Sarah and Mike enter into a contract in which Mike agrees to pay…

Question Answered step-by-step Sarah and Mike enter into a contract in which Mike agrees to pay… Sarah and Mike enter into a contract in which Mike agrees to pay Sarah $100 for her watch. Mike’s subsequently transfers of his right to receive the watch to his brother, Fred. Which of the following is true?A. Sarah would be considered the delegator.B. Sarah can refuse to transfer the watch to Fred.C. Fred is subject to any defense which could be asserted against Mike.D. Fred also has the duty to pay Sarah $100 for the watch.A non-breaching party must try to avoid or minimize the damage caused by a breach of contract.TrueFalseGenerally, a letter of acceptance is effective when it is sent by the offeree.TrueFalseAgnus hires Ben, her neighbor, to mow her lawn once a week for the months of June and July. Ben will receive $20 each time he mows her lawn. After signing the contract, Ben delegates his duties under the contract to a professional yard maintenance company, Greenwillow. Which of the following is true?A. Agnus may refuse to accept performance by Greenwillow.B. Ben must also assign his rights under the contract to Greenwillow.C. Ben remains liable under the contract if Greenwillow fails to perform.D. Agnus is a third party beneficiary under the contract.After lengthy negotiations, Joe and Ted enter into a written contract which provides that Joe will sell Ted his 1969 Ford Mustang for $475, payment is to be made within 90 days and delivery is due upon final payment. A dispute over the contract arises and at trial Ted attempts to offer testimony that before the contract was signed, Joe had agreed to install a new clutch before he delivered the car. The judge will:A. Allow the testimony because it is evidence of the consideration of the contract.B. Allow the testimony because Ted is sworn to tell the truth.C. Not allow the testimony because it violates the Statute of Fraud.D. Not allow the testimony because it violates the Parole Evidence Rule.Under the U.C.C., if the parties are nonmerchants, an additional term included in an acceptance:A. automatically becomes part of the contract.B. has the same effect as it would if both parties were merchants.C. is treated as a proposal for an addition to the contract.D. will materially alter the offer.A contract for the sale of a good priced at $350 must be in writing to be legally enforceable.TrueFalseSally sends an offer to Bud to purchase Bud’s cabin for $55,000. After sleeping on the idea, she changes her mind and sends Bud a letter revoking her offer. Her revocation is effective when:A. Bud receives it.B. She mails it.C. She signs it.D. (None of the above) Business Management Business Law BA 254 Share QuestionEmailCopy link Comments (0)