The Legal Environment of Business: Text and Cases (MindTap Course List)
The Legal Environment of Business: Text and Cases (MindTap Course List)
10th Edition
ISBN: 9781305967304
Author: Frank B. Cross, Roger LeRoy Miller
Publisher: Cengage Learning
bartleby

Concept explainers

Question
Book Icon
Chapter 14, Problem 1CT
Summary Introduction

Case summary: A person J agreed to buy a freezer costing $900. After-tax and additional charges, the cost got raised to $1,234.80. Later, the person J filed a suit against the seller in the state court to declare the purchase contract as unconscionable.

To Find: The reason behind the knowledge of the seller regarding the buyer’s limited resource that supports the finding that the contract was unconscionable.

Blurred answer
Students have asked these similar questions
An attorney who over a period of time, convince us that our elderly widow to deed her cabin to him as payment for his services, or the value of the cabin far exceeds his normal professional fees is an example of duress under the influence and lateral mistake or bilateral mistake
Ciara decides to sell her car, a Nissan Skyline, and puts anotice on the back windscreen of the car. The notice reads,‘Sporty car for sale, excellent condition, low mileage,bargain at €2,000. Please phone Ciara Clarke 0899792949or call in at 16 Liffey Glen’.On Monday morning, Sean telephones Ciara and offers tobuy the car for €1,500. Ciara refuses to accept his offer.Later that day, Sean changes his mind about the car andtelephones Ciara. She is out so he leaves a message on heranswerphone saying, ‘I agree to give you the full askingprice of €2,000 for your car and will be round to collect ittomorrow’.On Tuesday morning, Conor sees Ciara’s car and writes aletter of acceptance to Ciara enclosing a cheque for €2,500.He immediately puts the letter in the post box. On Tuesdayafternoon, Riona calls at 16 Liffey Glen but Ciara is out, soshe puts a note through the letterbox stating, ‘I had a goodlook at your case – it is just what I want – I enclose a chequefor the full asking price of…
2. Chan bought two pairs of blue cotton track pants after he was shown a sample by David.One pair of the pants delivered to Chan was blue, which is of the same colour as thesample but the other was red. a. Advise Chan as to whether there has been any breach of implied conditions. b. Explain the remedies that are available in breach of contract of sale under Sale ofGoods Act 1957.Note: Please answer with introduction and conclusion.
Knowledge Booster
Background pattern image
Business
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
Text book image
BUSN 11 Introduction to Business Student Edition
Business
ISBN:9781337407137
Author:Kelly
Publisher:Cengage Learning
Text book image
Essentials of Business Communication (MindTap Cou...
Business
ISBN:9781337386494
Author:Mary Ellen Guffey, Dana Loewy
Publisher:Cengage Learning
Text book image
Accounting Information Systems (14th Edition)
Business
ISBN:9780134474021
Author:Marshall B. Romney, Paul J. Steinbart
Publisher:PEARSON
Text book image
Introduction to Business
Business
ISBN:9781947172548
Author:OpenStax
Publisher:OpenStax College
Text book image
International Business: Competing in the Global M...
Business
ISBN:9781259929441
Author:Charles W. L. Hill Dr, G. Tomas M. Hult
Publisher:McGraw-Hill Education
Text book image
Bcom
Business
ISBN:9780357026595
Author:LEHMAN, Carol M.
Publisher:Cengage Learning,