A contract in which both parties exchange a promise is: Group of answer choices a.bilateral b.implied c.unilateral d.express
Q: and does not pay any money?
A: As per the valid contract of sale it is a special type of contract that is supposed to be valid.…
Q: Emilio's Italian Restaurant enters into a contract with Vino winery wherein Emilio's agrees to…
A: (A) This is the incorrect choice. The omission of a precise number word does not automatically…
Q: Michael, who is a new immigrant in Canada, borrowed money to a lending company, AB Finance Ltd. In…
A: The objective of the question is to determine whether the annual interest rate of 65% stipulated in…
Q: Can Blake withdraw his offer to buy Harry’s boat
A: If an agreement has happened orally without any evidence set aside then it is not enforceable by law…
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: Given that one goal of a contract is to avoid litigation, which of the following can be useful to…
A: A legally binding agreement outlining the terms and circumstances of a specific transaction or…
Q: Hamid signs a contract with a tour company that reads as follows: Fun Times Travel will provide…
A: From the above case study is very clear that No , Hamid can not give confirmations since he doesn't…
Q: Which of the following is NOT an element of a checklist to determine if a contract has been formed…
A: A contract is a legally enforceable agreement that establishes the rights and obligations of two or…
Q: Which of the following is the first element of a contract? Multiple Choice An agreement Forbearance…
A: Contracts are legally binding agreements that establish the rights and obligations between parties.…
Q: Courts sometimes step in to protect contracting parties from the consequences of poor negotiation or…
A: A contractual bargain is an agreement between two or more parties that creates legally enforceable…
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: Tyree and Stella enter into a contract requiring Tyree to pay Stella $500 per month on the first of…
A: A violation of a contract that fundamentally violates the terms of the agreement and is large enough…
Q: In which type of Contract is there a "lack of meeting of the minds?" a) Bilateral b)…
A: Note: According to our instructions, only three questions can be answered at a time. Meeting of the…
Q: With respect to employment contracts, the term "obsolescence" refers to a contract that: fails to…
A: the term "obsolescence" in the context of employment contracts refers to:(2) no longer reflects the…
Q: Which of the following is correct about implied and express contracts? Implied contracts can be…
A: Contract law effectively establishes the process of agreement development, implementation, and…
Q: Which of the following contracts do not need to be in writing? OO Contracts that cannot by their…
A: A.State regulations typically mandate that some agreements, such as contracts, be in writing in…
Q: Delegation relieves the delegator of liability to perform the contract. Select one: True False
A: Transferring power, responsibility, and responsibilities from one person to another is referred to…
Q: A contract forms when one person makes an offer, and another person accepts it by communicating…
A: The Concept of an OfferAn offer is a clear, unequivocal statement of the terms on which the offeror…
Q: An offer can be defined as an intimation of words and conduct, with a desire to enter into a binding…
A: Contract law plays a fundamental role in regulating business transactions and ensuring the…
Q: List the three requirements that a mistaken party has to prove in order to claim that the contract…
A: The business contract tells about the legally binding relationship between two business entities.…
Q: The post-settlement settlement strategy: Allows negotiators to explore other options that both…
A: A negotiation tactic used to enhance the conditions of an existing settlement is known as a…
Q: A contract is a written, spoken or tacit (understood) agreement between two or more people, which is…
A: Agreements refer to the act of agreeing to something. An agreement refers to a promise or set of…
Q: enigno Buyer writes Francene Farmer a letter that states he is willing to purchase 1,000 pounds of…
A: In what concerns contract law, the offer and acceptance are the magnis in the inquiry and formation…
Q: n 2010, X and B agreed that they will pretend that they will enter into a contract of sale so that X…
A: ANSWER : Relative simulation: For this situation, the parties appear to settle for a contract…
Q: An offer can be defined as an intimation of words and conduct, with a desire to enter into a binding…
A: A contract is defined as the process of making an offer, and acceptance of that offer by another…
Q: 1. Which of the following describes when a person does not understand that a contract is being made…
A: A contract is a legitimately obligatory agreement that establishes and directs the rights and…
Q: (1) In "Promissory note" and a “bill of exchange" how many parties involved? a) Two parties to a…
A: A promissory note is a legal document that outlines a borrower's promise to repay a specific amount…
Q: An offer can be defined as an intimation of words and conduct, with a desire to enter into a binding…
A: The following discussion critically examines the statement that suggests the necessity for an offer…
Q: An intoxicated person who enters into a contract without appreciating the rights and duties which…
A: Contract defines a mutual agreement which states about a promise which both parties have agreed to…
Q: Sue Flay's Cakery promises to pay Oscar Ruitt not to park in a city-designated no-parking zone in…
A: In the given scenario, Sue Flay's Cakery offers to pay Oscar Ruitt not to park in a city-designated…
Q: An offer can be defined as an intimation of words and conduct, with a desire to enter into a binding…
A: In contract law, the idea of an offer is crucial. It lays the groundwork for a legally enforceable…
Q: inserted a picture
A: Due to the statute of fraud, some kinds of contracts must be in writing to be enforceable. Many…
Q: Jeff says to Brenda, “I offer to sell you my PC for $900.” Brenda replies, “If you do not hear…
A: Contract law deals with agreements amongst private parties creating mutual obligations between them,…
Q: Jim offered to buy James’s Porsche motor vehicle. Jim gave James 2 weeks for an answer. Two days…
A: INTRODUCTION The exchange of information between two or more parties or persons is known as…
Q: An offer can be defined as an intimation of words and conduct, with a desire to enter into a…
A: Contract law has a rich history dating back centuries, evolving as societies developed trade and…
Q: Bill offers to sell his car to Tom for $9,000. Tom replies, “Your price is too high! I will offer to…
A: In the given situation, when Tom offers to buy Bill’s car for $8000 when the original offer of Bill…
Q: A contract is a. an agreement plus a legal obligation b. consensus ad idem, c. agreement plus a…
A: The foundation of civil law lies in a comprehensive and structured set of laws that are written down…
Q: )Unlike an arbitrator, a mediator has the power to make a final decision. true or false
A: Mediation is the process by which the parties who are in-contract somehow try to resolve the dispute…
Q: Which of the It is determined with reference to what is usual busine It is the sole determinant of a…
A: The authority that a person acquires to carry out the responsibilities shouldered to him, within the…
Q: Conditions of Contract define the basic rights, responsibilities and relationships of the parties…
A: The basic rights, responsibilities, and relationships of the parties involved in the construction…
Q: The statute of limitations in Texas is a.four years for a written contract. b.four years for an…
A: Statutes of limitations set a cut-off for indicting certain wrongdoings. The criminal allegations…
Q: The four agree to a formula under which they will price the shares pursuant to granting each other…
A: The objective of the question is to identify the type of restriction on transfer that is being…
Q: Select the statement that describes how bilateral and unilateral contracts are alike and different.…
A: The objective of the question is to identify the correct statement that accurately describes the…
Q: What is the term for a minor choosing to proceed with the contract and the term for a minor choosing…
A: Disaffirmance refers to a legal term that states the right for one party to reject a contract. So as…
Trending now
This is a popular solution!
Step by step
Solved in 3 steps