Exam 12: Consideration

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Aron ordered an truck bed toolbox for $249.99. Before it was delivered, the same store from which he ordered the toolbox ran an ad in the paper for the same toolbox at $179.99. Aron called the store and demanded the advertised price. If the store says "okay":

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The Abbot Corporation contracts with the Baker Corporation to sell to Baker its entire production. After signing the agreement, Abbot can increase its production from one shift to two shifts and Baker will have to buy all of the doubled production.

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In a unilateral contract, a promise is exchanged for an act or forbearance to act.

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