(p. 334)
What is the most likely result in the lawsuit brought by Barbara against Walter?
55.
(p. 330)
In the lawsuit in which Barry sues Helen for return of the $5,000, which of the following is
the most likely result?
56.
(p. 330)
What is the likely result in the lawsuit brought by Mary against Barry for the table?
57.
(p. 332)
What is the likely result in the lawsuit Barry brought against Chris?
58.
(p. 333)
Which of the following is correct regarding the final status of the negotiations between
Charles and Constance?
59.
(p. 328)
Which of the following is correct regarding the final status of the negotiations between
Donna and Charles?
60.
(p. 333)
What effect does the accidental destruction of the personal watercraft have on the deal
between Charles and Joan?
61.
(p. 326)
Set forth the elements of an offer under the common law.
62.
(p. 330)
Explain the effect of auctions held with reserve and without reserve, and discuss what
happens if nothing is said regarding whether an auction is being held with reserve or without
reserve.
63.
(p. 331)
Danny overhears Frank’s offer to sell Greg a boat for $1,000. Greg declines the offer, but
Danny immediately says “I accept.” Frank does not want to sell the boat to Danny because he is
afraid that Danny will not immediately pay him. Also, he thinks Danny is a complainer and will
find something to complain about regarding the sale. Is Frank obligated to sell the boat to Danny,
and why or why not? Also, discuss what you believe the ethical rule should be on this issue.
64.
(p. 332)
Set forth the circumstances under which an offer may not be revoked.
65.
(p. 331–332)
Set forth the ways in which an offer can be terminated.
66.
(p. 331–332)
List the ways in which an offer can terminate.