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Author Question: A __________ is a completed sale with an option for the buyer to return the goods. A) conditional ... (Read 166 times)

pepyto

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on: Jun 24, 2018
A __________ is a completed sale with an option for the buyer to return the goods.
 A) conditional sale
 B) contingency sale
 C) sale or return
 D) sale on approval

Question 2

David and Veronica Allen bought land in Independence, Missouri, during 1994 for 22,000. In January 1998, they listed it for sale with a broker, Chuck Zuvers, asking 88,000. The property remained on the market until May 1999, when Thomas C. Scott contracted to buy it for 90,000. Scott signed the sales contract as Thomas C. Scott, or assigns because he was organizing Scott, Hewitt & Mize as a limited liability company and wanted the land deeded to the firm. At closing, and following Scott's instruction, the Allens deeded the property to Scott, Hewitt & Mize, LLC. Although Scott and his partners had filed articles of organization for Scott, Hewitt & Mize with the Secretary of State before closing, the Secretary of State rejected the articles because of errors contained in them. Scott corrected the errors, and the Secretary of State issued a certificate of organization to Scott, Hewitt & Mize nine days after closing. The contract between the Allens and Thomas C. Scott:
 A)Is invalid because the LLC was not formed.
 B)Is valid because the contract is with Thomas C. Scott or assigns.
 C)Is invalid because Thomas C. Scott cannot assign a personal right such as this to another party.
 D)Is voidable by the Allens.


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courtney_bruh

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

B


pepyto

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Reply #2 on: Jun 24, 2018
Thank you


courtney_bruh

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Reply #3 on: Jun 24, 2018
No problemo


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