Dwayne “the Rock” Johnson, stood outside the door for two hours to prevent Becky from leaving. Ed gave Becky the choice of signing a new contract promising him more money for the build or going to court. Becky signed the agreement but now has sought legal advice. • Imagine that you are Becky’s attorney. What would you tell her about whether she can rescind the contract? (Big Hint: Capacity to Contract, Duress and Undue Influence) Include one resource, in addition to the textbook.

Dwayne “the Rock” Johnson, stood outside the door for two hours to prevent Becky from leaving. Ed gave Becky the choice of signing a new contract promising him more money for the build or going to court. Becky signed the agreement but now has sought legal advice. • Imagine that you are Becky’s attorney. What would you tell her about whether she can rescind the contract? (Big Hint: Capacity to Contract, Duress and Undue Influence) Include one resource, in addition to the textbook.

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David is a licensed agent who typically represents homeowners looking to sell their house. As an agent, David has limited authority when working with clients, and his duties are limited to those outlined in the listing agreement. How would you characterize David's agency relationship? O David is a special agent since he is only responsible for one property at a time with limited duties. O David is a universal agent because he signed a listing agreement with the seller. О David is a general agent because he works with more than one client at a time. O David is a dual agent because he works with more than one seller at a time.
Enlist and define all the essentials of a valid contract with the help of appropriate example.
What are the legal requirements for establishing a valid contract, and what happens when one party breaches it?
1. Based on the facts given in hypothetical contract scenario drafted in Part 1, identify the following elements: C a Offer b. Acceptance c. Consideration d. Competent Parties e. Intention to create a binding agreement 1. Legality of Purpose
What is the time period of performance that requires contracts to be in writing? оо a. If a contract cannot be performed within one month, it is unenforceable unless it is in writing. b. If a contract cannot be performed within six months, it is unenforceable unless it is in writing. C. If a contract cannot be performed within one year, it is unenforceable unless it is in writing. d. If a contract cannot be performed within two years, it is unenforceable unless it is in writing.
Identify and explain FOUR circumstances in which an assurance provider should decline a new assurance engagement.
Based on your knowledge of contracts from your reading this week, discuss the following case. Be sure to support your view with the facts and the law.Maurice is an accountant who works for the firm of Addum, Upp, &Paymee. Maurice was approached by Shirley Eugest, who represents one of Addumâ€™s competitors, BeanCounters, Inc. Maurice was offered a substantial raise to leave his company and work for BeanCounters. When Maurice’s boss heard this he called him in and said, â€œIf you stay with us, I promise that next year you will receive a promotion with a 50% raise, and a 5-year contract.â€ Maurice turned down the offer from BeanCounters and stayed with Addum. Nine months later Maurice was dismissed due to corporate downsizing. Can Maurice legally enforce his bossâ€™s promise? What theory or theories would Maurice use? Discuss fully.Topic 22. Read the scenario set out below and discuss the questions that follow it:Art…
An offer can be defined as an intimation of words and conduct, with a desire to enter into a binding arrangement. It is argued for an offer to be effective, the terms of the offer must be clear, precise and unambiguous. Please eloborate on the statement above.
You have a job bidding provision in the contract which says. Vacancies in bargaining unit positions shall be posted for seven (7) days. All bids filed with the posting period shall be considered. If qualifications are relatively equal, the more senior bidder shall be granted the position, provided, however, that employees granted a position hereunder shall be ineligible to be granted a new position for one year from the date of promotion. You hire an external applicant who is far better than the senior bidder. Under what circumstances could you hire the outside applicant under this language. What argument would you expect the union to make? What would you expect the union to say if you offered to grant the next vacancy to the senior person denied the position and why?
Steven, an accountant, returning from his office, calls into a pub for a relaxing drink. He bumps into Paul, an old school friend, whom he has not seen for many years. During the course of the conversation over a number of pints, it emerges that Paul has recently inherited a substantial sum of money and is interested in investing in local businesses. Steven mentions that one of his clients, Precarious Ltd, is seeking financial backing and would make an attractive investment. By chance, he has a copy of the company’s accounts in his briefcase which he gives to Paul. Relying on these accounts, Paul invests £10,000 in Precarious Ltd, but loses everything when Precarious goes into liquidation six months later. In fact, the accounts had been prepared negligently and did not reflect the parlous state of the company’s affairs. Advise Paul.
How is an offer accepted? Describe the rules for the manner of acceptance and its communi