Multiple Choice
Fact Pattern 10-1
Lulene makes the best lemon meringue pies in Mississippi. So Ellen, who owns Ellen's Old Fashion Cafe, contracts with Lulene to buy 50 pies per week at the price of $5.00 per pie.
Although Lulene took a class in business law, she forgot to get her agreement with Ellen in writing. Lulene and Ellen agreed during a chat. Lulene said: "I will supply you with lemon meringue pies for however long you want them at $5.00 per pie." Ellen said: "That's great, I'll take them." Both women were pleased.
Soon Lulene had a problem. Between a hurricane in Florida and brush fires in California, the price of lemons increased by 200%. Now, instead of the $5.00 per pie price she intended to charge Ellen, she feels she must charge $7.00 per pie to make a little profit.
Lulene calls Ellen with the bad news and Ellen has a fit. She tells Lulene that's too bad, but the deal is off. Lulene says, "That's what you think!" and goes to see Amanda, her attorney.
-Refer to Fact Pattern 10-1. Assume that Ellen says to Lulene that she would like blueberry pies rather than lemon pies. Assume that Lulene agrees to this and states that she will supply Ellen with all the blueberry pies she needs. This is known as:
A) a rescission
B) a restitution
C) a material breach
D) substantial performance
E) accord and satisfaction
Correct Answer:

Verified
Correct Answer:
Verified
Q416: A acceptance is properly communicated at the
Q417: A _ is an order by the
Q418: If no time is specified in an
Q419: The remedy of _ may be used
Q420: The freedom of contract is:<br>A) a hallmark
Q422: An offer is made by an offeree.
Q423: A _ to the promisor exists when
Q424: The party who makes an offer can
Q425: Restitution is a form of damages granted
Q426: If the offeree accepts an offer through