[jeff]

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[Qlad]

@jennifer…thank you…i got the point that the damage was still there bcoz all value was not recovered…i will not forget now…thanks…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

@jennifer…thank you…i got the point that the damage was still there bcoz all value was not recovered…i will not forget now…thanks…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Kenada]

LOL … I hate B-Law but I am with you Qlad I need to get strong in before I sit the exam!!!

FAR 05/27/14; 786/110 - Done !

[Kenada]

LOL … I hate B-Law but I am with you Qlad I need to get strong in before I sit the exam!!!

FAR 05/27/14; 786/110 - Done !

[Qlad]

Here's another one…

For which of the contracts will a court generally grant the remedy of specific performance..

A. A contract of employment

B. A contract for the sale of fungible goods

C. A contract for sale of patent.

D. A contract for sale of stock that is traded on National stock exchange…

If we all are weak at same thing…let's ask questions that we think are challenging and the answer will imprint in our minds…we won't forget at the exam…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Qlad]

Here's another one…

For which of the contracts will a court generally grant the remedy of specific performance..

A. A contract of employment

B. A contract for the sale of fungible goods

C. A contract for sale of patent.

D. A contract for sale of stock that is traded on National stock exchange…

If we all are weak at same thing…let's ask questions that we think are challenging and the answer will imprint in our minds…we won't forget at the exam…

FAR 72,71,81 🙂
AUD 64,71, 72, 75 🙂 I'm done !!!
REG 73, 74, 74, 84 🙂
BEC 76 🙂

[Kenada]

I will say C – Patent.

I don't know what a Fungible good is ….LOL If i saw that in the exam I would be like a what ??!!

FAR 05/27/14; 786/110 - Done !

[Kenada]

I will say C – Patent.

I don't know what a Fungible good is ….LOL If i saw that in the exam I would be like a what ??!!

FAR 05/27/14; 786/110 - Done !

[Anonymous]

I had trouble with this one:

On July 1, Silk, Inc. sent Blue a telegram offering to sell Blue a building for $80,000. In the telegram, Silk stated that it would give Blue 30 days to accept the offer. On July 15, Blue sent Silk a telegram that included the following statement: “The price for your building seems too high. Would you consider taking $75,000?” This telegram was received by Silk on July 16. On July 19, Tint made an offer to Silk to purchase the building for $82,000. Upon learning of Tint’s offer, Blue, on July 27, sent Silk a signed letter agreeing to purchase the building for $80,000. This letter was received by Silk on July 29. However, Silk now refuses to sell Blue the building. If Blue commences an action against Silk for breach of contract, Blue will

MC

• Win, because Blue effectively accepted Silk’s offer of July 1.

• Win, because Silk was obligated to keep the offer open for the 30-day period.

• Lose, because Blue sent the July 15 telegram.

• Lose, because Blue used an unauthorized means of communication.

[Anonymous]

I had trouble with this one:

On July 1, Silk, Inc. sent Blue a telegram offering to sell Blue a building for $80,000. In the telegram, Silk stated that it would give Blue 30 days to accept the offer. On July 15, Blue sent Silk a telegram that included the following statement: “The price for your building seems too high. Would you consider taking $75,000?” This telegram was received by Silk on July 16. On July 19, Tint made an offer to Silk to purchase the building for $82,000. Upon learning of Tint’s offer, Blue, on July 27, sent Silk a signed letter agreeing to purchase the building for $80,000. This letter was received by Silk on July 29. However, Silk now refuses to sell Blue the building. If Blue commences an action against Silk for breach of contract, Blue will

MC

• Win, because Blue effectively accepted Silk’s offer of July 1.

• Win, because Silk was obligated to keep the offer open for the 30-day period.

• Lose, because Blue sent the July 15 telegram.

• Lose, because Blue used an unauthorized means of communication.

[Kenada]

Win – because the offer was for 30days and Blue had 30 days to accept offer.

What Blue sent on July 15 was an inquiry. It was not a counter offer. Had Blue said … I will accept to buy the building for 75,000.00 that would have been a counter offer and it have annulled the initial offer Silk made.

Since Blue he said “would you consider”.. that is more a question than stating he will buy it for 75,000.

I had a similar question like this and got it wrong when I said it was a counter offer and now realized its not considered a counter offer.

I don't think A is right because Blue didn't accept the offer on July 1st. So I think its B – Win.

FAR 05/27/14; 786/110 - Done !

[Kenada]

Win – because the offer was for 30days and Blue had 30 days to accept offer.

What Blue sent on July 15 was an inquiry. It was not a counter offer. Had Blue said … I will accept to buy the building for 75,000.00 that would have been a counter offer and it have annulled the initial offer Silk made.

Since Blue he said “would you consider”.. that is more a question than stating he will buy it for 75,000.

I had a similar question like this and got it wrong when I said it was a counter offer and now realized its not considered a counter offer.

I don't think A is right because Blue didn't accept the offer on July 1st. So I think its B – Win.

FAR 05/27/14; 786/110 - Done !

[gottapassb4b4]

@cupcake, I think the answer is a. Is that correct?

[gottapassb4b4]

@cupcake, I think the answer is a. Is that correct?

[stoleway]

A…Because blue telegram on jul 15 was inquiry not a counteroffer

REG -63│ 84!!
BEC- 59│70│ 71 │78!
AUD- 75!
FAR- 87!

Mass-CPA

[Author]

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