Author Question: Under Restatement (Second) of Contracts 89, when can a contract be modified? A) before the ... (Read 17 times)

faduma

  • Hero Member
  • *****
  • Posts: 528
Under Restatement (Second) of Contracts 89, when can a contract be modified?
 
  A) before the contract's effective date
  B) when the contract is fully performed
  C) when unforeseeable changes in circumstances occur
  D) when the parties choose to do so

Question 2

Timothy sends an e-mail to Joe, offering to sell his RV for 25,000. Joe replies that he is willing to consider buying the RV, but he wants the chance to inspect it first. Two days later, Joe inspects the RV and sends Timothy an e-mail agreeing to purchase it for 25,000, and suggests that they meet the following Friday to complete the deal. Timothy replies by e-mail that the date is fine with him. The following day, Joe sends an e-mail stating, By the way, I'd like you to replace the front bumper on the RV, because I noticed it has a pretty bad dent. Is Joe's last e-mail a counteroffer or a modification?
 
  A) a modification, because a contract was formed as soon as Timothy agreed to the delivery date
  B) a counteroffer, because no additional consideration was offered for replacing the bumper
  C) a modification, because no additional consideration was offered for replacing the bumper
  D) a counteroffer, because the deal had not been finalized when the e-mail was sent



juliaf

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

C

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Your heart beats over 36 million times a year.

Did you know?

The average adult has about 21 square feet of skin.

For a complete list of videos, visit our video library