Lucas Offered to Purchase Baker's Snowmobile If He Could Arrange

question 32

True/False

Lucas offered to purchase Baker's snowmobile if he could arrange a loan with the bank for the funds. Lucas and Baker signed a written purchase agreement which did not mention the fact that Lucas did not have the necessary funds in his possession. If Baker claimed against Lucas for breach of the contract, Lucas could raise the agreement concerning the need for a bank loan as a collateral agreement, allowing him to avoid the contract.

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Definitions:

First Nations

Indigenous peoples in Canada, recognized as the original inhabitants.

Individual Human Beings

Each single member of the Homo sapiens species, emphasizing the uniqueness and personal identity of every person.

Consumerism

The cultural inclination towards the buying and accumulation of goods and services in ever-increasing amounts.

Oppose Consumerism

To critique or resist the culture of acquiring and valuing goods and services in excess of one's basic needs.