Is the contract in this case enforceable by law? Expluin why or why not?
Q: oes a contract has to be in writing to be legally enforceable?
A: A type of document on which both the parties agree to the terms and conditions of the agreement is…
Q: Tim and Kristen work together in College Station, Texas. Tim mentions that he is selling his car and…
A: Alternative dispute resolution (ADR) is also called External dispute resolution. It is a means of…
Q: A breach of contract occurs when either party violates the agreed upon promise. True False
A: A contract is nothing but a legally binding agreement that describes and administer the…
Q: Consideration can be defined as “something of value in the eye’s of the law”, but consideration is…
A: Ans-1) Consideration is "anything of legitimate worth" presented by a promisor in exchange for…
Q: Which of the following is created once an offer has been unconditionally accepted? A. A conditional…
A: A binding contract is created once an offer has been unconditionally accepted.
Q: example of a contract that is illegal in Florida but legal in some other states in the United…
A: Meaning of illegal contract : An agreement is illegal under common law of contract. It is one of the…
Q: Which of the following statements regarding discharge of contracts is FALSE? 1) All parties are…
A: Contracts can be discharged only when either the contracts are performed or by agreement, by…
Q: What are the advantages/disadvantages of the UCC? Describe how the UCC makes (or does not make) a…
A: Uniform Civil Code (UCC) is characterized in the Article 44 of Directive Principles of State policy…
Q: What is meant by ‘Assignment of contracts’ under the Contract Act, 1872? State any four rules…
A: Indian Contract Act 1872: The Indian Contract Act, 1872 defines the term “Contract” under its…
Q: a) What is an exclusion clause? )What must a party show if he or she wants to rely on an exclusion…
A: A. Exclusion Clause: Exclusion Clause may be defined as a 'clause in a contract or a term in a…
Q: Kindly explain the following for remedies for breach of contract 1.Damages 2.0rder of payment…
A: Remedies for breach of contract can be defined as the element that helps in obtaining damages for…
Q: A contract must always contain explicit written terms in order for it to be legally upheld. True…
A: A contract is nothing but a promise or the set of the promises for which the court of law gives a…
Q: operations Manageme A contract of sale is distinct from other types of contracts because it has two…
A: A contract of sale is a contract in which a seller agrees to sell a specified quantity of a product…
Q: What are the advantages from the contractor’s standpoint of subcontracting portions of a…
A: When a contractor has multiple projects in his hands like construction of a hospital, a school, an…
Q: 1. State the issue in this case. 2. State the contract in this case. 3. State the elements of…
A: The contract is an agreement between private parties creating mutual obligations enforceable by law.…
Q: Amanda was to be sent abroad to work for 2 years, therefore agrees to lease out her apartment block…
A: ANSWER IS AS BELOW:
Q: Non-compete agreements are typically held to be illegal in most states. True False
A: Non compete agreements are the contracts that exist between an employee and an employer in which the…
Q: BUSINESS LAW EXPERT PLS ATTAIN THIS 1. An offer to contract was made to you by email. You…
A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: The sale contract between Mazen and Dani is concluded at the Notary Public. Thus, such contract is…
A: Law Law refers to the rules and regulations that have been established in a particular community,…
Q: Consider the following contractual relation between B and S. B's value of the widget, denoted by v,…
A: Breach of contract refers to the action where one party could deliver as per the agreement. It can…
Q: A contract to sell, even if accepted by the buyer is not an absolute sale. B. FALSE A. TRUE -…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: This question relates to the form of employment contract between a real estate agent and her real…
A: Risk Premium: It is the amount a risk-averse person is willing to pay to avoid the risk. Solving for…
Q: Specific performance may be ordered when the O goods are unique. O subject of the contract is real…
A: Specific performance - fulfilling a promise made under a contract as agree.Orders of specific…
Q: J is injured in an accident on K’s premises. K has a commercial general liability policy with a…
A: A Commercial General Liability (CGL) strategy shields your business from monetary misfortune if one…
Q: If the delivery term in the parties’ contract for the sale of goods is FOB the place at what the…
A: FOB trade agreements describe the obligations of both the seller and buyer while dealing with…
Q: Mohammed wants to sell his bike and he gives an advertisement. In the advertisement it is mentioned…
A: Contract It is a written or spoken arrangement, particularly one involving work, purchases, or…
Q: Describe Express and implied contracts. What does it mean when a contract is called void and…
A: A contract is an agreement between two or more person which is legally enforceable by law. Under…
Q: On January 1, 2021, Crane, Inc. signs a 10-year noncancelable lease agreement to lease a storage…
A: The fair value of the building on January 1, 2021, is $6,550,000. The estimated economic life of…
Q: In many countries, a computer-scanned image of a signed contract is legal. True False
A: In the court of law a digitally signed contract is legal because the contract is signed completely…
Q: In relation to Consideration select the CORRECT statement: Select one: To be valid, the agreed price…
A: A negotiated exchange in which there is a lawful element to the promisor or lawful advantage to the…
Q: S1: Cost plus contract is a contract used on long term construction contracts in which the…
A: Here, question has asked about the specific kinds of the contract, there are basically three…
Q: A contract becomes binding for the parties to the contract only when it satisfies some essential…
A: A valid contract is enforceable by law and if a contract is not valid it may lead to obstruction of…
Q: Muslim trader should keep up his __________, _______and____________as these are considered as…
A: Islamic ethical behavior conveys people to be trustworthy, withholding promises and completing the…
Q: a. true or false It is not necessary to prove a contract to sell land by a writing when both…
A: Contract is said to be an agreement between two parties, agreed upon certain conditions, that is…
