a reporting script about Article 1322 to article 1326 of Chapter 2 - Essential Requisites of Contracts ( A Philippine Business Law )
Q: Every transaction in business creates a contract (agreement) between the parties. To determine…
A: A contract is an arrangement that establishes a legal obligation or liability between two or more…
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: Consideration can be defined as “something of value in the eyes of the law”, but consideration is…
A: A promise, an act, a forbearance, or anything of value that is exchanged between parties to a…
Q: What is the difference between a contract of sale and a contract to sell?
A: A contract is a file that legally joins the parties to conformity to perform mutual obligations.
Q: The Statute of Frauds governs contracts of a certain nature. Give me the history behind the Statute…
A: The Statute of Frauds was approved by an article of the Parliament of England for the prevention of…
Q: Critically evaluate the rules applied in respect to adopting new Articles of Association or…
A: Articles of Association is an important article for the company that states the rules, regulations…
Q: Regarding legality, the first right granted to minors in contract law cases is the right to…
A: Navigating the complexities of contract law, especially concerning minors, requires a clear and…
Q: What is contract? Discuss the essential of a valid contract?
A: Contracts are an integral part of business and personal transactions, as they provide a legally…
Q: 1. List the 4 parts of a contract. 2. Please put in your own words…What is the Objective…
A: Contract law is a branch of civil law that deals with the creation and enforcement of agreements…
Q: What happens when homeowners owe more to subcontractors than the total price they were to pay the…
A: Subcontractors are independent businesses or persons hired by a general or primary contractor to…
Q: Courts generally consider advertisements to be a: • Negotiation • Contract • Promise • Offer
A: In simple terms, advertisements are like friendly invitations from businesses to the public. They're…
Q: what is the importance of contracting in a business? Identify the three main elements necessary in…
A: Contract is a binding agreement between two or more parties who sign it.
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: What are covenants not to compete? How do courts decide on the legality of these covenants?
A: In general, a covenant is a binding agreement or promise between two or more parties. The term is…
Q: What happens when a party with the right to avoid a contract chooses to not avoid it? a. The…
A: Contracts are legally binding agreements between two or more parties, and they define the terms and…
Q: Contractual disputes could be time-consuming, expensive and difficult. They can damage…
A: A contractual dispute arises when one or more parties involved in a contract disagree on the…
Q: 1657739 Florida law requires an entity to obtain what document from the Office of Insurance…
A: The question is asking about the document that an entity needs to obtain from the Office of…
Q: Contracts are very important in today’s world. The courts use the Objective Theory of Contracts to…
A: I agree with the statement that the Objective Theory of Contracts can be too narrow and that the…
Q: Analyze the circumstances in which a contract of service may be broken by either party of an…
A: In the realm of employment relationships, the termination of a contract of service can occur for…
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: RIBO By-law No. 20 outlines the requirements relating to the application for a certificate of…
A: Note: As per bartleby guidelines in case multiple questions are asked by the students then the time…
a reporting script about Article 1322 to article 1326 of Chapter 2 - Essential Requisites of Contracts ( A Philippine Business Law )
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- Can you please explain the following section, it is talking about Hong Kong Tax, Special Business, Financial Instituition Profit Tax Computaion. Can you lease explain the following paragraph in a simlier way and with simple example. S.15(1)(i) ◦ sums, not otherwise chargeable to tax under this Part (i.e. not chargeable under s.14), received by or accrued to a financial institution by way of interest which arises through or from the carrying on by the financial institution of its business in Hong Kong, notwithstanding that the moneys in respect of which the interest is received or accrues are made available outside Hong Kong ◦ Contrast to s.14: arising in or derived from HK What does “arises through or from” mean? ◦ Loan interest income is deemed taxable even though the loan is made available outside Hong Kong?which of the following is considered an Unfair Trade Practice under Florida law? A) Abandonment B) Coercion C) Consequential Damage D) WaiverDescribe how and why businesses must factor in the legal environment when operating a business. Are contracts important and if so, why?
- Both public and private law derive from statutory law. Choose one: True or FalseConditions precedent Multiple Choice Render a contract frustrated Render a contract void at the option of the injured party Must occur before a contract can be cancelled Must occur before a contract is enforceable Render a contract void immediatelyWhat is the main difference between contracts discharged due to operation of law and contracts discharged due to acts of the parties? Discharge due to acts of the parties never requires court intervention, whereas discharge due to operation of law always does. Discharge due to operation of law reflects at least one party's intent, whereas discharge due to acts of the parties doesn't necessarily reflect either party's intent. Discharge due to acts of the parties is legally binding, whereas discharge due to operation of law is not. Discharge due to operation of law doesn't necessarily reflect either party's intent, whereas discharge due to acts of the parties reflects at least one party's intent. 11 XIR Submit > 17
- James is looking to enter into a listing contract with Mary to sell her house. The two are trying to come to an agreement on what type of listing contract to use. What type of listing contract will offer James the least amount of protection? O An open listing agreement since it is a unilateral contract. O An exclusive Right to Sell agreement since it is a bilateral contract. O An Exclusive Agency agreement since the owner can still find a buyer themselves O An Exclusive Agency agreement since it is a unilateral contract.A 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.Analyze how each side interprets the meaning of this contract clause. Whose position is more persuasive? Why? In 1947, Congress passed the Portal-to-Portal Act (a “portal is a doorway). This law said that an employer is not liable to pay workers for the time they spend traveling to work (e.g. an hour-long commute). It also excludes from compensable time, “activities which are preliminary to or postliminary to the principle activity or activities that an employee is employed to perform, which occur either prior to the time on any particular workday at which such employee commences, or subsequent to the time on any particular workday at which he ceases, such principle activity or activities.
- BUSiness law- What are some common exceptions to the doctrine of caveat emptor in consumer transactionsA. 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.after 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