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Ethics Week 4 Apply. University of Phoenix ETHICS 321T

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What is the most likely status of the contract for the scenario? Laura, a 17-year-old, signs a contract with her neighbor to buy a car through monthly payments. Laura loses her job the next week and can no longer make ...

What is the most likely status of the contract for the scenario? Laura, a 17-year-old, signs a contract with her neighbor to buy a car through monthly payments. Laura loses her job the next week and can no longer make the payments. Laura’s contract with her neighbor is most likely: Voidable Void Enforceable Feedback 1 / 1 (100.0%) What is the most likely status of the contract for the scenario? Jena is contracting with Brigham to purchase his car. Before the sale, a tree falls on Brigham’s car, ruining it. The contract is most likely: Voidable Enforceable Void Feedback 1 / 1 (100.0%) Match the status/existence of a contract with the scenario. Larry posts on the internet that he is offering in-home interior design consultations and that interested customers should schedule an appointment and pay a consultation fee on his website. Brenda sends in a letter with a payment and a scheduled time for Larry to go to her house for a consultation. Which of the following is most likely true? Contract not created 7ejlfe4begidyoe8I Contract created Insufficient information to determine Feedback 1 / 1 (100.0%) Match the status/existence of a contract with the scenario. Jackie makes a post on Facebook saying she promises to pay $20 to whoever will come pull weeds in her garden. The next day, a stranger pulls Jackie’s weeds and demands $20. Which of the following is most likely true? Insufficient information to determine Contract not created Contract created Feedback 1 / 1 (100.0%) Which of the following would not qualify as valid consideration? Bill rents an apartment from his landlord. Laura buys $100 worth of clothes from Martha on credit. Spencer and Linda sign a contract where Linda buys all her lumber from Spencer and Spencer sells as much lumber to Linda each week as he wants. Marcy pays Jim a dollar for every bag of tin cans he picks up for recycling. Feedback 6 / 6 (100.0%) Linda’s consideration is her guarantee to buy only from Spencer. Spencer is not offering consideration since, under the terms of the agreement, he never has to sell if he doesn’t want to.

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