A supermarket advertises that any customer who spends £100 on wine will receive a free gallon of petrol. A customer who relied on this promise and who spent £100 on wine is refused the petrol. Which one of the following statements is true?Question 3Select one:a.the customer will not be entitled to the wine because when he claimed the wine the consideration was passedb.There will be no contract as the customer provided no condieration for the petrolc.he customer will be entitled to petrol as there was a good contractd.There will be no contract as there was no intention to creat legal relations

Mable and Pepe agree orally that Mable will lease her vineyards to Pepe on condition that Pepe will annually give 10 percent of the grapes produced by him to Mable, as rent. Which ONE of the following statements is CORRECT?a.No contract of lease will come into being, because the agreement relates to immovable property and is not embodied in a written document.b.No contract of lease will come into being, because the rent must sound in money that is the lessee must compensate the lessor with money.c.No contract of lease will come into being if it is agreed that Pepe’s stay on the farm is permanent.d.No contract of lease will come into being, because the amount of the rent is not certain or ascertainable.

Which of the following statements is true? Question 1Select one:a.An employer's promise to pay an employee an increased salary in the future is supported by good consideration from the employee. b.A person is not legally bound to pay his or her taxi fare because the services of the taxi driver rest on past consideration. c.Past services performed by an employee for his or her employer amount to good consideration to support a current promise by the employer to pay an increased salary for the period of those past services. d.An agreement in writing will be binding even if the promises contained in the written document are not supported by consideration.

Which of the following statements are true? Whose responsibility is it to protect vulnerable consumers from unfair advertising?Group of answer choicesGovernment LegislationIndustry practice standardsBoth of the above

Which of the following conditions need not be satisfied for substantial performance?Multiple choice question.The formation of a contract between a merchant obligor and a non-merchant obligeeNo willful departure from the terms of the agreementAn honest effort to complete all of the contract termsCompletion of nearly all of the terms of the agreement

3. Which of the following are part of the criteria that must be met when accounting for a contract with a customer?I. Commercial substance.II. Approval of the contract by all parties.III. Identification of the payment terms for the goods/services.IV. The collection of the consideration from the customer is remote.  Reading required:    Learning objective 16.3.1 on pages 520-521Group of answer choicesI, II and IV.I, III and IV.II and III only.I, II and III.