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Fact Pattern 10-1 Lulene Makes the Best Lemon Meringue Pies in Mississippi. So

question 323

Multiple Choice

Fact Pattern 10-1
Lulene makes the best lemon meringue pies in Mississippi. So Ellen, who owns Ellen's Old Fashion Cafe, contracts with Lulene to buy 50 pies per week at the price of $5.00 per pie.
Although Lulene took a class in business law, she forgot to get her agreement with Ellen in writing. Lulene and Ellen agreed during a chat. Lulene said: "I will supply you with lemon meringue pies for however long you want them at $5.00 per pie." Ellen said: "That's great, I'll take them." Both women were pleased.
Soon Lulene had a problem. Between a hurricane in Florida and brush fires in California, the price of lemons increased by 200%. Now, instead of the $5.00 per pie price she intended to charge Ellen, she feels she must charge $7.00 per pie to make a little profit.
Lulene calls Ellen with the bad news and Ellen has a fit. She tells Lulene that's too bad, but the deal is off. Lulene says, "That's what you think!" and goes to see Amanda, her attorney.
-Refer to Fact Pattern 10-1. Suppose the Mississippi legislature passes a law, one day after Lulene and Ellen make their contract, that the sale of lemon pies is prohibited in the state because lemons have been found to cause cancer. This statute makes the contract:

Explain the significance of the mailbox rule in contract law and its application to offer and acceptance.

Understand the battle of the forms and its implications for contract agreement discrepancies.

Recognize the impact of external circumstances (e.g., destruction of subject matter) on the viability of an offer.

Discuss the legal consequences of errors and misunderstandings in contract formation, and the difference between void and voidable contracts.

Definitions:

Illusory Correlation

The perception of a relationship where none exists.

Space Study Time

The planned and structured periods dedicated to the study and exploration of outer space.

Rereading

An often-used study technique involving going through the same material multiple times to improve memory and comprehension.

Lecture Notes

Written reminders or points taken during a lecture to aid memory and understanding of the presented material.