Patrick Agrees to Sell Two Different Goods to His Friend

question 48

Multiple Choice

Patrick agrees to sell two different goods to his friend Ron,a retailer.One item is legal,and one item is illegal.The contract price is $2,000.In this case:

• A) Patrick may not recover payment for either of the items,or in some cases,he may recover for the legal item,but not for the illegal item.
• B) Patrick may only recover for the legal item,and he may not recover for the illegal item.
• C) the contract is unconscionable under the UCC.
• D) Patrick may not recover payment for either of the items.

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Definitions:

Racketeer Influenced

Racketeer Influenced refers to activities or organizations affected by criminal influences, especially related to coercion, fraud, bribery, and other illegal activities as outlined by RICO (Racketeer Influenced and Corrupt Organizations Act).

Sarbanes-Oxley Act

A U.S. federal law enacted in 2002 to protect investors from the possibility of fraudulent accounting activities by corporations.

False Claims Act

A U.S. federal law that allows individuals to sue on behalf of the government for fraudulent billing by contractors, with the possibility of receiving a portion of any recovered funds.

Nolo Contendere

A plea in which the defendant does not admit guilt but agrees not to contest the charges.