13-2. Undue Influence. Juan is an elderly man who lives with his nephew, Samuel. Juan is totally dependent on Samuel's support. Samuel tells Juan that unless he transfers a tract of land he owns to Samuel for a price 35 percent below its market value, Samuel will no longer support and take care of him. Juan enters into the contract. Discuss fully whether Juan can set aside this contract. (See Voluntary
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
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- Bryson is the owner of a deferred annuity. His son, Calvin, is the annuitant, and his daughter, Isabelle, is the beneficiary. Which parties to this annuity can select the type and timing of annuitized income payments?(Search Chapter 3) a. Bryson b. Calvin c. Isabelle d. Bryson, Calvin, or IsabelleSteven, an accountant, returning from his office, calls into a pub for a relaxing drink. He bumps into Paul, an old school friend, whom he has not seen for many years. During the course of the conversation over a number of pints, it emerges that Paul has recently inherited a substantial sum of money and is interested in investing in local businesses. Steven mentions that one of his clients, Precarious Ltd, is seeking financial backing and would make an attractive investment. By chance, he has a copy of the company’s accounts in his briefcase which he gives to Paul. Relying on these accounts, Paul invests £10,000 in Precarious Ltd, but loses everything when Precarious goes into liquidation six months later. In fact, the accounts had been prepared negligently and did not reflect the parlous state of the company’s affairs. Advise Paul.Richard wants to sell his house, as is (meaning, "no warranties"). for $555,000. His neighbor, Chico. expresses interest in buying the house but wants time to think it over. Chico asks Richard to keep the offer open for five days. Richard gives Chico a written document, without a signature, that states, "Richard will not revoke the offer for five days." Three days later, Richard revokes the offer. Chico argues the offer was not revocable for another two days. Was the offer revocable? Yes, because there was not a valid option. No, because there was a valid option. Yes, because Chico did not sign the offer. O No. because there was a valid firm written offer. O Yes, because an offeror can always revoke.
- Alfred has been instructed to settle a property dispute between his client Greg and Greg’s neighbour Fatima. Greg is a pensioner who has been arguing with Fatima over their respective contributions to repairing the blocked drain which runs under both of their properties. The blockage is not affecting Fatima much, so she is reluctant to pay to have it rectified. Alfred attends a settlement negotiation at Fatima’s lawyer’s office in the CBD. Once discussions get underway, Alfred realises that Fatima’s solicitor (and apparently Fatima herself) is unaware of the fact that Greg’s beloved Leyland cypress tree has caused most of the damage to the shared drain. In fact the opposing solicitor begins her proposal: ‘Since the cause of the damage to the drain is unknown…,’ during which Alfred merely nods. Accordingly, a 50/50 split in the relevant payment for repairs is agreed, and a binding financial agreement is signed. Alfred initially considers this to be fair enough, since Greg is living on…In a written contract, Sheldon agreed to tutor the children of Mrs. Smith for a certain period of time. However, Sheldon, prior to starting classes, announced that he would not be able to tutor the children due to other commitments of his. In this case, there has been a(n): rescission. negligent breach. anticipatory breach. O malpractice.Mai enters into an agreement to sell an antique bedroom set to Alice for $200,000 because it is exquisite and unique. Madison offers to pay Mai $250,000 for the furniture. Mai calls Alice to cancel the contract. Is this a type of contract where usually contains a liquidated damages clause? Why or why not?
- Xavier purchased a condominium unit at Atmos Towers in January 2018 for P 3,000,000. In the agreement, Xavier will pay a 20% downpayment and thereafter pay a monthly installment fee of P 65,000 for 60 months. In June 2020, or after paying 29 monthly installments, Xavier failed to pay his obligations because his fast-food business went bankrupt due to the pandemic. (a) What are the rights of Xavier under the Maceda Law? (b) In the above case, how much is the cash surrender value that must be returned to Xavier in case he fails to pay after the grace period?Dorian breeds Scottish Fold kittens and informs Stevie that she is a cat breeder. Stevie says she is interested in purchasing one of her kittens. Dorian calls Stevie a month later and says Stevie’s kitten is ready for pickup and Stevie owes her $1,000. Stevie refuses, stating they did not have a valid contract. Dorian states they did have a valid contract. Who is correct?Quasi Contracts. Chad Parker owned an acre of property and a mobile home on that property. Hesold the mobile home to David and Allison Wilson for $1,000 and sold the property to them for$10,000. These agreements were made orally. No title or deed transfers took place. The Wilsonslived in the mobile home for seven years, making $11,228.19 of improvements to the structureand to the property. After a falling out between Chad and David, Chad had the Wilsons evictedand moved back into the mobile home. Because there was no written contract between theparties, could Chad therefore legally evict the Wilsons and legally move back into the mobilehome?
- Harry, Beatrice, and Mallory are neighbors. They each have young children, and the three of them - Harry, Beatrice, and Mallory - decide to build a waterslide for their children to enjoy. They also agree to split the cost of fixing the waterslide if anything happens to it. Eventually, the slide breaks, and it will cost $180 to repair it. Beatrice proposes that they buy a new slide for $300. Harry agrees and they purchase it without speaking to Mallory. For how much of the cost is Mallory responsible? Ⓒ$100 O $0 $60 O $180 Ⓒ$300Partnership Formation. Daniel is the owner of achain of shoe stores. He hires Rubya to be the manager of anew store, which is to open in Grand Rapids, Michigan. Daniel, by written contract, agrees to pay Rubya a monthly salaryand 20 percent of the profits. Without Daniel’s knowledge,Rubya represents himself to Classen as Daniel’s partner andshows Classen the agreement to share profits. Classen extendscredit to Rubya. Rubya defaults. Discuss whether Classen canhold Daniel liable as a partner. (See Partnerships.)The statute of frauds does NOT cover which of the following contracts? Bridgeby enters into a contract for the sale of her house. Ruelle and Randolph enter into a pre-nuptial agreement. O Quincy accepts Cleo's offer to buy from Cleo her couch for the price of $4,000. Jasper, the executor of the estate of Gabrielle's dead cousin, agrees with Gabrielle that Gabrielle will pay a debt of that estate: Gabrielle will inherit three-fourths of the estate, with the rest going to various charities. O For the price of $599. Millie enters into a contract with a merchant, Reesa, to buy from Reesa some wrenches with an estimated barter value of approximately $620.