Explain the concept of "constructive possession" in relation to pledge agreements
Q: Sarah and ArtWorks enters into a written contract on June 1 for sale of specific painting, painted…
A: A contract is a legally obligated agreement that is entered into by two or more parties that creates…
Q: Discuss the cases in which the Doctrine of Caveat of Emptor do not apply.
A: The doctrine of caveat emptor, or "let the buyer beware," is a legal principle that places the onus…
Q: National Cash Register Company (NCR), a manufacturer of cash registers, entered into a sales…
A: From above mention case, There is sufficient evidence noting that the cash register is an item on a…
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: The price index was 128 in Year 2, and the inflation rate was 24 percent between Year 1 and Year 2.…
A: The average price level of a basket of goods and services can change over time, and a price index is…
Q: and
A: It is a question of contract/ business law and contract law refers to an agreement between 2 or more…
Q: James sold his 1965 e-type Jaguar car to Shirley for $18,500. During the negotiations James claimed…
A: An agreement that is mandatory by law is a contract. A promise or a number of promises that are not…
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: 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: Adrian rents a bicycle from Barbara. The bicycle rental contract Adrian signed provides that Barbara…
A: ANSWER IS AS BELOW:
Q: The bundle of rights includes the right of possession, quiet enjoyment, disposition, control, and:…
A: The question is asking for the missing right in the bundle of rights related to property ownership.…
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: ‘The capacity to incur liability on negotiable instruments is co- extensive with the capacity to…
A: A negotiable instrument is a legally binding agreement that ensures payment to a certain individual…
Q: Set out & explain any five exclusive clauses found in a contract of sale of business.
A: A contract of sale of business typically includes a number of clauses that are designed to protect…
Q: The United States has a fairly strong history of unions and labor rights. There are numerous laws…
A: A union is an organized association of workers formed to protect and promote their collective…
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- Differentiate obligations arising from delict from obligations arising from quasi – delict.Wolcott and Sarah, both merchants and residents of Gainesville, Florida, aspire to enter into a contract with each other for the sale/purchase of goods. After Wolcott makes an offer to Sarah, Sarah responds with a written confirmation of acceptance; however, this written confirmation of acceptance states additional terms that are not present in Wolcott's offer. Nevertheless, Wolcott's offer did not expressly limit acceptance to the terms of his offer and Sarah's additional terms do not materially alter Wolcott's offer. If Wolcott does not give notification of objection to Sarah's terms within a reasonable time, which of the following will occur? O Due to the Mirror Image Rule, a contract is not founded until both Wolcott and Sarah agree to the same exact terms. ODue to Wolcott's failure to give notification of objection to Sarah's terms within a reasonable time, Sarah's terms will become part of the contract. O Sarah's additional terms constitute a rejection of Wolcott's offer and…Evaluate when a promise is enforceable, the elements of a contract, performance, and the remedies available in the event of breach.
- Karen's elderly Uncle Joe gave her written authority to sell the family house. Uncle Joe lived in Maine and Karen lived in Minnesota. After about two months Karen found a buyer for the house and signed an acceptance of the offer on July 21. Later that same day she learned that Uncle Joe had died the day before (July 20). Other members of the family did not want the family house sold and claimed that t acceptance Karen signed was void because Uncle Joe had died prior to acceptance. The buyer of the house claims Karen had the legal authority to sell the house and that the contract is binding. Who is right? Please explain.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 FalseState the effect of illegality on a contract.
- Identify and describe and explain the elements of an enforceable, valid legal contractGianna contracts with Boris for Boris to bring a llama to her daughter Vivian's birthday party in exchange for $125. Gianna later learns her daughter is frightened of llamas. She contacts Boris and Boris agrees to bring a pony to the party for $75 instead. Which of the following is true of the original agreement involving the llama and the $125? It was discharged by mutual rescission It was discharged by accord and satisfaction It was discharged by substituted contract It was breached