FiveStarLaw Question 11 1. Yard Work, Inc., makes and sells…

FiveStarLaw
Question 11
1. Yard Work, Inc., makes and sells garden tools. Under the strict liability doctrine, a tool could be unreasonably dangerous and defective
only if, in making the tool, Yard Work failed to use a less dangerous but economically feasible alternative.
only if the tool is dangerous beyond the ordinary consumer's expectation.
if, in making the tool, Yard Work failed to use a less dangerous but economically and practically feasible alternative.
none of the above.
0.5 points
Question 12
1. Central Brokerage Associates sells securities. The definition of a security does not include, as an element,
an investment
a common enterprise
a reasonable expectation of profits
profits derived entirely from the efforts of the investors
0.5 points
Question 13
1. Greg agrees to make bookshelves for Holly, who tells Ira that she will guarantee payment for whatever supplies Greg orders from Ira for the shelves. Holly's promise is enforceable
only if it is in writing.
only if it is oral.
whether it is oral or in writing.
under no circumstances.
0.5 points
Question 14
1. Fast Eddie, a minor, who looks older, buys a used car on credit when he is 16 for "cruisin'" and "girl pick-up" purposes. He pays a small down payment and agrees to pay a monthly payment. When he turns 18 he continues to use the car and to make payments to the used car dealership. He does this for several months after turning 18 years of age. However, he then attempts to "drag race" with a friend to impress a girl, but crashes the car. He is not badly injured, but the car is seriously damaged. Fast Eddie then has the car towed back to the used car dealership, and says: "Yo, I was only 16 when I bought this car. I was a minor and I want all my money back. You can have what's left of the car. Yo!" What is the likely legal result of this situation?
a. Fast Eddie can disaffirm the contract with the car dealership since he was a minor when he purchased it.
b. Fast Eddie cannot disaffirm the contract since the car was a "necessity."
c. Fast Eddie cannot disaffirm since he impliedly ratified the contract he made when he was a minor.
d. Fast Eddie can disaffirm since the used car dealer should have asked Fast Eddie his age regardless of his appearance.
0.5 points
Question 15
1. Digital Products Company agrees to sell to Eagle Manufacturing, Inc., a customized software system. If Eagle materially breaches the contract, the remedies available to Digital include the right
to cancel the contract only.
to recover damages only.
to cancel the contract and recover damages.
none of the above.
0.5 points