Q: It means that the term is vague and subject to multiple, reasonable interpretations
A: If a contract is fairly subject to more than one interpretation, it is deemed ambiguous. This can…
Q: An agreement made to sell a truck load of tomatoes, which was not in existence at the time of…
A: A contract is described as an agreement between two parties that have created obligations that are…
Q: Farmer grows and sells blueberries. Maine Wild Blueberry Co. agreed to buy all of Farmer’s crop for…
A: Contract It is a written or spoken arrangement, particularly one involving work, purchases, or…
Q: Albert has won two tickets in a raffle to see the latest movie at the cinema. The market price of a…
A: Market price is the current or the ongoing price at which a buyer purchases a product or service…
Q: Ali bought a piece of land from Ahmad below the market price that is RM10,000. Does this considered…
A: Consideration implies something in exchange, i.e. quid pro quo and it is a crucial factor in…
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- Deep South Imaging Inc., a US company enters into an agreement with Cortez Health Systems, a Mexican company. The agreement calls for Deep South to purchase 5 new MRI machines at a price of $20,000 each. The contract calls for delivery to Deep South's headquarters in Mobile, Alabama. The contract is silent as to risk of loss. When the goods arrive, Deep South is upset to see that two of the machines were damaged in transit. Deep South informs Cortez that it will not pay for the broken machines. If Cortez sues Deep South, it will likely A. Win, because the UCC requires deep south to pay pay for the goods B. Lose, because MRI machines are related to a service and therefore are not covered by the CISG C. Win, because damage to the goods does not give the buyer the right to not fulfill its payment obligations D.Non-compete agreements are typically held to be illegal in most states. True False1 A, agrees to deliver his old CTV for Rs. 30,000 to B, an electronic dealer, in exchange for new CTV and agrees to pay the difference in cash. Is it a valid contract of sale? What would be your answer if he exchanges old CTV against the new CTV and does not pay any money?
- Cherie is a keen squash player. She books one of the local Council’s courts for an hour and pays the hire fee of £20 online using the Council’s website. She receives a booking confirmation. When she turns up at the court to play, she is told by an employee of the council that there is not a court available. Cherie is very angry that she will not be able to play squash. Explain the following: What are the essential elements of a contract? Explain if they exist in this scenario. How does a breach of contract occur? Explain if there is a breach of contract in this scenario. What remedies are available for a breach of contract?43. When does the buyer obtain real right over the fruits of the determinate thing sold in a contract of sale? Group of answer choices From the moment of actual delivery of the fruits of the determinate thing sold From the moment of constructive delivery of the determinate thing sold From the moment of perfection of contract of sale From the moment of full payment of the priceLocate the doctrine in the UCC and describe “accommodation" in your own words. Be sure to provide a definition that is applicable in relation to the sale of goods and contracts. Now, apply the doctrine to the hypothetical below: You own Bo’s Garden Supplies and have used Mick’s Manure as a supplier for several years. Exchanging email, you and Mick agree that he will ship the usual 50 bags of manure around April 1st. On March 30th, he emails you to say that there was a shortage of full-size manure bags so 100 bags, totaling the same amount of manure, are on their way and will be there as of April. Is Mick in breach of contract? Why or why not? Please explain. What are your legal options?
- Give an example of a contract that is illegal in Florida but legal in some other states in the United States.As a seller, which of these contracts would you prefer? Which contract would ensure that you can maximize your profits and keep your costs as low as possible? Cost Reimbursable Time and Material Fixed priceClive who lives in Johannesburg agrees to buy a horse from Pretty who lives in Cape Town as Pretty is finding it too expensive to pay stable fees.The parties agree on the purchase price of R 500 000 to be paid on delivery of the horse on 30th December 2020. Whilst Clive is en route to Cape Town there is a vicious storm. Due to the loud thunder and lightning, the horse experiences severe shock from which it eventually dies. Identify the type of impossibility that applies to the above scenario.
- Benigno Buyer writes Francene Farmer a letter that states he is willing to purchase 1,000 pounds of apples at a price of $.50 per pound. A. How can Francene accept this contract? B. If Francene writes back stating, “Your terms are agreeable, provided you purchase a minimum of 1,200 pounds of apples.” What is the effect of Francene’s statement? Will it matter whether or not Benigno is also a merchant? C. Assume that the wholesale price of apples is $1 per pound at the time that the offer is made. If Francene accepts it, will she be likely to successfully assert a defense of unconscionably if she later refuses to honor the contract’s terms?BUSINESS LAW BUSS2422 Akram posted the offer letter on 2 October 2020 to Salam to sell his Honda City for RM50 000 to be accepted by 10 October 2020. On 4 October 2020 Akram posted another letter to revoke his proposal. The revocation letter reached Salam on 9 October 2020. On 8 October 2020, Salam posted his acceptance letter accepting the proposal. Based on the facts above: (a) Advise Salam as to his legal rights against Akram in relation to the agreement. (b) Explain if your answer would be different if Salam posted the letter of acceptance after the letter of revocation reached him. Support your answer with relevant statutory provisions of the Contracts Act 1950 and decided cases. Format: Times New Roman 12 1% spacing Front cover - Standard Format Number of pages - Minimum 3 pages, maximum 5 pagesArthur recently selected a broker to sell his house. Arthur and the broker are now in the process of finalizing the listing agreement. How should Arthur determine how much he should pay the broker as a commission? O The commission must be set to 6% of the sales price as dictated by FREC O The commission must be between 3-6% of the sales price as per NAR guidelines. ○ Arthur must negotiate with the broker until both parties agree to a commission. O A listing broker is not entitled to a commission.