Pauline's Print Mart (PPM) Discussed with Martin Mason Printing Up

question 40

Multiple Choice

Pauline's Print Mart (PPM) discussed with Martin Mason printing up elegant brochures advertising Mason's business, at a price of $700. Mason took possession of about 500 brochures; then, pressed by a big national competitor, he quit that business. He then refused to pay for the 1000 brochures still stored in boxes at PPM, denying he had ordered any more than the 500 he'd taken. As to the remaining 1000 brochures . . .

• A) Mason will win: the relevant statute of frauds requires contracts in excess of $500 to be evidenced by a writing.
• B) Mason will win: the parol evidence rule precludes admission of contemporaneous oral agreements that alter the terms of otherwise unambiguous written contracts.
• C) Mason will win: the brochures were printed by normal printing mechanisms, nothing special.
• D) Mason will win because under Article 2 if a person accepts goods, he admits a contract for that much.

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Definitions:

Deflation

The general decline in prices in an economy.

Consumer Price Index

An index that measures the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, indicating the level of inflation or deflation in an economy.

Specific Set

A clearly defined and identified collection of elements or members.

General Price

The standard or average cost of goods or services available in the market to all consumers.