Question

8. Tyler offers to dance naked on Main Street if Corey will mow Tyler's yard. Corey...

8. Tyler offers to dance naked on Main Street if Corey will mow Tyler's yard. Corey mows Tyler's yard.
Which of the following statements is not potential grounds for setting aside the contract?
A. All of the above are potential grounds for setting aside the contract
B. Lack of serious intent to contract
C. Inadequacy of consideration
D. Illegality of consideration

10. In 2012, Alder Inc. (seller) and Idyll Inc. (buyer) signed a long-term sales contract that provided for cashier's check payments to be made by Idyll on the first of each month. In 2015, Idyll began using a wire transfer payment method, and now Alder asserts that Idyll is in breach of contract. Which of the following is true?

A. Idyll violated the best evidence rule and thus can't produce evidence in court B. Idyll can exclude parol evidence because wire transfers and cashier's checks are identical. C. Idyll can't introduce oral evidence in court since it violates the parol evidence rule. D. Idyll can introduce evidence of the payment under the exception to the parol evidence rule.

18. On June 29, Henry contracts to purchase American flags, which Henry intends to sell at the annual
Fourth of July fireworks event, from Liz. The contract doesn't specify a delivery date. Liz delivers the flags
on July 7. Henry sues for breach of contract. Which of the following will most likely happen?
A. Liz will win because she delivered within a reasonable time.
B. Henry will win because of the standard construction rule.
C. Liz will win because the contract didn't specify a delivery date.
D. Henry will win because of the equal dignities rule

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Answer #1

Answer 8 : D. Illegality of consideration

Note : As dance naked on Main Street is an unethical act where they lack of serious intent to contract and Inadequacy of consideration for the contract.

Answer 10 : D. Idyll can introduce evidence of the payment under the exception to the Parol evidence rule.

Note : Under this rule, Idyll can show the proof of payment that is made through wire transfer payment method that governs the evidence for the contract.

Answer 18 : B. Henry will win because of the standard construction rule.

Note : In this rule, primary purpose of the contract is considered that is selling the American flags, which Henry intends to sell at the annual 4th of July fireworks event, which Liz delivers on 7th July so the primary objective is not met.

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