Exam 10: D: Nature and Terminology

Ray and Strip Mines,Inc. ,enter into a contract for a sale of the coal beneath Ray's land for a fraction of the value of the coal and the cost to restore the land.A court is most likely to determine that this deal is unfair under

Leticia contracts with Mariana to sell land that,unknown to either party,has groundwater contaminated from adjacent land that was occupied several decades earlier by a chemical manufacturing plant.When this is discovered,Leticia asserts the doctrine of commercial impracticability.This doctrine applies only when,with respect to an event that renders performance impossible,at the time the contract was formed the parties

To bid on a job,Budget Construction Company relies on the oral promise of Coldwater Plumbing,Inc. ,to perform certain work at a certain price.Coldwater fails to per?form.Budget can

GPS Devices Inc.sponsors a "Finders Keepers!" contest in which Erwin and other entrants agree to race to certain locales to win small prizes and collect clues that lead to the "Grand Lost Treasure," which the first finder will be awarded.GPS reserves the right to cancel the contest or change its terms at any time.If Erwin challenges this reservation in court,the court will most likely hold that GPS can

Barrie is induced to leave a sales position with Car Town Auto Dealership due to a false promise by Delacroix,a sales supervisor at Rev Up Motors,as to the amount of compensation Barrie would earn at Rev Up.Barrie is most likely a victim of