Kathleen borrowed money from Nicole and gave a piece of land as security by way of mortgage. It was expressly agreed between the parties in the mortgage contract that upon non-payment of the debt on time by Kathleen, the mortgaged land would already belong to Nicole. If Kathleen defaulted in paying, would Nicole now become the owner of the mortgaged land? Why?

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: P is in dire need of cash. He then approaches M and requests that M issue a negotiable bill of…

A: A bill of exchange (BOE) is a financial instrument that is used in commerce as a means of payment…

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Q: Lane rented a house from Kent. Lane installed a new refrigerator in the kitchen. At the end of the…

A: Below is the solution:-

Q: Jim sold his house to Ben for $100,000 on May 1, 2001. Today is June 1, 2001. The court determined…

A: The Indian Contract Act, 1872 defines the word “Contract” under its section 2 (h) as “An agreement…

Q: Please provide reaction to discussion below if you agree or not: In the intriguing case of Hamer v.…

A: Contracts are considered to be agreements that are legally binding in nature. There are some…

Q: Marigold finds her dream home in the Rocky Mountains. She wants to buy it but is unsure whether she…

A: The objective of the question is to identify the type of contractual condition that Marigold has…

Q: Bert and Ernie collaborate to defraud Oscar, who is induced to give Bert a note payable to Bert’s…

A: Bert and Ernie, the famed team, conspire to deceive none other than the cantankerous Oscar in a…

Q: Irene and Joy were co-owners of a parcel of land. On September 26, 2020, Irene discovered that Joy…

A: Contract is a legally binding agreement which can be entered between two parties in an arms length…

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: Brooklyn went into default on her home loan. Her lender decided to foreclose on the property. To do…

A: The objective of the question is to understand the type of state Brooklyn lives in based on the…

Q: Lindsay enters into a contract with John to purchase John's sailboat. The parties agree that Lindsay…

A: Business happens when there is selling and buying of goods. In order to avoid discrepancies and…

Q: Adrian rents a bicycle from Barbara. The bicycle rental contract Adrian signed provides that Barbara…

A: ANSWER IS AS BELOW:

Q: Norma English made an offer to purchase a house owned by Michael and Laurie Montgomery (Montgomery)…

A: Contracts are essential in any transaction involving the exchange of goods, services, or property…

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: In a written contract, Sheldon agreed to tutor the children of Mrs. Smith for a certain period of…

A: In the realm of contractual agreements, parties enter into binding arrangements with the expectation…

Q: Jensen purchased a six-room house for himself and his daughter. Jensen wishes to have a deed that…

A: Belo0w is the solution:

Q: What is the basis for enforcing a contract under the doctrine of promissory estoppel?

A: The doctrine of promissory estoppel is a law under contract law that stops a person to deny from a…

Q: Evaluate when a promise is enforceable, the elements of a contract, performance, and the remedies…

A: Contract law is the branch of law that primarily deals with the enforcement of legally binding…

Q: Can the certainty of the object of the contract be negated by the failure of the parties to state…

A: Certainty refers to the clarity and precision with which the terms of an agreement are expressed. In…

Q: Testator gives property to Tim in trust for Barney’s benefit, providing that Barney cannot…

A: A testator has bestowed property upon Tim, to be held in trust for the benefit of Barney. The trust…