University of Phoenix _ ETHICS 321T_ETHICS 321T Week 4 Apply Assignment( solved)

Week 4 Apply Assignment Points:66 Submission Score: 66 / 66 (100%) 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 monthl ...

Week 4 Apply Assignment Points:66 Submission Score: 66 / 66 (100%) 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 ETHICS 321T Week 4 Apply Assignment 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. Based on the details of the scenario, determine what will most likely occur. Melinda has a contract to pay 13% interest on a personal loan for 5 years. She decides the rate is unfair and files a complaint in court. Contract is valid Contract is voided Contract will be modified Contract is voided, subject to investigation Feedback 1 / 1 (100.0%) Based on the details of the scenario, determine what will most likely occur. Stewie, aged 16, has a contract with his guardian to do chores as payment for his food and housing. Stewie decides the contract is unfair and stops doing his chores. Contract will be modified Contract is voided, subject to investigation Contract is voided Contract is valid Feedback 1 / 1 (100.0%) Based on the details of the scenario, determine what will most likely occur. Lincoln has been taking advantage of Benson through an unfair contract for several years. Eventually, Benson seeks relief and legal freedom from his contract. Contract is valid Contract is voided, subject to investigation Contract will be modified Contract is voided Feedback 1 / 1 (100.0%) Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell beaver pelts in the U.S. Contract is voided Contract will be modified Contract is voided, subject to investigation Contract is valid Feedback 1 / 1 (100.0%) For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties. Lucy agrees over the phone with Daryl to sell him “the pretty necklace in the window” in Lucy’s pawn shop. Lucy sends Daryl the wrong necklace from a different window. Guilty - Duress Not Guilty Guilty - Fraud in the execution Guilty - Undue influence Feedback 1 / 1 (100.0%) For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties. Joy threatens Winston at knifepoint to sign a prenuptial agreement until he complies. Guilty - Undue influence Guilty - Undue corruption Not Guilty Guilty - Fraud in the execution Feedback 1 / 1 (100.0%) For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties. Rusty is a landlord over the apartment Pierre lives in. Pierre is unable to make rent payments, so Rusty makes Pierre do renovation labor on the apartments every day for 6 hours as payment instead. He also makes Pierre sign a contract that he will not move until he catches up to his late payments. Not Guilty Guilty - Fraud in the execution Guilty - Undue influence Guilty - Duress Feedback 1 / 1 (100.0%) For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties. Tyson gets his employees to sign an employment agreement which has extra contract obligations hidden in small, almost invisible type. Guilty - Duress Not Guilty Guilty - Fraud in the execution Guilty - Undue influence Feedback 1 / 1 (100.0%) Hannah has a contract dispute with Ralph over a sale of goods. Hannah wants to submit the contracts she has made with her other customers as evidence of her fair dealings. Which of the following is true? Hannah cannot use other contracts to explain the terms of her contract with Ralph. Hannah’s other contracts are valid evidence to help explain her contract with Ralph. Hannah cannot use other contracts to explain the terms of her contract with Ralph unless they show a consistent industry or trade practice that is also consistent with Ralph’s contract. Hannah can use her other contracts to explain her contract with Ralph if they have already been completed. Feedback 6 / 6 (100.0%) This is the only reason outside evidence would be allowed to explain Hannah’s terms with Ralph. Tanner has too much work to do to fulfill his contract obligations to Fin. He tells his employee Lil to take care of his duties instead. Determine the status of each person. Tanner: Delegator; Lil: Delagatee; Fin: Obligee Tanner: Beneficiary; Lil: Delagatee; Fin: Obligee Tanner: Obligee; Lil: Delagatee; Fin: Beneficiary Tanner: Delagatee; Lil: Delegator; Fin: Obligee Feedback 1 / 1 (100.0%) Read the scenario and determine what needs to take place based on the resolutions described in the text. Sue has contracted with Rick to do a landscaping project on her property when she sells the whole property to Sylvia. Sylvia decides she will continue to have Rick do the landscaping project. The parties now need a(n) __________. Novation Force majeure renovation Substitution Accord and satisfaction Feedback 1 / 1 (100.0%) Read the scenario and determine what needs to take place based on the resolutions described in the text. Kyle has already contracted with Vick on a construction project. After some disagreement on materials, location, and deadlines, they decide that the original contract is no longer valid. Kyle and Vick now need a(n) __________. Novation Substitution Force majeure renovation Accord and satisfaction Feedback 1 / 1 (100.0%) Read the scenario and determine what needs to take place based on the resolutions described in the text. Penn contracts with Lisa to do a landscape architecture project on Lisa’s property. Before the contract starts, a local city ordinance is instituted which severely limits citizens’ ability to plant certain types and numbers of plants in order to conserve water. Penn and Lisa now need to institute a(n) __________. Novation Accord and satisfaction Substitution Force majeure renovation Feedback 1 / 1 (100.0%) Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank. A party can receive __________ damages to restore itself to the position it would have been in if a breach had not occurred. Compensatory Nominal Consequential Punitive Feedback 1 / 1 (100.0%) Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank. When a breach of contract results in no tangible harm to a non-breaching party, it can receive __________ damages from the breaching party. Nominal Punitive Compensatory Consequential Feedback 1 / 1 (100.0%) Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank. __________ damages are those which cover future losses which are likely to result from one party’s insufficient performance. Punitive Consequential Nominal Compensatory Feedback 1 / 1 (100.0%) Yolanda and Mack are negotiating a contract deal for sale of goods. Yolanda offers Mack $2 per pound for Mack’s peanuts. Mack wants to sell them for $2.50. Under UCC, what happens when Mack asks for the higher amount, assuming both parties are merchants? Mack cannot make a new offer under UCC – he can only accept or reject Yolanda’s standing