Discuss the role of restitution in quasi contracts and its significance in resolving disputes.
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: Discuss and explain the five types of contract damages
A: The term damages simply refer to certain monetary amounts or a fixed sum of money which are provided…
Q: Identify and explain which parts of a property Contract for Sale are negotiable?
A: A Contract for Sale is a legal document that outlines the terms and conditions of a property sale…
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: 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: and
A: It is a question of contract/ business law and contract law refers to an agreement between 2 or more…
Q: A contract forms when one person makes an offer, and another person accepts it by communicating…
A: The Concept of an OfferAn offer is a clear, unequivocal statement of the terms on which the offeror…
Q: On Chapter 12, Recognizing Employee Contributions with Pay; define Principal and define Agent. Also,…
A: Employee contributions with pay are essential to be recognized by any company. It helps in knowing…
Q: Define the term "unconscionable" and describe the effect of an unconscionable contract.
A: Unconscionable: Unconscionable defines that unusually harsh and shocking to the…
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: Explain the elements of a valid contract. essay type
A: A contract is a legally binding agreement between two or more parties, enforceable by law. The…
Q: A buver made an offer on a property on September 25th. The Seller countered on September 26th. Both…
A: The effective date of a contract, especially in real estate, is the date when all parties involved…
Q: b) Write two elements of a contract of indemnity.
A: An indemnity agreement is an agreement between two parties in which one party (the indemnifier)…
Q: Henk made an oral contract with Joel's garage to work as the manger of the garage for the next two…
A: In this scenario, Henk is likely to win the suit. The Statute of Frauds typically requires certain…
Q: Jasper Bakery Limited signed a purchase order to buy 50 kg of butter from a farmer over the next…
A: When it comes to interactions between individuals, contract law is like a peaceful director who…
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- Case 5 P Corp, a retailer of women’s fashion accessories, contracted Sandra as their purchasing agent. The agency contract expressly stipulates that Sandra is not allowed to enter into contract in excess of $50,000.00 without first obtaining approval from P Corp. On a number of occasions, Sandra negotiated the purchase of quantities of costume jewellery from Z Inc for prices varying between $30,000 to $45,000.00. Recently, Sandra placed an order with Z Inc for goods at a price of $60,000.00 and without consulting P Corp. Z Inc did not question the order. Two weeks after, Z Inc received payment from P Corp. Sandra was reprimanded by P Corp and, again, reminded of her $50,000.00 limit. Despite the warning, Sandra placed another order of $55,000.00 from Z Inc. This time P Corp refuse to pay and demanded Z Inc to take back the goods. Issues: Is Sandra acting on actual or apparent authority? Is the principal bound by the action of the agent, Sandra? Please state your reasonsExplain the difference between a docketing fee and a cancellation fee of an arbitrator.Explain the process and legal requirements involved in drafting and enforcing contracts in business transactions.
- Martha sells goods to James for $25,000. Martha assigns her right to receive the $25,000 to XYZ Finance James refuses to pay XYZ the $25,000. James makes two arguments for not paying. First James claims that XYZ has no privity of contract and that XYZ is not a third-party beneficiary of its contract with Martha. Second – James claims that the goods were worthless. Assume that the goods were worthless. You are the judge. Who wins and why? Address both arguments that James makes.What is the basis for enforcing a contract under the doctrine of promissory estoppel?Alan’s real estate broker suggested that he use a quitclaim deed to sell his super cool Brentwood condo so that the buyer would: Be the grantor under the deed and have full recourse against the seller for any title related claims Acquire only the legal interest in the property that Alan previously held Know that all prior mortgages, liens, and other encumbrances had either been reconveyed or removed from the property’s title Receive assurance that the property was free from any title defects
- Can the certainty of the object of the contract be negated by the failure of the parties to state the exact location of the property in the contract?What is the definition of consideration and what general principles apply to its presence in contracts? Define promissory estoppel.Xavier and Adam enter into a written contract for the sale of DJ equipment. Their contract states that risk of loss shall pass to the buyer at the time the contract is signed. Since this is contrary to Article 2 of the UCC, this clause is unenforceable. True False
- Identify and describe and explain the elements of an enforceable, valid legal contractBusiness contracts may contain exclusion clauses as a means of limiting or excluding liabilities. Explain what is meant by the term “exclusion clause” and how case law and statutes regulate the use of such clauses in business contracts.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 pls