solution

Bob was in the market to purchase a home and he looked in several locations. Alice, a homeowner, asked Bob, “Are you interested in purchasing my house for $500,000?” Bob replied, “Yes.” As a result of their statements:

Neither Alice nor Bob made an offer.

Bob made an offer.

2)

During a basketball game, as a Matador basketball player was dribbling the ball, a player from the opposing team stabbed him with a knife. As a result of this act there was:

Only a tort of battery; not a crime.

A crime and a tort of battery.

No crime or tort of battery since both players voluntarily consented to participating inthe basketball game knowing of the risk of bodily injury.

Only a crime; not a tort of battery.

alice and Bob made offers.

Alice made an offer.

3)

Darren signs an employment contract before starting work at Larry’s advertising agency. Included in the contract is a clause that states that if the parties have a dispute, a neutral, nonjudicial third party will decide the matter. Determine what will happen when Darren and Larry have a dispute when Larry refuses to make Darren a partner in the agency.

Darren and Larry will appear before an arbitrator, whose decision the court will likely uphold.

Darren will file a lawsuit in court, and the mediator will decide the case.

The case must go to the state labor board for resolution dispute.

Either Darren will file a lawsuit in court, and the mediator will decide the case; OR, Darren and Larry will appear before an arbitrator, whose decision the court will likely uphold can occur; it depends on the parties’ agreement at the time of the dispute

4)

Betsy owned a speedboat that was not operating correctly. She hired Gail, a mechanic, to determine what needed to be repaired or replaced on the boat. Gail concluded that the boat needed over $5,000 of work to run safely. Upset by the news, Betsy decided to get a second opinion from Kathy, another mechanic. Kathy advised Betsy that the boat only needed a new fuel pump, which cost considerably less than $5,000. Betsy decides to sell her boat instead of repairing it. When a prospective buyer asks Betsy whether the boat has been inspected by a mechanic, she will:

be required to disclose both reports.

be required to disclose only Kathy’s report since her estimate was less than Gail’s estimate.

be required to disclose only Gail’s report since she made the first inspection.

not be required to disclose either report to the buyer.