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Quiz 5 with Solution Key for Introduction to Business Law | BSL 212, Quizzes of Business and Labour Law

Material Type: Quiz; Class: Intro To Bus Law; Subject: Business Law (BSL) ; University: University of Miami; Term: Spring 2009;

Typology: Quizzes

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Uploaded on 10/12/2009

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I
II
i Navp, ,/ro, y', DATE: 1
BSL2I2 _SECTION J
I - orJlz=s
i
1. P-g$ is about to.graduate from the University of'Miami Law Schooi. In April 2007, just a few weeks bbforg
graduation, he,purchases written materials from the book store (fo:-$g0Ql to assist him in studying for the bar exam,
which he will be taking later that summer. That.evening, he calls his fiiend Raul, who just'compl'eted his second year of
law school. Peter offerl6;iiiffir- ls to Raul (at a discount) aftei Peter takes thd bar exam, so that Raul ban use the.
mateiials to sfudy when he takes the bar exam. Raul is interested in savirig money, but *ilInot need the materials until he
takes the bar exam after he graduates. Accordingly, the parties reach an oral?heelqent on the telephone. The terms are
as follows: Raul will pay Peter'a total of $450. which will be due when Raul graduates in June 2008. at which time the
materials will be delivered to Raul. When Peter attempts to deliver the materials to Raul and collect the money upon'
Raul's graduation, Raul-refuses to accept the goods or to pay Peter, and clairhs that the oral agreement was unenforc€able.
' Peter then sues Raul. who wins and why? \ ", ( il .
Derision:6ir1)o. Raur ' o "'&^'^n" \' \v't.il'[Uo
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rs &6raeo/h, /.,&ra49 ro& a{ i* ,"fu'a,fuaad /cba gf -raa /'.r/nt/Z.e4
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&, fuen ,ryQrM /o {t;s as€ /4o /{'4/e a*{^r,'/a 6a fu&/a af
Ouestion One
ts
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II

I

i (^) Navp, ,/ro,

y',

DATE:

1

BSL2I2 _SECTION^ J

I -^

orJlz=s

i

  1. P-g$ is about to.graduate from the (^) University of'Miami Law Schooi. In April 2007, just (^) a few weeks bbforg

graduation, he,purchases written materials from the book store (fo:-$g0Ql to assist him in studying for the bar exam,

which he will be taking later that summer. That.evening, he calls his fiiend Raul, who just'compl'eted^ his second year of

law school. Peter offerl6;iiiffir- ls to Raul (at (^) a discount) aftei Peter takes thd bar exam, (^) so that Raul ban use the.

mateiials to sfudy when he takes the bar exam. Raul is interested in savirig money, but *ilInot need the materials until he

takes the bar exam after he graduates. Accordingly, the parties reach an oral?heelqent on the telephone. The terms are

as follows: Raul will pay Peter'a total of $450. which will be due when Raul graduates in June 2008. at which time the

materials will be delivered to Raul. When Peter attempts to deliver the materials to Raul and collect the money upon'

Raul's graduation, Raul-refuses to accept the goods or to pay Peter, and clairhs that the oral agreement was unenforc€able.

' Peter^ then^ sues^ Raul. who^ wins^ and^ why?^
",

( (^) il.

Derision:6ir1)o. (^) Raur

'

o

:- (^) r.-.,--'o. RauI^ "'&^'^n" '^ \v't.il'[Uo fi n

q[$\

t

"f

\dil

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UY (^) I \ LNf)$s\$':,\ \f '

t-YJ

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44 ar'/ a7rlewi^ 4"?J/,:ttnl=l

m (^) fp.a,ey're#* /€an fut^ &^

fu'

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iet/ n'/^ &'//erv6neoa)

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A"'A

Apnlication: ' ' zk tlrztq (^) /a //,k (^) asl /s (^) atu/dlr t{e.a,z/ aTrye.rgn/ /e/reo /e*rz'd^ &z/

rs (^) &6raeo/h, (^) /.,&ra ro& a{ i*^ ,"fu'a,fuaad /cba^

gf (^) -raa /'.r/nt/Z.e

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Ouestion One

ts

;'r

t:

Q,, (^) 2. ThermoStat is a Florida manufacturer of indooi and outdoor thermometers. C-Thru is a Kansas manufacturer (^) of

I precision^ glass^ tubing.^ On^ March^ 14.^ 2007, following.telephone^ negotiations leading^ to^ an^ oral^ agreement between the

parties for the purchase and sale, respectively, of 5,000 one-foot lengths of glass tubing for-$400-gglpbt, Matt Matician,

/ ThermoStat's purchasing^ agent,^ faxed a^ signed purchase order^ to^ C-Thru forLpQQ-Alg-foot^ lengths^ of^ glass^ tubing, at^ a

i4{ price^ of^ $5.00 per^ foot,^ to^ be delivered^ to^ ThermoStat's plant^ no^ later than^ M1y-[^ During their^ negotiations, C-Thru informed ThermoStat (^) that it would take four to six *""L, before the tubinffiuld be delivered. Tf,e parties did not correspond further until'Apr-i (^) f. when C-Thru notified ihermoStat that it wJuld not (^) honor ThermoStat's purchase (^) order

(despiie the correspondEidffiTfrru had shipped the goods already, but stopped the shipment and rerouted it to'another

buyer willing to pay a better price). ThermoStat wants to sue C-Thru for breach of contract. Assuming that both

ThermoStat.and C-Thru formed a contract by their correspondence, their actions, or both, would the contractsatisff the

statute of frauds? \ n

v. C-Thru

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Ouestion Two /'a q\

t' ./