Francine posts on social media that she will pay $500 to anyone who will clear her lawn of leaves. One of Francine's friends is dating Bob, who goes out and collects all the leaves. When he asks for payment, Francine says that the two never had a contract. Is Francine correct? Briefly explain.
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Francine posts on social media that she will pay $500 to anyone who will clear her lawn of leaves. One of Francine's friends is dating Bob, who goes out and collects all the leaves. When he asks for payment, Francine says that the two never had a contract. Is Francine correct? Briefly explain.
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- sanjayReed, a manager for XYZ Products, issued company checks to pay his personal debts. So that no one in the company would know what he was doing, he disguised the name of the payees. For example, to pay his American Credit Card bill, he issued the XYZ check to “American.” XYZ Products sued the recipients of the checks, such as American Credit Card, demanding that the funds be returned. The trial court ruled against XYZ Products concluding that the Defendant-Payee, American Credit Card, was a holder in due course and thus took the checks free of any claims or defenses. Was the trial court correct in ruling that American Credit Card is a holder in due course? Why? What law is applicable? Can Reed be held criminally liable for his actions? Why or why not? Can Reed be civilly liable for his actions? To whom might Reed be liable and for what? 4. What is the business lesson to be learned from this case? Is this a fair result based on public policy constructs applicable to property…Give typing answer with explanation and conclusion Patricia has a contract with Sandy for personal services. Sandy breaches the contract and Patricia sues. The judge rules that Patricia’s contract with Sandy is unenforceable due to it being “Unconscionable.” What does that mean?
- 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.Gil is an officer for HVAC Corporation. Due to a bad choice of supplier on Gil’s part, HVAC’s costs increase. Gil is most likely liable for breach of Group of answer choices negligence or mismanagement. none of the choices. breach of trust and confidence. breach of the business judgment rule.Richard wants to sell his house, as is (meaning, "no warranties"). for $555,000. His neighbor, Chico. expresses interest in buying the house but wants time to think it over. Chico asks Richard to keep the offer open for five days. Richard gives Chico a written document, without a signature, that states, "Richard will not revoke the offer for five days." Three days later, Richard revokes the offer. Chico argues the offer was not revocable for another two days. Was the offer revocable? Yes, because there was not a valid option. No, because there was a valid option. Yes, because Chico did not sign the offer. O No. because there was a valid firm written offer. O Yes, because an offeror can always revoke.
- James incorporated a business, J Wine & Bar. He hired his friend, Douglas, to act as bouncer during nighttime service. Ricky, who is an IT professional, went to a bar to unwind from the stress and pressure of work. With pity misunderstanding with the bar’s crew, he was told to leave by the bouncer. Without provocation with the bouncer, he suffered a beating and fractured nose. The supervisor supported the action of the bouncer and said that he has the right to use force which he deemed necessary to persuade Ricky to leave the premises. Please comment on the issues of trespass, assault, battery, and and vicarious liability, if there is any.Bill was appointed by Melinda to buy a painting at not more than $1 million. Bill eventually bought the painting for $1.2 million. Melinda wished to ratify Bill's act. Which of the following statements is CORRECT? Melinda could ratify if she did so soon after Bill's unauthorised act. Melinda could not ratify because Bill disobeyed her instructions. Bill had actual authority since he was appointed by Melinda to buy the painting. Melinda could still sue Bill for the price difference after ratifying his unauthorised act.The statute of limitations in Texas is a.four years for a written contract. b.four years for an oral contract for a 6-month lease. c.four years for all contracts for the sale or lease of real property in Texas. d.six years for a written contract.
- Mai enters into an agreement to sell an antique bedroom set to Alice for $200,000 because it is exquisite and unique. Madison offers to pay Mai $250,000 for the furniture. Mai calls Alice to cancel the contract. Is this a type of contract where usually contains a liquidated damages clause? Why or why not?A co-worker of Illinois licensee Mona shared a client’s confidential information with her and asked Mona not to tell anyone. Instead of keeping it to herself, Mona gave the information to another licensee. Which statutory duty has been breached? Adhere to the brokerage agreement’s terms Employ reasonable skill and care in performing brokerage services for the client Keep all confidential information provided by the client confidential Serve the client’s best interestsElle is an agent for Fine Cosmetics, Inc. Elle owes Fine Cosmetics the duty of: O compensation. performance. O avoidance. indemnification