Reference no: EM132217482
1. Margaret owned a Basset Hound puppy that showed great prospects of developing into a championship show dog. Bob purchased the puppy for $750 and in payment agreed to paint Margaret’s house. Shortly after the puppy was delivered to Bob, it developed a disease which killed it. Bob refused to perform the work as agreed, and Margaret sued. The most likely outcome of this litigation is best described by which one of the following statements?
a. The court would hold that the agreement was voidable since Margaret defrauded Bob.
b. The court would hold that no contract resulted because there was a lack of consideration.
c. The court would hold that no contract resulted because there was a mutual mistake concerning the health condition of the puppy.
d. The court would hold that a valid contract was formed.
2. The right to do something, is known as:
a. responsibility.
b. authority.
c. accountability.
d. liability.
3. Dandy, a consumer of fine clothes, promised to pay $400 to Alfred who promised to make a business suit to fit Dandy. If Alfred has completed the suit but Dandy has not picked it up or paid any money, which of the following statements is the most accurate description of this contract?
a. It is a unilateral, unenforceable, implied-in-fact contract.
b. It is a unilateral, valid, quasi-contract.
c. It is a bilateral, voidable, expressed, executory contract.
d. It is a bilateral, valid, expressed contract that is partially executed and partially executory.
4. When bringing an action for an injury caused by a defective product, the plaintiff can allege:
Negligence
Breach of Express or Implied Warranty
Strict Liability
What are the benefits and downfalls of these different causes of actions?