Stan Purchased 400 Pairs of Gloves from Isaac at a Contract

question 41

Multiple Choice

Stan purchased 400 pairs of gloves from Isaac at a contract price of $800.Fifty of the gloves were defective,and a dispute arose as to the amount due and owing under the contract.Stan refuses to pay the $800,and Isaac is threatening to sue.Which of the following is correct with regard to this transaction?

• A) If Isaac agrees to accept $600 to settle the dispute and Stan agrees to pay that amount,the substitute agreement is enforceable.
• B) If Isaac agrees to accept $600 to settle the dispute and Stan pays that amount,Isaac can still sue for the balance of $200 and will win the lawsuit.
• C) Stan is under a pre-existing legal obligation to pay the $800.
• D) Stan must return the defective gloves to Isaac,who must replace them.Then,Stan must pay the $800.

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Definitions:

Task-unrelated Thoughts

Thoughts that occur while engaged in a task, which are not directly related to the task at hand, often serving as distractions.

Mind Wandering

A cognitive process where attention shifts away from a primary task to unrelated thoughts or fantasies.

Body Temperature

The measure of the body's ability to generate and get rid of heat, reflecting the balance between heat production and loss.

Fall Asleep

The transition from wakefulness to sleep, a natural and necessary state of rest for the body and mind.