Will sues the landlord for refusing to pay the $10,000 after Will presented a six-inch cockroach as agreed. No contract has been formed between Merlin and Breanna based on the voicemail about buying Merlin's car. Omega's response to Delta included a counteroffer of a six-month warranty, so no contract has been formed yet between the two companies. The agreement between Buyer and Seller for gasoline at $3 per gallon is an enforceable requirements contract, but Buyer is not obligated to agree to a price increase two months later when market prices rose. Jen's response to Daniel's offer to sell his car for $8,000 included an acceptance along with an added

1. BUS 311 Week 2 Quiz - New
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2. BUS 311 Week 2 Quiz - New
1. Katrina is complaining to her landlord about the six-inch long cockroaches in
her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big!
I'll pay $10,000 to anyone who can show me a six-inch cockroach.” Will, a bug
collector, overhears and promptly presents the landlord with his prize six-inch
South American cockroach. The landlord refuses to pay, and Will sues. Which of
the following best describes the situation?
2. Merlin posts his car for sale. Breanna calls and leaves a voicemail, saying,
“Hey, I definitely want to buy your car! I’ll pick it up tomorrow, okay?” Which
of the following best describes the situation?
3. Delta Inc. offers to sell Omega Corp. a packaging machine. Omega responds
“We’ll take it but only if there is a six-month warranty.” Which of the
following is true?
4. Seller agrees to supply all the gasoline Buyer needs for the next year at
$3.00 per gallon. After three months, the price of gas falls to $2.33 per
gallon. Buyer refuses to keep buying from Seller unless Seller lowers the price.
Seller agrees. Two months later, the average price for gas goes up to $3.50 per
gallon. Seller asks Buyer to agree to a price raise, but Buyer refuses. Which of
the following is true?
5.Daniel offers to sell his Toyota Camry to Jen for $8,000. Jen replies, “I
accept. Make sure you wash and wax the car before you bring it over.” Which best
describes the situation?
6.Consideration is
7.A simple contract need(s) to
8.Alpha orders 100 Grade A widgets from Beta. Beta does not have any Grade A
widgets in stock, so it ships Alpha 100 Grade B widgets instead. Which of the
following is true?
9.If an offeree attempts to add different terms in an acceptance, which of the
following conflict with what the offeror stated?
10.Peter, an art dealer, offers to sell a painting to Ben, a teacher, for $200.
Ben responds, “I accept. I want it in a red frame, like the one I saw on that
other painting at your gallery, so it will match my sofa.” Peter and Ben