Ali bought a piece of land from Ahmad below the market price that is RM10,000. Does this considered as sufficient consideration under the contract 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: 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: What is the difference between a shipment contract and a destination contract with reference to when…
A: Destination contract: Merchandise or items are belongings of the vendor till they are added to the…
Q: What is the most likely status of the contract for the scenario? Jena is contracting with Brigham…
A: Contract It is a written or spoken arrangement, particularly one involving work, purchases, or…
Q: What legal protections are in place to prevent the exploitation of individuals with limited capacity…
A: The legal protections in place to prevent the exploitation of individuals with limited capacity to…
Q: Thokgamo is the owner of an optometry practice in Maun. She agreed to purchase an eye testing…
A: THOKGAMO's chance to win the case. Contract Enforcement. Fundamentally, the general rule is that…
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: 1. According to the 1980 United Nations Convention on Contracts for the International Sale of Goods,…
A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…
Q: Ann lives in a state that has a 2 year statute of limitations and a 10 year statute of repose in…
A: Statue of Limitations and statue of repose are the laws of similar category but different in their…
Q: A fiduciary relationship is one based on trust and explicit or implicit contract that creates…
A: Law constitutes a system of rules and regulations which the country and their people has to follow…
Q: Hello! In the case study you referenced, John is trying to sell his bike, and Emily is willing to…
A: Binding Contract:It is any agreement that legally enforceable..In case of a binding contract if it…
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: What are the differences in the enforcement of contracts for MNEs in common law and civil law…
A: One of the most important parts of conducting business internationally is enforcing contracts, and…
Q: Sage and Daryl enter into a contract where Sage will make 10 items of jewelry per month, and Daryl…
A: (B) Unilateral Contract, In a unilateral contract, one party commits in exchange for the other's…
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: XMX Corp is a computer software company that wants to carry the newest Exilla browser. Exilla agrees…
A: Pure bundling does not give customers option to buy items separately. An item consists of several…
Q: Abby and Scotty enter into a contract that requires Abby to build an office building for Scotty. The…
A: Option (B) is improper. She failed to comply with a material contract agreement that required her to…
Q: LAND LAW QUESTION: Roberto enters into a contract of sale to purchase land in Geelong from Dilan.…
A: "The solution has been provided in a generalized manner."A contract of sale of land is a legally…
Q: Tying contracts, which is prohibited under the Clayton Act, refers to the situation where a producer…
A: In the realm of antitrust law, particularly under the provisions of the Clayton Act, certain…
Q: How can parties protect their intellectual property rights in contracts, and what are the…
A: This is a discussion about how parties can protect their intellectual property rights in contracts,…
Q: Provide reaction on discussion below if you agree or disgaree:
A: The enforceability of limitations of liability within contractual agreements is a pivotal aspect of…
Q: Three cases have been presented to your law office. In each case, your client believes the other…
A: Law plays an integral role in making the judgements related to complex situations. It helps in…
Q: A buyer bought a property without telling the seller or broker of his intended purpose for the…
A: The objective of the question is to determine the status of the contract in a situation where a…
Q: void, voidable
A: Void Contract-Indian Contract act 1872, which states that contracts or agreement that are not…
Q: What is a management Contract? Discuss the process how a corporation enters into a management…
A: A management contract is an agreement between a corporation and a third-party management company…
Q: Akram posted the offer letter on 2 October 2020 to Salam to sell his Honda City for RM50 000 to be…
A: The case involving Akram and Salam unfolds a narrative in the realm of contract law, where the…
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: 6. Why are restrictive covenant clauses controversial? They are controversial because they allow…
A: HERE, restrictive covenant clause is controversial due to the specific reason that is,
Q: Contracts are meant to be broken. What happens when you breach a contract? Find a case and explain…
A: Contracts are written agreements that specify the terms and circumstances of a business relationship…
Q: Mohammed wants to sell his bike and he gives an advertisement. In the advertisement it is mentioned…
A: Contract It is a written or spoken arrangement, particularly one involving work, purchases, or…
Q: What is the main difference between contracts discharged due to operation of law and contracts…
A: The objective of the question is to understand the key differences between contracts discharged due…
Q: A unilateral contract is a type of contrast in which each party plays two roles: a promisor and a…
A: “Since you have asked multiple questions, we will solve the first question for you. If you…
Q: James is looking to enter into a listing contract with Mary to sell her house. The two are trying to…
A: The objective of the question is to identify the type of listing contract that offers the least…
Q: Shawn buys 50 widgets at a store closing sale. He buys the widgets intending to use them around the…
A: United Nations Convention on Contracts for the International Sale of goods(CISG) known as Vienna…
Q: In relation to Consideration select the CORRECT statement: Select one: To be valid, the agreed price…
A: A negotiated exchange in which there is a lawful element to the promisor or lawful advantage to the…
Q: Natalie believes her cell phone company has been charging her exccesive fees under her cell phone…
A: In the provided statement :
Q: The following situations generally require a contract to be in writing: • sales of land • purchases…
A: In the realm of contract law, certain agreements must be in writing to be legally enforceable. This…
Q: 1. Provide a bibliography for the following citations below. a. CONTRACTS: BASIC PRINCIPLES.…
A: In this answer, I provided a bibliography and a brief description of three citations related to…
Q: Which of the following is true of a severable contract? Multiple Choice It must be enforced or…
A: A contract refers to the legal agreement between the two parties to perform of not to perform…
Students must be able to identify the basis of a valid contract and its implications.
Students must be able to apply the legal principles in solving relevant problems.
1. Ali bought a piece of land from Ahmad below the market price that is RM10,000. Does this considered as sufficient consideration under the contract law?
