Author Question: Under Restatement (Second) of Contracts 89, when can a contract be modified? A) before the ... (Read 66 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?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

This year, an estimated 1.4 million Americans will have a new or recurrent heart attack.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

For a complete list of videos, visit our video library