Whitt and Jamie open a home-decorating business. Each can ta…

Whitt and Jamie open a home-decorating business. Each can take part in operating the business. They agree to share in any profits equally. They file a formation document with their state that registers their business as one that limits/caps their business’s liability at the amount of the assets that the business has, and states that each will be own a membership interest in the business. Which type of business do Whitt and Jamie have?

Kenny needs a new guitar to play. Garth, a merchant seller o…

Kenny needs a new guitar to play. Garth, a merchant seller of guitars, tells Kenny that he “cannot say enough great things” about the guitar that Kenny is trying out on the guitar-store floor. Kenny loves the way it feels and plays, but he wants a different color and asked if they have his preferred color in stock. They do, and Garth brings the guitar out from the stock room. Garth tells Kenny that the guitar is “as fine of a guitar as I have ever sold.” Kenny decides to buy. Which is true?

A judge believes the negotiations that led to the contract b…

A judge believes the negotiations that led to the contract between Lou and Pilar were totally fair to each party. She also believes the terms in the contract are shockingly unfair to Pilar, that the terms are not ones she (the judge) can allow to remain. In the judge’s view, then, which is/are present?

Mars orders a non-customized good from Lars. The contract is…

Mars orders a non-customized good from Lars. The contract is for the good and service, so it’s a mixed/hybrid sale. The predominant purpose of the transaction is the furnishing of a service. Mars sues Lars because he is unhappy with the good, not the service. Which is true?