Bus-L201 Module 3 Exam - Contract Law

illusory {Ans: Mel promises to buy all the video games he wants from Bart. This promise is:}concealment {Ans: Like a false statement of fact, _______ can be the basis for a claim of misrepresentation or fraud.}The ad lacks intent to constitute an offer. {Ans: A newspaper advertisement for Cashmere Closet states "This Saturday 9 a.m., 1 Red Cashmere Scarf, worth $299.95... $10.00 First Come First Served." Which of the following statements is false?}Part performance {Ans: Sean made an oral promise to sell a piece of land to Manny. Manny took a huge loan from the bank by mortgaging everything he had. After taking almost half the money from Manny, Sean decides that he wants to sell the land to Jason who is offering a higher price for the property. Which of the following doctrines may Manny plead in order to implement his oral contract with Sean?}statute of frauds {Ans: An oral contract within the Uniform Commercial Code's __________ can be enforced without a writing only if it involves the sale of specially manufactured goods.}Yes, because Uncle Jordan stated the words "I accept." {Ans: Kevin offered to mow his Uncle Jordan's lawn for $100. To