Exam 56: Contracts and Liability

Precision Parts Company and Quality Manufacturing, Inc., enter into a contract for the sale of a certain quantity of machine parts. Although not expressly stated, a concept that is read into this contract is the concept of

Fast Food Corporation and Giant Potatoes, Inc., enter into a contract for Giant's sale to Fast of all of the potatoes that Fast needs. The amount of potatoes that Giant must supply is

Flimsy Watercraft, Inc., makes and sells a boat to Glen, who is injured in an accident allegedly due to the boat. Glen and others similarly situated pool resources to file a suit as a group against Flimsy, seeking $10 million in damages. Under the Class Action Fairness Act, the suit must be filed in a federal court

Sports Line, Inc., and Trudy, a consumer, enter into a contract for a sale of a snowmobile. If the contract includes a clause that is perceived as grossly unfair to Trudy, its enforcement may be challenged under the doctrine of

Paltry Tools, Inc., makes and sells a QuikMade-brand power drill to Rolf, who is allegedly injured by the drill. Rolf and others allegedly injured by QuikMade -brand drills pool resources to file a suit as a group against Paltry. Under the Class Action Fairness Act, if more than two-thirds of the plaintiffs are from different states and the damages sought are $5 million or more, jurisdiction over the suit is in

U.S. Oil Company and Vehicle Fuel Corporation enter into a contract for the sale of refined oil. Either party's nonperformance may be excused, be?cause of unforeseen circumstances, under the doctrine of commercial