Lois was the agent of Lester, who owned a store in Walton, Iowa. ...

[D2AR0N]

Lois was the agent of Lester, who owned a store in Walton, Iowa. While Lester was away on vacation, the Mississippi River reached record flood. As an agent, Lois only had permission to engage in sales at the store and purchase certain items. Faced with the prospect of losing all goods, Lois shipped Lester's inventory to a storage facility 200 miles away, out of the path of the flood waters. This incurred costs, but saved the inventory. Lois acted in:
 a. violation of her duty of loyalty
  b. violation of her duty of obedience c. violation of her duty of accounting
  d. accordance with her duty of accounting e. none of the other choices

Question 2

Cookie Co offered to sell Distrib Markets 20,000 pounds of cookies at 1.00 per pound, subject to certain specified terms for delivery. Distrib replied in writing as follows: We accept your offer for 20,000 pounds of cookies at 1.00 per pound, weighing scale to have valid city certificate.. Under the UCC:
 a. A contract was formed between the parties.
  b. A contract will be formed only if Cookie agrees to the weighing scale requirement.
  c. No contract was formed because Distrib included the weighing scale requirement in its reply.
  d. No contract was formed because Distrib's reply was a counteroffer.

[jaygar71]

Answer to Question 1

e

Answer to Question 2

.A