QuickHelper

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About QuickHelper

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Teaching Since: May 2017
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  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

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  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Management Posted 05 Oct 2017 My Price 10.00

tan and Lisa are both merchants. Stan agreed to purchase necklaces from Lisa

tan and Lisa are both merchants. Stan agreed to purchase necklaces from Lisa. In their sales contract, Stan and Lisa specify how many necklaces Stan will purchase and the price. Both Lisa and Stan signed the contract. Stan later learns that the price he agreed to is more than ten times the fair market value for the necklaces. In addition, he could easily find another supplier for the exact same necklace at the fair market price. A court is likely to

a. refuse to enforce the contract because it has an open delivery term.
b. enforce the contract because it does not contain any open terms.
c. enforce the contract since it is in writing and signed by both parties.
d. refuse to enforce the contract because it was unconscionable at the time it was made.

 

Answers

QuickHelper
(10)
Status NEW Posted 05 Oct 2017 12:10 PM My Price 10.00

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