A letter of acceptance sufficiently stamped and duly addressed is put into course of transmission. There is a. a contract voidable at the option of acceptor b. a contract voidable at the option of offerer, c. no contract at all, d. a valid contract
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A letter of acceptance sufficiently stamped and duly addressed is put into course of transmission. There is
a contract voidable at the option of acceptor
a contract voidable at the option of offerer,
no contract at all,
a valid contract
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Solved in 4 steps
- OweA unilateral mistake occurs when a. both contracting parties share the same mistake. b. one party enters a contract under a mistaken assumption. c. one party makes a factually incorrect statement. d. one party makes false statementsto induce the other party to contract while knowing the words are false or being uncertain that they are true.Which of the following statements is TRUE about an ultra vires transaction?Group of answer choices Its effect has been reduced under the Companies Act since it is no longer deemed an invalid transaction. Under common law, the transaction could be ratified by the company. Members, debenture holders (or their trustees) of the company cannot take an action to restrain such transactions under the Companies Act. Under common law, it was a voidable transaction hence the company could decide whether to continue with the transaction or not.
- If a loan shark promises you $500 if you will rough up one of his nonpaying customers to encourage prompt repayment, what sort of contract is this? a.Valid b.Void c.Voidable d.EnforceableOffer, acceptance, and consideration are necessary elements of A a warranty a representation a contract insurable interest B. Dafter a salesperson inspected a property and completed a brokerage engagement, the seller examined and signed that contract. And Georgia, if the salesperson sponsoring broker had mentioned in the salesperson written affiliation agreement that the salesperson could sign a listing agreement as the agent, because this person legally have done so? Yes, because the seller had already examined and signed the contract Yes, because the salesperson was the agent of the broker No, unless the salesperson had completed all the education courses required of a broker No, because a sponsoring broker was the sellers agent
- A contract has become more difficult of performance due to some un-contemplated events or delays .The contract Question 11Answer a. becomes voidable. b. is discharged c. becomes void d. is not dischargedWhat is the test for whether a term is a condition? pick one answer from the following: The parties have described the term as a 'condition' or 'essential'. The promisee would not have entered the contract unless assured of strict or substantial performance of the relevant promise. Whether the term provides that performance of the contract is conditional on a contingency being fulfilled, such as finance being obtained, or development consent being granted. It was apparent to the promisor that the promisee would not have entered the contract unless assured of strict or substantial performance of the relevant promise.Clay and Roan are negotiating the sale of Clay's car to Roan. Roan tells Clay he needs a little time to consider the last offer Clay made. A week later, Roan emails Clay, "I accept your offer." Clay and Roan a. have a valid contract because Clay did not specify the method of acceptance and accepting via email a week later is reasonable. b. do not have a valid contract because accepting a week later is an unreasonable lapse of time. c. do not have a valid contract because accepting via email is an unreasonable manner of acceptance. d. have a valid contract because they were in the middle of negotiations.
- Why is past consideration no consideration at all? The adequacy of past consideration is difficult to determine. Past consideration is considered to be illusory. Past consideration may involve parties who are not involved in the current contract. Past consideration was provided before the current contract was made, and the current contract requires a benefit that has not yet been conferred.Describe the requirements of a valid contract. If a contract is written unclearly, what happens? Please provide examples to illustrate your points.(12) The agreement which caused by fraud, coercion and misrepresentation is called..... a) Void b) Voidable c) Partially void