In the Case in the Text Where Someone Purchased a Used

question 63

Multiple Choice

In the case in the text where someone purchased a used safe at an auction for $50,but was later found by the buyers to contain more than $30,000 in cash,how did the court rule?

• A)There was no contract because the buyer was unjustly enriched.
• B)There was no contract because the act of opening the safe was not completed before the buyers took the safe.
• C)This was an implied-in-fact contract and the buyers were required to pay the fair value for the safe and its contents.
• D)There was objective intent that the parties intended that the safe,and whatever might be in it,be sold for a price of $50.

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Definitions:

Signal Collision

A phenomenon occurring in a network when two signals are sent simultaneously over the same channel, causing interference and potential data loss.

Jam Signal

A special signal sent to network nodes alerting them that a data collision has occurred.

Peer-To-Peer

A decentralized network architecture where all the participants, or nodes, share part of their resources directly with each other, without going through a centralized server.

Node

A device connected to a network such as a computer, a peripheral (such as a printer), or a communications device (such as a modem).