Multiple Choice
Eugenia is spending the weekend looking for a vehicle to buy.She has spent months looking for one and it has left her impatient and frustrated.She comes across a vehicle her neighbor,Jim,is selling and without hesitating she orally offers and gives him a down payment of $900 for the car.Weeks go by and Jim has not heard back from Eugenia and he has even tried contacting her numerous times.It turns out that Eugenia has bought another vehicle from the Freedom Dealership and does not want to purchase Jim's car any more.Which of the following statements is true?
A) Eugenia is entitled to reimbursement because there is no written contract to enforce the purchase.
B) Eugenia is entitled to reimbursement because under the Statue of Frauds,some contracts are unenforceable unless they are sufficiently evidenced in writing.
C) Eugenia is not entitled to reimbursement.A down payment is refundable because it is not part of the purchase price.It is just an incentive for the buyer to perform.
D) Eugenia is not entitled to reimbursement.A down payment acts as part of the purchase price,but it also provides an incentive to perform.
E) Eugenia is entitled to reimbursement because she was obviously not serious.
Correct Answer:

Verified
Correct Answer:
Verified
Q33: Lawrence and Jane were hammering out a
Q34: Explain the distinction between the effects of
Q36: Duress is distinguishable from undue influence in
Q39: Which of the following agreements must be
Q40: Economic duress<br>A)results from any exertion of financial
Q43: How do courts regard restrictive covenants?<br>A)Courts will
Q60: From the perspective of risk management, what
Q61: For which of the following lists would
Q68: The plea of non est factum allows
Q69: The Statute of Frauds eliminates the writing