Friday, July 31, 2009

Not sure IT'S right?

Mary, 94 yrs old, was a patient of Dr. San for 10 yrs. Dr. San knew Mary had over $75,000 in certificates of deposit. When Mary is placed in a nursing home at Dr. San suggesting, he convinces Mary to transfer the CDs to him and to transfer her house to Dr. San for $1. There is a presumption of


a. Mistake


b. Lack of consideration


c. uUndue infuence


d. Lack of capacity








Ms. Jone who won 2 million dollars in the lottery, wants to own an authentic painting by Picasso. The local art dealer agreed to arrange a sale. After making unsuccessful attempts to locate a painting, he sold Ms. Jone a forged painting for $50,000, alleging it to be an authenic Picasso. To recover her money, Ms. Jone must show


a. Misrepresentation of a material fact


b. Dealer knew or should have know of the misrepresentation


c. Dealer intended to defraud her


d. she suffered injury


f. a,c,e


g. b,d,e


h. All








On July 15, A, owner of a hardwares store, sends a letter to B offering to sell his store, business inventory and good will for total price of $150,000. B sends a letter to A on July 20, accepting the offer n agreeing to buy the business for $150,000. A receives B's letter of acceptance on July 22. B acceptance is A. effective when mailed on July 20 B. invalid as a counteroffer C. effective when received on July 22 D. none of above











AFTER sending the letter, A received an offer of $175,000 FOR HIS BUSINESS. As a result, he sends a letter to B on July 19 revoking his offer. B receives the letter on July 21. The revocation


a. Is effective when mailed on July 19


b. terminated the offer prior to B acceptance


c. is effective when received on July 21, n doen't terminate the offer which been accepted


d. none above

Not sure IT'S right?
perhaps you should do your own homework instead of asking all these questions for other people to do it for you.


You never know if the people are going to give you right answers or not anyways.


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