Project description
This is a question and answer, basically you answer and make sure to explain your answers throughly.
Amy and Bob orally agree to the sale of a parcel of land for $50,000: one-half payable now as a down payment; one-half payable in 30 days at the time of closing when the title will be transferred. The buyer, Amy, is to have possession immediately. Amy pays Bob $25,000, takes possession of the land, and starts building a house. At the time of closing, Amy has made a substantial beginning on the house. However, Bob refuses to transfer the title, claiming the oral contract is not enforceable.
Discuss the outcome of this lawsuit ? who wins and why. Use legal terms/concepts and case law from the text, if any, that support your analysis.
2. Amy orally agrees to sell Bob her car for $499. Does this agreement violate the statute of frauds? Explain.
3. Amy orally agrees to sell Bob a strip of land for $5,000 to allow him easier access to the county road. Amy transfers title and Bob pays Amy $5,000. Now Bob is upset that the land will not serve its intended purpose and he wants to rescind the deal. Explain who wins and why.
4. Under the UCC, which of the following contracts may be enforceable, even without a written memorandum?
a. Seller of specially manufactured goods for buyer
b. Seller admits in court there was a contract
c. Seller delivered goods
d. All of the above
5. Bob?s Burgers entered into a contract with Burgers R Us in which Bob?s was obligated to deliver 50 cases of frozen burgers to Burgers R Us by September 15th. On September 1st, Bob?s told Burgers R Us that it would not be delivering the goods. Prior to September 15th, Burgers R Us may successfully sue Bob?s under what legal theory?
6. Henry operates an herbal supplement company. He is such a good marketer that Stuff Mart wants to carry his latest product ?Slimming 4-Life?. Both parties enter into a contract ? Henry will provide 5,000 units per month for one year. After the contract is signed but before the first delivery, the State of Arkansas passes legislation banning the sale of any herbal supplements. Henry?s contract will be discharged because of what legal theory?
7. Houses R Us built a house for Max, but the house had some problems. The garage ceiling was too low. Load-bearing beams in the ?great room? cracked and appeared to be steadily weakening. The patio did not drain properly. Houses R Us wanted the money for the job, but Max refused to pay. Hosues R Us filed suit. Discuss how the judge would rule in this case and why.
8. Tractors R Us delivers a new tractor to Farmer Fred. But the tractor will not start and it takes 2 weeks for the right parts to be delivered and installed. The repair bill comes to $1,000. During the 2 weeks Fred was without a tractor (his old one would not work either), some acres of Fred?s crops die because he could not harvest them. He argues in court that his lost profit on those acres is $60,000. If a jury awards $1,000 for tractor repairs, it would be in the form of ___________ damages. If the jury awards $60,000 for the lost crops, it will be in the form of ___________ damages.
9. Raymond was in the process of buying 500 acres of land. While that sale was being negotiated, Raymond signed a contract to sell the land to Max. Max paid $500,000, the full price of the land. But Raymond went bankrupt before he could complete the purchase of the land, let alone its sale. Which remedy discussed in Chapter 18 should Max seek? Explain.
10. Rudy the Reptile King has performed for the traveling circus for many years. Customers love to watch Rudy ?charm? the python and do other daring stunts with the dangerous reptiles. But lately, Rudy has lost his interest in the circus and the crowds no longer stay to the very end of Rudy?s show and ticket sales for his show have dwindled. The circus owners have failed to convince Rudy that he needs to perform up to his excellent standards. So, the owners decide they will threaten Rudy with a lawsuit. They come to you for advice. Explain to the owners what remedy they would be seeking in court and how the court likely rule. Be sure to explain your ruling.
No sources needed at all! Make sure you use proper grammar and english for a second year college student! Don’t go above that grammar and such for a college student, make sure your sentences make sense.