Discuss the cases in which the Doctrine of Caveat of Emptor do not apply.
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: Under a Commercial General Lability policy, which of the folkwing actions is an obligation of the…
A: The question is asking about the obligations of a lessee under a Commercial General Liability (CGL)…
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: In Oliver V. Brock, what factors did the court consider most significant in determining whether Dr.…
A: According to one of the treating physicians, he phoned the defendant physician regarding "another of…
Q: S sold his house to B with a right of repurchase. Has B the obligation to respect the lease after…
A: Right of repurchase/redemption: A contractual right that allows a seller to repurchase or redeem the…
Q: Describe how the second contravention makes out the principal claim
A: Mr Clark Kent, the director of Superman Limited, has been accused of engaging in false and deceptive…
Q: Betty has agreed to sell her boat to Angela for $9,750. However, when Angela goes to Betty's house…
A: Breach of contract is a result of failure to ensure that the promises made in the contract are…
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: which type of deed provides a gurantee by the grantor that the grantor did not place any clouds of…
A: A "General Warranty Deed" is a document where the person selling the property promises that they own…
Q: 2. The company's objects stated that it was to carry on a business as gown makers but the business…
A: Business law can be defined as the law that only governs the business of any type and also the…
Q: and
A: It is a question of contract/ business law and contract law refers to an agreement between 2 or more…
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: 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: Under the frustration of purpose doctrine, performance is excused when: Group of answer choices 1.…
A: The frustration of purpose occurs when an unforeseen event undermines a party's principal purpose…
Q: Mike signed a contract on behalf of The Broke Girls Cantee Ltd. with a local farmer, Mr. McDonald,…
A: In this scenario, Mike entered into a deal with a nearby farmer named Mr. McDonald to buy food for…
Q: The articles of partnership is a written contract describing the terms of a partnership.;True or…
A: A partnership is a business form in which two or more individuals come together to conduct business…
Q: Wells Fargo Credit Corporation (Wells Fargo) obtained a judgment of foreclosure on a house owned by…
A: Wells Fargo, the plaintiff in this case, is attempting to have the court sale annulled due to its…
Q: Actual authority arises from what the principal manifests to the agent. O True
A: Legal aspects of management encompass laws and regulations governing business operations. They…
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…

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- The primary duty of a principal to an agent is to create a binding contract whereby the responsibilities of the agent are clearly enumerated.b) Write two elements of a contract of indemnity.True or False 1. The power to borrow or obtain a loan is one of the enumerated corporate powers under the Code, it is really an inherent or implied power of every corporation since it flows from its being granted the capacity to contract or to obligate itself as a juridical person under Article 46 of the Civil Code. In addition, the express powers to enter into the accessory contracts of "pledge" or "mortgage" under Section 35(g), must necessary include the power to enter into the accessory contract of loan 2.Cash dividends are declared by the majority of the quorum of the board of directors with the concurrence of the stockholders representing at least 2/3 of the outstanding capital stock 3.It is a well-established principle that the contents of the bylaws that contravene the Constitution and the laws of the land are deemed void; and that in case of contradiction to any of the provisions of the articles of incorporation, the By-Laws' provision/s shall prevail 4.The Supreme Court…
- Set out & explain any five exclusive clauses found in a contract of sale of business.a. Benson goes into bankruptcy. His estate is not sufficient to pay all taxes owed. Explain whether Benson’s taxes are discharged by the proceedings. b. Benson obtained property from Anderson on credit by representing that he was solvent when in fact he knew he was insolvent. Explain whether Benson’s debt to Anderson is discharged by Benson’s discharge in bankruptcy.The purpose of the Insuring clause in an Accident and Health policy is to: O A specify the schedule and method of premium payments specify the conditions under which benefits are payable indicate the responsibilities of the insured after a covered loss satisfy the requirements of the uniform policy provision code OB. O C SOD.
- A pizza parlor owner uses a vending machine company to service his soft drinks.The owner of the company sells his route to Mr X and delegates all of his contractsincluding the one with the pizza parlor. This enrages the pizza parlor owner, because Mr. X was engaged to the pizza parlor owner's sister and left her standing at the altar. He claims that the obligation is non-delegable because it's "personal". Do you agreeIt is assumed that a drawer or maker will recognize his or her own signature and that a maker or an acceptor will recognize whether an instrument has been materially altered. Therefore, with respect to any of these parties who in good faith accepts an instrument, in terms of presentment warranties, a. all of them apply. b. none of them apply. c. only the warranties that the instrument has not been altered and that the person obtaining acceptance has no knowledge of an unauthorized signature apply. d. only the warranty that the person obtaining acceptance is entitled to enforce the instrument applies.Differentiate obligations arising from delict from obligations arising from quasi – delict.