Delegation relieves the delegator of liability to perform the contract. Select one: True False
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: Define the term contract and list all the essentials of a valid contract.
A: Definition. An understanding between private gatherings making shared commitments enforceable by…
Q: If the third person is prevented from fixing the price by fault of the seller or buyer, the party…
A: a. True So there's an agreement to sell product here on aspects that currently the cost is added to…
Q: 17. Elizabeth Ellis sells a business asset for $10,000. Assume that Elizabeth has owned the asset…
A: Depreciation is reduction in the value of the assets from its original value. It is the accounting…
Q: A breach of contract occurs when either party violates the agreed upon promise. True False
A: A contract is nothing but a legally binding agreement that describes and administer the…
Q: Impossibilty of performance is , as a rule not an excuse for non - performance of a contract .…
A: The general rule in contract law is that impossibility of performance is not an excuse for…
Q: 4. Anderson, a farmer, orally agreed to buy a used tractor from the Copeland Equipment Company for…
A: A quasi contract is a legal obligation—not a traditional contract—which is decided by a judge for…
Q: a) With the aid of an example or illustration, distinguish between TWO (2) of the following pairs…
A: (a) Distinguishing Between Terms 1. Sale and Agreement to Sell Sale:A sale is a legally binding…
Q: distinguish fraud in the performance of a preexisting obligation from fraud in the perfection of a…
A: The realm of contractual agreements in legal frameworks is underpinned by principles that govern the…
Q: explain who might breach a contract because of malpractice
A: A contract is an agreement between two or more persons and that is enforceable in law. It has an…
Q: Forest Running Shoes, a sneaker store, orders three hundred pair of running shoes from Mercury…
A: The concept of "identification" is crucial in the context of a sale of goods. Identification refers…
Q: The offer can be terminated for all of the following reason except
A: An offer is a conditional proposal made by a buyer or seller to buy or sell an asset, which becomes…
Q: Assume that Elkins contracted to build an addition to Cromwell’s plant producing cruise missiles…
A: Elkins won't be in an exceedingly well position to complain concerning the problem, once the…
Q: The UCC often creates contractual liability in situations where no contract would have resulted at…
A: The Uniform Commercial Code (UCC) is a set of laws in the United States that govern commercial…
Q: f a person is not obliged principally or subsidiarily under a contract, would it be possible, for…
A: A contract is a document that binds two parties, institutions or organizations through a legal…
Q: and
A: It is a question of contract/ business law and contract law refers to an agreement between 2 or more…
Q: Al, the owner of Fitness Corp., a manufacturer of gym equipment, calls Bob, the owner of Bob's Gym.…
A: The contract law provides all contracting parties the right to terminate a contract if there has…
Q: Prevents the company from denying a claim after the policy has been in force for 2 years
A: Incontestibility clause is a clause to protect the policy holder in such cases where the policy…
Q: elivering cash or another financial asset.
A: Answer is - B
Q: The “part performance doctrine” permits a buyer to enforce an oral contract for the sale of land.…
A: A contract for the sale of land can be defined as an agreement between the seller or owner of the…
Q: Give any one exception to agreement in restraint of legal proceedings. Explain too.
A: The process of using the legal system to settle disputes or uphold rights is referred to as a legal…
Q: Which of the following is false with regard to shipping contracts and destination contracts: A. A…
A: The area of law known as contract law oversees the formulation, interpretation, and upholding of…
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: Kindly explain the following for remedies for breach of contract 1.Damages 2.0rder of payment…
A: Remedies for breach of contract can be defined as the element that helps in obtaining damages for…
Q: xplain the legal concept of a contract of adhesion and how it is treated under the law.
A: One party has much more negotiating power than the other in a contract of adhesion and offers a…
Q: A voidable contract Multiple Choice O O O Allows the parties to enforce it if they wish Does not…
A: Contracts are legally binding agreements that require the consent of all parties involved. However,…
Q: Which of the following would be considered a breach of contract? acceptance of nonconforming goods…
A: A breach of a contract refers to a condition in which either of the party refuses to perform there…
Q: The lawyers of Leo's estate put an auction ad in the local newspaper asking "without reserve" bids…
A: Without Reserve: In an auction "without reserve," the seller (the estate of Leo) agrees to sell the…
Q: In Melodee Lane Lingerie Co. v. ADT Co., the service contract's limitation of liability clause was…
A: A limitation of liability clause is a contractual term that restricts the amount of money or damages…
Q: An offer can be defined as an intimation of words and conduct, with a desire to enter into a binding…
A: Carlill v Carbolic Smoke Ball Company is a seminal decision in contract law concerning the…
Q: Insufficiency of consideration is immaterial; but agreement without consideration is void. Discuss .
A: The legal framework governing the enforceable agreements between two or more parties is known as the…
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: In exchange for $400,000. Clarissa offers to recreate a scene from the musical, "Annic," in business…
A: Legal principles, which are derived from legislation, cases, and ethical foundations, are the…
Q: Even if a right is transmissible if the parties to a contract agree that it is not transmissible.
A: Contracts are legally binding agreements between two or more parties, outlining the terms and…
Q: 1.An entity shall offset an asset relating to one plan against a liability relating to another plan…
A: An entity shall offset an asset relating to one plan against a liability relating to another plan…
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: Performance (fulfillment of purpose), expiration, destruction or condemnation, death,…
A: The question is asking about the types of agency termination and the reasons behind them. Agency…
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: This is the "meeting of the minds" required for a valid contract. It can be destroyed by fraud,…
A: Business law is the aspect of the law that redescribes the rules, regulations, and laws that are…
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: Problem Solving 2. Lyle forges Kim's name as a maker of a promissory note. The note is made payable…
A: Law plays an integral role in making the judgments related to complex situations. It helps in…
Q: Spritz signs a contract that says that she will paint a mural of her friend Hecuba in exchange for…
A: In this scenario, Spritz signs a contract to paint a mural of her friend Hecuba in exchange for…
Q: The contract of sale is an onerous contract. a. True b. False
A: In many countries all-inclusive, where international regulators have decided that such contracts…
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