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Business, 20.07.2020 01:01 major126

Label each fact situation with the term that best describes the legal concept illustrated. Each term is used once. A similar question was posted on Chegg before but most of the answers were incorrect. Please make sure the answers are accurate. Terms:

1. Implied contact
2. Agreement
3. Revocation of offer
4. Genuine consent
5. Material breach
6. Anticipatory breach
7. Accord and satisfaction
8. Liquidated damages
9. Specific performance

Fact situations

a. Avik pulls into the local Shell station where he regularly buys gas. He waves to the regular station attendant, who authorizes the tank to dispense gas. Avik inserts the pump nozzle into his car’s gas tank.
b. Nicole buys a ticket for $207 to fly from Chicago to New York on United Airlines.
c. Nina decides she would rather have a sporty VW Beetle instead of the Golf GTI that she just offered to buy. She tells the salesman her decision as he reenters his cubicle before he has a chance to say anything.
d. Jimmy’s Used Cars cleverly repairs collision damage to a vehicle and then sells the vehicle after assuring the buyer it was never involved in an accident.
e. American Airlines cancels its scheduled flights from London to New York leaving ticketed passengers stranded.
f. Janay informs her landlord that she intends to move out of her apartment and stop paying rent five months before her lease is due to expire.
g. Someone backs into Amanda’s car door while she is at class at COD. She estimates the repair to cost $1000.00 Her insurance company offers to pay her $1000.00 immediately if she agrees it will be full and final payment for all damages resulting from this incident. She agrees and accepts the $1000.00.
i. Retaj fails to pay his cell phone bill on time. He notices an additional $25.00 charge on his next month’s bill.
j. A private art collector agrees to sell an Andy Warhol painting to the Art Institute of Chicago, then decides to keep the painting for sentimental reasons. The Art Institute of Chicago sues the collector for breach of contract and asks the court to transfer title and possession of the painting to the Art Institute of Chicago.

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Answers: 1

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