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Gene, an accountant, convinces his client Hazel to sign a contract to invest her savings in 2Gether, a nonexistent social-networking Web site. There is clear and convincing evidence that Hazel did not act out of her free will. This is​ likely an example of ___.

Misrepresentation of a material fact is an element of fraud.​

​Kali contracts to sell Leony her car for $3,000. This contract will be fully discharged when Kali and Leony ___.

The bases of all torts are wrongs and compensation.​

​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 ___.