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Business Law Essay

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In the case in the text where someone purchased a used safe at an auction for $50, but was later found by the buyers to contain more than $30,000 in cash, how did the court rule? a. There was no contract because the buyer was unjustly enriched. b. There was no contract because the act of opening the safe was not completed before the buyers took the safe. c. This was an implied-in-fact contract and the buyers were required to pay the fair value for the safe and its contents. d. There was objective intent that the parties intended that the safe, and whatever might be in it, be sold for a price of $50. D [moderate p. 196] 56. The doctrine that applies when one person confers a benefit on another who retains the benefit in a …show more content…

B [moderate p. 194] 65. Frank says to Mary, “If you wash every window in my house today, I’ll pay you $200. I don’t care if you do it, but there is $200 in it for you if you do.” Mary washes 12 of the 20 windows in Frank’s house by 2:00 p.m. At this point: a. Frank can revoke his offer to pay Mary the $200 for washing the windows. 129 b. Mary is obligated to finish washing the windows. c. Mary has formed a contract by beginning to wash the windows. d. There is no contract yet in this situation. D [difficult pp. 194-195] 66. Janet pulls her car into a line for a car wash. Janet says nothing and her car is washed by the employees there. Janet then refuses to pay for the car wash, stating that there is no contract. What would the results be in a lawsuit over this situation? a. Janet wins; because she said nothing, there can be no contract. b. Car wash wins; this is an express, unilateral contract that has been accepted. c. Janet wins; because the car wash made no promise to wash her car, there is no contract. d. Car wash wins; this is an implied-in-fact contract that has been accepted. D [moderate p. 195] 67. Lori just purchased a brand new lawnmower for $500. When she got home and tried to use it, it would not work. She became angry and shouted, “I’d sell this thing for $50.” Her neighbor heard her and said, “I’ll take it,” and offered Lori the $50 in cash. Which of the following best describes this situation? a. This is an enforceable bilateral

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