10 business law 2 questions


1.  Steve buys a house from Jim. There is no written contract.
However, Steve pays the purchase price, moves onto the property, and begins to
build a new garage. Jim seeks to evict Steve from the property stating that
there was never a valid contract. Is Jim likely to succeed? Why or why not?
2.  Tony contracts with Paulie for Paulie to build him a house.
They contract for a particular brand of pipes to be used. However, Paulie
decides to use a slightly cheaper brand that is of a slightly lesser quality.
Tony claims that this breach of the contract allows him to avoid the contract.
Is he correct?
3.  Frida agrees to sell a car to Johnny for $900. However,
Johnny reneges on the written contract. Frida is able to find another buyer for
the car at $700. What damages may she recover from Johnny?
4.  What are the three main types of warranties under Article 2
of the UCC and how are they created?
5.  What kind of contracts are covered by Article 2 of the Uniform
Commercial Code?
6.  Name the characteristics that are protected against
discrimination by Article VII of the Civil Rights Act?
7.  Nymeria buys a promissory note off of Yolanda for $300.
Nymeria buys the note in good faith, and she is unaware of the fact that
Yolanda secured the note from Georgia through Fraud in the Inducement. Nymeria
seeks to enforce the note. Can she?
8.  In what ways do administrative agencies perform the functions
of all three branches of government?
9.  What oversight can each branch of government provide over
administrative agencies?
10. What is the difference between Article I and Article II of
the Sherman Act?

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