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Subject: Business & Law

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1. Without the exchange of consideration by the parties, the courts will ________.
A) seek a determination by a jury
B) automatically find in favour of the offered
C) automatically find in favour of the offeror
D) not enforce the parties' agreement
E) only award nominal damages

2.

9x) Used Car Sales. Walter sells used cars. He is seeking a way to increase sales and profits 3) Islands. re would like to take his girlfriend on a nice diving trip to the Grand Cayman The first thing that Walter does is say that during the first week of December, he Will give a $500 rebate on used cars under t offers two years old. To spice things up, he also to sell any car on the lot that is under five years old for $1,000 to the first three uho can hula hoop ten hours straight on December 7h, (Hula hooping was a practice popular some years ago in which a person, usually around the waist, would swing around a large hoop.) Walter was because he not very concerned about the hula hooping issue thought that no one would be able to hula-hoop for ten hours straight. Walteτ put an advertisement pertaining to the rebate and hula-hoop opportunity in the local newspaper. The promotion went over very well. Although he had several on hand, Walter ran out of cars under two years old within one day. During the rest of the week shoppers were told that no cars of that description were available. A customer n very unhappy when he discovered the next day that no cars available. On December 7th, while Walter was watching the hula hoopers, shopping for a car. She was in college and did not have much money. She saw o older car, that she liked but she really did not know if it run or not. She was to her parents. Walter eventually approached her and Sally as S3,000 for the car. Walter said, Yes, sold. Sally tried to explai o he amed Sam was d were under two years ol ne, an going to talk ked him if he would take n that she needed to talk le Walter was still fuming from r parents first, but Walter would not hear of it. Whi his encounter with Sally, Zack walked up and started to criticize the nature of Walters inventory. Walter told him that he had great cars. Zack pointed at an old jalopy that was banged up, had 200,000 miles on it, and a cracked windshield. Zack said. Sure, Il pay 10,000 for that car. Walter said, Sold. Zack said, Wait a minute. I was only kidding. Walter said, No way. Meanwhile all the hula hoopers dropped out well prior to ten hours of hula hooping except for Barbara. One minute before the ten hours were up, Walter yelled out I revoke! Barbara completed the hula hooping anyway and asked her car for $1,000. Walter refused saying tha t the offer was revoked. Sam was very angry and sued Walter for not having a car available that was under two years old so that he could get a good deal and a $500 rebate. Additionally, Barbara sued Walter, and Walter sued Zack and Sally. What is the most likely result in the lawsuit brought by Barbara against Walter? Walter will win because the advertisement was simply inviting customers, such as Barbara, to make an offer B) Walter will win because he properly revoked the offer C) Barbara will win because she properly made an offer that was accepted by Walter when he allowed her to continue hula hooping D) Walter will win because he was only engaged in preliminary negotiations E) Barbara will win because the ad would be treated as an offer that she properly accepted

3. A promise to your mother to refrain from going to bed later than 11:00 p.m on a school night is what type of consideration ?
A) A promise to do something
B) A benefit to the promisor
C) A deteriment to the promisee
D) A promise to refrain from doing something.
E) A detriment to the promisor.

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Answer #1

Q3.

Statement: "a promise to your mother to refrain from going to bed later than 11:00 p.m. on a school night

The type of consideration: A benefit to the promisor

Promisor is the person who makes a promise. A person promises to refrain to not got to the bed later than 11:00 pm at school night is for the long term benefit of the person who is making the and not who is asking for the promise.

Q2.option 'D' do not enforce parties agreement

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