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1. Identify a couple of alternative dispute resolutions business may use to settle their disputes? Why would this be better than litigation?
2. What is something of legally sufficient value? Briefly explain.
3.What are the four basic requirements of a contract? Write at least one sentence per requirement.
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- Given that one goal of a contract is to avoid litigation, which of the following can be useful to define within the contract? a. What severability is b. What a breach is c. What specific performance is d. What integration is1. List the 4 parts of a contract. 2. Please put in your own words…What is the Objective Theory of Contracts? 3. Make up an example of the Objective Theory of Contracts so that I know you understand the concept. 4. If you are missing one of the 4 parts of a contract, the contract is __________.Aubrianna is about to sign a contract. What should she, at the very least, read carefully before signing? a. The choice of law clause, choice of forum clause, and arbitration clause b. The integration and severability clause as well as any vague terms c. The integration and severability clause as well as any ambiguous terms d. The names of the parties, dates, dollar amount, and interest rates
- Which of the following remedies may be provided for in a contract? Question 6Answer a. liquidated damages, deposits, down payments b. rescission, specific performance, injunction c. all of the above d. none of the aboveA. Does a contract have to be in writing? B. List three types of terms in a contract. C. Distinguish terms in a contract from a representation.Give typed explanation not a single word hand written otherwise leave it 49. Which of the following is an example of a void contract? Missy orally agrees to lease Bob's house for $950 a month. Jamal, who is 15, agrees to buy a stereo from Stereo World for $5,000. Kallie agrees in writing to pay Will $400,000 to mug her uncle. Roberto orally agrees to buy Jim's art collection for $150,000.
- Which of the following is not one of the types of contractual Capacity that can make a contract voidable? Select one: O a. minor O b. mental competency O C. intoxication O d. serious intentAn anti-modification clause: O a) prevents the terms of a contract from being changed by repeated waivers of breaches. O b) prevents evidence of prior or contemporaneous agreements which conflict or add to the terms of a written contract. O c) specifies the amount of damages in the event of a contractual breach and states that such damages cannot be modified or changed. O d) is necessary in a writing to satisfy the statute of frauds.1. Which of the following describes when a person does not understand that a contract is being made or does not understand its general nature due to a mental condition caused by medication, drugs, alcohol, illness, or age. Factual incapacity Status incapacity Infactual incapacity Illegal incapacity 2. It’s possible the validity of a contract may be affected if one or both parties made a mistake. True False 3. Which of the following is not a problem area in determining whether the parties to a contract have genuinely agreed to be bound by the terms: Lack of contractual capacity Deception Pressure Privity of contract Mistake
- 32. Smith Construction Inc. is thinking about offering a QSEHRA that will provide each of its 25 full-time employees with a $3,000 annual benefit. Smith Construction plans to fund the entire benefit and will also give its employees the option of participating in a group health plan it sponsors. Why will Smith Construction's proposal not meet the requirements to be considered a QSEHRA? oa. Smith Construction cannot fund the arrangement. ob. Smith Construction cannot offer both a QSEHRA and a group health plan. OC. Smith Construction exceeds the employee limit. Od. The annual benefit exceeds the threshold limits. W1. Provide a bibliography for the following citations below. a. CONTRACTS: BASIC PRINCIPLES. (n.d.). https://www.shsu.edu/klett/CONTRACTS%20BASIC%20PRINCIPLES%20ch%2010%20new.htm b. Martella, M. H., Esq. (n.d.). ELEMENTS OF A CONTRACT | Law 101: Fundamentals of the Law. https://courses.lumenlearning.com/suny-monroe-law101/chapter/elements-of-a-contract/ c. Boots v royal pharmaceutical society. (n.d.). https://groupecomes.com/amadeus-broadway-goaaxfw/boots-v-royal-pharmaceutical-society-2f0a8f22. What is a W2: 23. What is a 1099: If I want someone to complete a job under a contract, then I would ask the court for an equitable remedy, and that would require 24. from the breaching party. damages are awarded when someone has acted very very 25. badly and the court wants to send a message stating that kind of behavior won't be tolerated. 26. Actual r over an employee but does not have Emegency of an independent contractor. And independent contractor's work is usually An employer.may be liable for the acts of her employee under the theory of Respendeat Superior so long as the employee was frolic 27. based. 28. when the act occurred.