Exam 10: C: Nature and Terminology

Merchandise Presentation Company enters into a contract with Newt to perform certain services for a certain price.Newt is later dissatisfied with what he claims is a low level of service for a high price.Whether this deal is unconscionable is subject to

Bonnie contracts to deliver a crop of soybeans to Farmers Co-op.A tornado destroys the crop on her farm.The buyer insists that she deliver by acquiring soybeans on the open market.She claims that this is prohibitively expensive.Her best argument against enforcing the contract is

Topographical Engineers,Inc. ,which is new to its business,offers its services at less than half their possible market price to United Road Crew Construction,Inc. ,which knows the services' value.United's decision to accept the offer without commenting on the price could be justified by

Sports Fit Company sponsors the "$100,000 Game" in which contestants compete in ten separate athletic events over a period of weeks.Sports Fit announces that the winner of each event will be awarded $5,000 with the "Ultimate Champion"-the winner of the most events-awarded $50,000.If the "$100,000 Game" is treated as a unilateral contract,Sports Fit can

Girard accepts a job with Deep Vault Bank in reliance on assurances that Deep Vault will not soon be sold.In fact,negotiations to sell the bank are under way at the time that Girard is hired.Girard is most likely a victim of