Business Law Chapter 15 3 an experienced pool contractor, and Bruce agree on a price for Tina

subject Type Homework Help
subject Pages 12
subject Words 1395
subject Authors Carrie Williamson, Daniel Herron, Linda Barkacs, Lucien Dhooge, M. Neil Browne, Nancy Kubasek

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48.
(p. 353)
Tina, an experienced pool contractor, and Bruce agree on a price for Tina to build a pool
in Bruce's backyard. Tina discovers that she did not initially figure in enough of a charge for labor.
She tells Bruce that unless she receives an extra $5,000 with which to hire workers, she cannot
complete the job. Bruce agrees thinking to himself that he has a way out. When Tina finishes the
pool, Bruce refuses to pay the additional $5,000. Which of the following is the most likely result of
their dispute?
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49.
(p. 349)
Which of the following was the result in the case in the text
Hamer v. Sidway
, in which,
after performance by his nephew, an uncle reneged on a promise to the nephew to pay him
$5,000 if the nephew refrained from drinking liquor, using tobacco, swearing, and playing cards or
billiards for money until he was 21 years of age?
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50.
(p. 351)
Which of the following is true regarding whether Richard breached a contract with
Dawn?
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51.
(p. 348)
Which of the following is true regarding Richard's claim regarding the inadequacy of
house cleaning as consideration?
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52.
(p. 348)
Which of the following is true regarding Jill's claim that by selling the communications
book for a higher price, Richard breached the contract he had with her?
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53.
(p. 346)
Which of the following is true regarding the dispute between Richard and Sam regarding
whether Sam must return anything?
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54.
(p. 346)
Which of the following is true regarding the offer of the reward?
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55.
(p. 353)
In a lawsuit between the bank and Ted regarding the reward funds, who is likely to
prevail and why?
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56.
(p. 346)
In a lawsuit between the bank and Ursula, regarding the reward funds, who is likely to
prevail and why?
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57.
(p. 347)
What is Credit Card Company A's best argument in relation to enforcing Penny's
obligations?
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58.
(p. 347)
What is Penny's best argument in attempting to avoid obligations to Credit Card Company
A?
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59.
(p. 354)
Which of the following should be the result in regard to Penny's obligation to Credit Card
Company B?
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60.
(p. 355)
Which of the following would be the result in a majority of states in regard to Penny's
obligation to the dive shop?
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61.
(p. 347)
Define and discuss promissory estoppel, and give an example of when it would be
applied.
62.
(p. 348)
In your opinion, should the law require that consideration be in an amount similar in value
to the item or services being transferred in order for a contract to be enforceable? Discuss why or
why not.
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63.
(p. 351)
Henry's boss, Jacob, tells him that because he has been such a valuable employee, he
will receive an extra week of vacation. When Henry decides to schedule the vacation, he reminds
Jacob of his statement. Jacob says that he has changed his mind and that he really cannot afford
to let Henry off. Henry says that Jacob has breached the contract he had with Jacob for an extra
vacation week. Assuming injustice cannot be established, who is right and why regarding
whether a valid contract for an extra week off existed?
64.
(p. 353)
Frank is building a home for Debby that is to be completed by December 31st. Frank tells
Debby that he needs to hire additional workers in order to have the home done by that time and
that she needs to pay him an extra $10,000. Debby says that she will pay. Frank finishes the
home and asks for his $10,000. Debby refuses to pay. What is the likely result if Frank sues?
Discuss whether you believe the result is ethical and equitable.
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65.
(p. 353)
What is the preexisting duty rule?

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