Module 4 midterm
Essay Questions
1) Strict Liability and Negligence are both causes of action
under tort law. Please provide a short answer on the differences between strict
liability and negligence and include an example of each of these tort actions.
2) Provide a short answer to the facts below. Your answer
will be as the Judge and determine if you would require Uncle Tupelo to make
payment. Your answer should analyze the situation under basic contract
principles and fully explain the legal reasoning supporting your conclusion.
Facts: Tweedy is an aspiring restaurateur. He wants to start
his own French restaurant, but he lacks the needed start-up money. Tweedy’s
wealthy Uncle Tupelo wants to help Tweedy out, and he makes the following
promise. “I think you’ve got what it takes. I am going to give you $10,000
to get this project off the ground.” Tweedy is ecstatic. He quits his job,
buys $8,000 worth of kitchen equipment, $4,000 worth of furniture, and enters a
lease for space. However, shortly thereafter, Uncle Tupelo later becomes mired
in a messy divorce and he refuses to pay Tweedy.
3) Provide a short answer on why the Uniform Commercial Code
was created. Include in your answer what Article 2 of the UCC pertains to and
what Article 3 of the UCC provides for.
ScholarMatic: Explanation & Answer
Your ready answer from a verified tutor is just a click away for as little as $14.99
Click Order Now to get 100% Original Answer Customized to your instructions!
