If a contract was found to be ambiguous, would you rather be the person who wrote the contract or the person who received the contract?
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- If a contract was found to be ambiguous, would you rather be the person who wrote the contract or the person who received the contract?
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- Contracts are meant to be broken. What happens when you breach a contract? Find a case and explain what went wrong with the contractual situation, what was the outcome and the remedy. Did the Parties need to mitigate damages? How would you have handled the situation to avoid the outcome of breach? Are you in agreement with the outcome? Why? Remember to cite the case name and give us a factual background as to what happened.How can an offer be affected where the terms are not clear?Be careful when the counterparty discloses their BATNA at the outset of the negotiation. When the counterparty discloses his or her BATNA at the outset of the negotiation, negotiators often respond with all of the following actions, except _____. Group of answer choices disclose more truthful information settle for less profit make less demanding offers make more extreme demands for money and time
- Which of the following is true of a severable contract? Multiple Choice It must be enforced or rejected in its entirety. It contains multiple parts that need to be performed collectively. It has both legal and illegal portions in the contract. It needs complete performance by both parties.a) List the five requirements for contract formation and give a short (approximately 1–2 sentences) description of each requirement.b) Choose one of the requirements from your answer to (a). Write a short (approxi- mately 5–10 sentences) example of a contract that does not satisfy this requirement and explain why.Defined as an unconscious ignorance or forgetfulness of the existence or non existence of a fact,past or present,material to the contract.
- It is said that we all make a variety of contracts every day. How can this be? How do we make agreements without actually necessarily saying anything to another party or even determining the terms of these agreementsParties to a contract ('the Pre-existing Contract) may terminate the contract by entering a further contract, which discharges the Pre-existing Contract. Group of answer choices True FalseDescribe the requirements of a valid contract. If a contract is written unclearly, what happens? Please provide examples to illustrate your points.
- What are the implications for contract writing as a result of electronic signatures now being enforceable by law?A purchaser enters a contract to purchase land from a seller. The contract provides that the settlement date is 1 March but time is not of the essence. Is the following statement true or false? ‘The purchaser is not legally obligated to settle the transaction on 1 March.’ True or False?PLEASE WRITE AN EXAMPLE OF A VOID CONTRACT (ANYTHING THAT IS VOID). IT SHOULD BE A ONE PAGE CONTRACT.