Legal Question in Business Law in Florida

On March 28, 2011, Bob agrees, in a signed writing, to sell one of his classic Mercedes Benz convertibles to Larry - for $45,600. Before they sign the contract, he tells Larry that the car is �really fast� and a �gem.� The car had been in a collision before he purchased it, but Bob doesn�t know that, and so doesn�t say anything about the vehicle�s history (and Larry doesn�t ask); and contract calls for delivery on April 5. Under these facts, which of following is an accurate statement?

a. this contract is not governed by the UCC b. this contract does not fall with the UCC statute of frauds

c. the agreement is void ab initio

d. res ips loquitor

e. this contract is governed by Article 2 of the UCC f. this contract is voidable under the �entrustment� rule set out in UCC 2-905

g. this contract is not voidable - because of the buyer�s breach of the �perfect tender� rule h. this is a valid, enforceable contract

i. this is an unenforceable contract

j. a and f above

k. c and i above

l. e and h above

m. e and h above

n. none of the above (statements are accurate)


Asked on 4/04/11, 8:13 pm

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

As a Franchise Attorney I need to advise you of the following. LawGuru is a forum to provide answers to real life situations; not to answer homework assignments. Do your own research and if you're having problems with a homework or class assignment, ask your professor for help. Or consult with a good business or franchise attorney in your area for specific advice.

Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.

Franchise Foundations, a Professional Corporation

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Answered on 4/05/11, 6:21 am


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