Reference no: EM13105871

1. Bob defends against a breach of contract suit by Ace credit Corporation by claiming that the consideration for their contract was grossly inadequate. If there is additional evidence of intentional deception, then inadequate consideration may help to support a claim of ?
a. Fraud
b. Breach of confidentiality
c. Duress, or undue influence only
d. None of the above.
Fact pattern 11-1
Ned contractors, Inc. begins construction of a mall for Van Development Corporation and after sic a month demands an extra $ 100,000. Van agrees to pay.
2. Refer to fact pattern 11=1 imagine that Ned explained, as a reason for the extra $100000 that unforeseen soil and rock conditions would add considerable costs to the project. The agreement is?
a. Enforceable because the parties executed an accord and satisfaction.
b. Enforceable because of the unforeseen difficulties.
c. Unenforceable due to the preexisting duty rule.
d. Both a, and b.
3. Refer to fact pattern 11-1. Imagine that Ned explained, as a reason for the extra $100,000, that ordinary business expenses had increased. The agreement is?
a. enforceable because the parties executed an accord and satisfaction.
b. Enforceable because of the unforeseen difficulties.
c. Unenforceable due to the preexisting duty rule.
d. Both a, and b.
4. Harold believes his old baseball bat has little value, but Murray is convinced it is a valuable collectors item. Harold offers and sells it to Murray for $100 before learning it is worth $1000. The contract?
a. may be rescinded because a mutual mistake was made.
b. May serve as the basis for a court order to Murray to return the bat.
c. May be rescinded because Murray used superior knowledge about the bat to take advantage of Harold.
d. Can not be rescinded