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​Quinn contracts to provide ten tons of scrap steel at $500 per ton to Rendered Materials, Inc. An unforeseen shortage of scrap steel suddenly develops, making it impossible for Quinn to fulfill the contract for less than $5,000 per ton. Quinn’s best defense against performing the contract would be that ___.

When the risk of loss for goods passes from a seller to a buyer is generally determined by the contract between the parties.​

For jurisdictional purposes, corporations are considered legal persons.​

Leslie pays Mobile Electronics $600 for a new phone. Under the UCC, this is​ ___.

Based on what you’ve learned in this unit, define ethics.  Use at least one example of how businesses can engage in ethical practices. Response must be at least 40 words in length (3-4 strong sentences) for full credit.  Use complete sentences and proper capitalization for full credit.  Don’t stress about perfect spelling or grammar.

Rafi offers a tour of Bay Harbor aboard his sailboat, Sea Siren, to Tiara’s Travel Group for $500. Referring to the prices for similar tours, Tiara’s says, “We’ll pay no more than $400.” Rafi’s offer is ___.

Dian, an agent for Expo Motors, Inc., writes a letter to Flynn on November 1 stating that she will sell him a 2017 Subaru Outback for $25,000 between November 1 and December 31. Dian’s letter to Flynn is​ ___.

Criminal law is concerned with ___.

Idina admires Jules’s collection of guitars. Jules says, “I plan to sell the collection when I get tired of it.” Jules’s statement is​ ___.

Nevin negotiates a deal for the sale of twenty-five acres of farmland to Otis. Nevin promises to hold the offer open for thirty days in return for a small payment.This is an example of ___.