Fact Pattern 16-B1 (Questions B18-B19 Apply)

question 31

Multiple Choice

Fact Pattern 16-B1 (Questions B18-B19 apply)
Alain and Brie sign a contract for the sale of Alain's Coffee Café to Brie.The parties intend their written contract to be a final statement of most,but not all,of the terms of their agreement-Alain must first buy the building from Developed Commercial Properties,Inc.,after which Alain and Brie will negotiate a price.
-Refer to Fact Pattern 16-B1.Brie later disputes some of the provisions of the deal with Alain.If the dispute results in litigation,a court will most likely admit evidence of additional terms that are

• A)ambiguous.
• B)consistent.
• C)contradictory.
• D)clear.

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Definitions:

Downstream Monopolist

A firm or entity that controls the market as the sole provider or purchaser of goods or services at a later stage in the production or supply chain.

Competitive Price

The market price at which goods are sold in a perfectly competitive market, where no single buyer or seller can influence the price.

Fixed-Coefficient Technology

A production process where input ratios are constant and cannot be substituted for one another in the production process.

Demand Function

A mathematical relationship that describes how the quantity demanded of a good or service varies with changes in its price, and possibly other factors.