Essay
Bob runs a factory that makes ladies' clothing.Bob needs a certain type of silk sold by Alice.Bob calls Alice and tells her that he needs 1,000 yards of silk.Alice tells Bob that she cannot guarantee anything but that she will do her best.Alice tells Bob that she will sell him the silk for a 10% markup on what she has to pay.Bob says that is fine.Later,Bob is having financial problems and decides he doesn't want the silk.Unfortunately,Alice calls the next day and tells Bob that she has located 900 yards of silk and that she would like payment.Bob wants out of the deal.He says that there was a lack of consideration and that he never even knew how much he would have to pay.What would a judge likely rule?
Correct Answer:

Verified
A judge would likely rule that Bob owes ...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q89: Which of the following actions could be
Q90: The requirement that the terms of the
Q91: Kristin offers to sell land to Ian
Q92: An agreement is an involuntary exchange of
Q93: The mailbox rule is also called the
Q95: Burt's pet Gonzo has run away.He places
Q96: The objective theory of contracts asks whether
Q97: An offer made in jest,where a reasonable
Q98: A rejection is treated as a new
Q99: A gift must be returned unless there