Step by step
Solved in 2 steps
- A longtime client, Salim Ali, recently entered into a new venture involving his ownership and operation of a small 20-room motel and café’ located in an area of Al-Qurum-Muscat heavily visited by tourists. He needs your advice. Salim hired a young couple to run the motel and café’ on a day-to-day basis and plans to pay them a m0nthly salary. They will live for free in a small apartment behind the motel office and will be in charge of the daily operations of the motel and café’. The couple will be responsible for hiring and supervising the four or five part-time personnel who will help with cleaning the rooms, cooking, and waiting customers in the café’.etc. the couple will also maintain records of rooms rented, meals serviced, and payments received (which can be in cash, checks, or credit cards). They will make weekly deposits of the business proceeds at the local bank. As the time approaches for the business to open, Salim is concerned that he will have a little control over the…Samantha signs a contract to buy a brand-new unit in Kogarah. The contract is subject to an extended settlement period of 120 days. Samantha, through her solicitor, transfers the 10% deposit to the vendor’s solicitor and then speaks with her mortgage broker about obtaining a loan. While all this is going on, Samantha sells her own unit in Oatley. She intends to use the money realised from the sale of the Oatley unit to pay the balance of the purchase price of the Kogarah unit. A problem arises when Samantha’s unit does not sell by the expected date. Samantha needed to secure short-term finance at an almost exorbitant interest rate just so she can buy the Kogarah unit. Samantha consults her solicitor, who advises her that she can sue the buyer of her Oatley unit for breach of contract and ask for damages including the additional interest charges she incurred. Is Samantha’s solicitor correct? Explain plsMike's Landscaping Inc. enters into an oral contract with the Padres to keep the infield in top condition for the next five years. Six months into the contract the Padres fire Mike. What will happen in a breach of contract suit filed by Mike? Mike will lose because the contract was not in writing Mike will win because he was never late and his work was first rate. O The Padres will lose Mike will win and be awarded the profit he would have made had the contract been performed.
- Discuss what is intoxication in law ? How can an person avoid a contract entered into under intoxication? a) Discuss in detail the following relevant case law on this matter and discuss in detail. Discuss the outcomes in this case. Gore v. Gibson 13M b) What is Frustration in law? Critically discuss. Discuss in detail the following relevant case law on this matter and discuss in detail. Discuss the outcomes in this case. Taylor v. Caldwell (1863)explain the following terms in your own words and understanding and give specific examples. - Obligations - Contracts - Law - Quasi-Contracts - Quasi-DelictsA client is transferring their estate to their daughter. They aren't charging their daughter any money for the estate (what a deal!) and are unsure what to put in the deed as consideration. You advise them that consideration: must be equal to the appraised value of the property can be "love and affection," and will be conveyed using a gift deed must be explicitly specified, down to the penny, on the deed must be money, but doesn't have to be a lot of money
- A broker enters into a listing contract with a seller. The broker markets the property for several weeks and receives four offers. The seller selects the highest bid and ultimately closes on the property. However, the seller refuses to pay the broker their commission. What happens next? The broker can negotiate a smaller commission with the seller. О The broker can take legal action against the seller to obtain the commission owed to them since they successfully found a buyer for the property. О The broker can force the buyer to pay the commission. The broker cannot do anything as a commission in this case is only optional.Sportswear manufacturers, Caribbean Premium Sportwear (CPS), signed a contract with a top Trinidadian footballer in terms of which they would pay him a substantial amount of money to wear only their brand of clothing, which they promised to provide to him free of charge. The contract does not specify the date of delivery. Answer the following questions based on the above facts: A. Two months after entering into the contract CPS has not yet delivered the clothing. Have they breached the contract? Explain in full. B. In the event of CPS being in breach of contract, advise the footballer as to the legal remedies available to him, with specific emphasis on what he has to prove in order to succeed in his claim.Tom decided to sell his old house, and purchase a new house that is closer to his work. He put his old house on the market, and after eight months he received an offer from Jennifer. After a short negotiating process, Tom agreed on the selling price. However, because he has not purchased a new home yet, he decided to postpone the closing sale for another five months. Jennifer was not happy with Tom’s decision because of the inconvenience of having to wait that long, and the challenges of getting a bank to guarantee an interest rate for a loan that is so far in advance. To easer Jennifer’s concerns, Tom adjusted the price so Jennifer would agree with the postponement. She agreed on the adjusted price but she would have preferred to close the deal sooner rather than later. Two months later, Tom found a home that met his requirements. The seller of the house, Lisa, set the asking price at $250,000, which was $20,000 above what Tom hoped to pay but $10,000 below the most he would be…
- Which of the following types of contract does not require consideration to be given? A simple contract. A bilateral contract. A formal contract. O A unilateral contract.If a minor purchase a $150.00 pair of designer blue jeans the merchant may be unable to enforce this contract because: a) the jeans were a necessity. b) clothes are a statutory contract. c) designer jeans are a luxury. d) only emancipated minors wear jeans. 2. An adult who intentionally drinks so much liquor as to have their judgment impaired will a) easily defeat a contract they entered in to while drunk b) have no chance of winning under any circumstances. c) probably lose, voluntary intoxication is usually a poor defense. 3. Which of the following must a person possess to have contractual capacity? a) Comprehend the nature of the Contract b) Comprehend the purpose of the Contract c) Comprehend the consequences of the Contract d) All of the above are requiredDiscuss why the concepts of contractual impossibility and frustration of purpose exist. Include an examination of how these concepts help ensure fairness to all parties. Also, what are the drawbacks to these concepts?