Max and Jack enter into a contract which states: "Jack will paint Max's kitchen blue and Max promises to pay Jack $200 upon completion." Which is an example of an implied condition? That Max will pay Jack upon completion of the painting. That Jack will use blue paint when painting Max's kitchen. That Max will allow Jack access to his kitchen That Max will pay Jack $200.
Q: 2.) Saldo orally offered to sell a certain diamond ring to Baldo for P50,000.00. Baldo accepted the…
A: Oral contract is the type of agreement where two parties are agreed on the terms through verbal…
Q: Peter agrees a sale for his car with Alex for the sum of R1000 (even though the car is only worth…
A: The answer is C. The contract is voidable as alex was so intoxicated that he didn't realise to what…
Q: Can Blake withdraw his offer to buy Harry’s boat
A: If an agreement has happened orally without any evidence set aside then it is not enforceable by law…
Q: A breach of contract occurs when either party violates the agreed upon promise. True False
A: A contract is nothing but a legally binding agreement that describes and administer the…
Q: Hamid signs a contract with a tour company that reads as follows: Fun Times Travel will provide…
A: From the above case study is very clear that No , Hamid can not give confirmations since he doesn't…
Q: Alex and Ann enter a contract for Ann to cook a gourmet meal for Alex and Alex to pay Ann $50. Alex…
A: The objective of the question is to understand the legal implications of Alex's actions in the…
Q: On December 31, 2023, Reagan Incorporated signed a lease with Silver Leasing Company for some…
A: Approach to solving the question: written above Detailed explanation: Examples: Key references:
Q: Pen Company and ABC Accounting firm enter into a contract for the purchase of 500 pens. The…
A: In the world of commerce, contracts play a vital role in establishing the rights and obligations of…
Q: A 72,000 square foot multi-tenant retail property with an Equinox gym and a Wendy’s restaurant in…
A: Therefore, the after-tax cash flow from the sale of the property is c. $2,540,000.Explanation:the…
Q: 15-year old inherited some property from a grandparent. The 15-year old put the property on the…
A: Explanation : A 15-year old inherited some property from their grandparent. The 15-year old put the…
Q: Mary and Mark live in Illinois. Mary lends Mark $10,000.00. Mark wants some security of repayment…
A: In Illinois, the filing of a security agreement with the Secretary of State is not required to…
Q: Tyree and Stella enter into a contract requiring Tyree to pay Stella $500 per month on the first of…
A: A violation of a contract that fundamentally violates the terms of the agreement and is large enough…
Q: Assume that Elkins contracted to build an addition to Cromwell’s plant producing cruise missiles…
A: Elkins won't be in an exceedingly well position to complain concerning the problem, once the…
Q: Ruby is a homeowner with a mortgage loan. She's been missing payments, and recently received a…
A: The question asks about a scenario where Ruby, a homeowner with a mortgage loan, has been missing…
Q: Peter made a written contract with Joe. The contract covered the sale of 1 acre of real estate.…
A: In Peter v. Joe, Peter and Joe entered into a written contract for the sale of one acre of land.…
Q: The “part performance doctrine” permits a buyer to enforce an oral contract for the sale of land.…
A: A contract for the sale of land can be defined as an agreement between the seller or owner of the…
Q: Which of the following is false with regard to shipping contracts and destination contracts: A. A…
A: The area of law known as contract law oversees the formulation, interpretation, and upholding of…
Q: In 1978 Juan bought 30 ounces of gold for $6,450 as protection against rising inflation. He sold…
A: To calculate the cost per ounce of gold in 1978, we need to divide the total cost of the gold by the…
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: Facts: On February 1, 2004, Buyer entered into a contract to buy Seller’s house in Las Vegas for…
A: The enforceability of a modification to an original contract is dependent on specific legal factors…
Q: enigno Buyer writes Francene Farmer a letter that states he is willing to purchase 1,000 pounds of…
A: In what concerns contract law, the offer and acceptance are the magnis in the inquiry and formation…
Q: Abby and Scotty enter into a contract that requires Abby to build an office building for Scotty. The…
A: Option (B) is improper. She failed to comply with a material contract agreement that required her to…
Q: A contract must always contain explicit written terms in order for it to be legally upheld. True…
A: A contract is nothing but a promise or the set of the promises for which the court of law gives a…
Q: Jim is a 15-year-old boy living in London. Briefly explain to Jim the legal position arising from…
A: “Legal position" refers to the legal rights, responsibilities, and consequences that arise from a…
Q: Lewis tells a representative of Musical Instruments, Inc., that he will pay for Nora's trumpet if…
A: Contract It is a written or spoken arrangement, particularly one involving work, purchases, or…
Q: In a commercial real estate transaction, which of the following deed types would be used in a…
A: Business law is the aspect of the law that describes the rules, regulations, and laws that are…
Q: 1. Which of the following describes when a person does not understand that a contract is being made…
A: A contract is a legitimately obligatory agreement that establishes and directs the rights and…
Q: Sue Flay's Cakery promises to pay Oscar Ruitt not to park in a city-designated no-parking zone in…
A: In the given scenario, Sue Flay's Cakery offers to pay Oscar Ruitt not to park in a city-designated…
Q: The buyer and seller were arguing over a small river rock fountain, which before closing had been…
A: The objective of the question is to determine which statement about the disputed fountain is true in…
Q: use Rita Booke verbally promised to buy Ty Coon's fifth edition of Dostoyevsky's cla and Peace, for…
A: Contracts play a fundamental role in business transactions, establishing legally binding agreements…
Q: Black contracted with White to build a certain number of large transmission towers for a stated…
A: A contract is an agreement enforceable by law. It is a legally binding document between at least two…
Q: Problem Solving 2. Lyle forges Kim's name as a maker of a promissory note. The note is made payable…
A: Law plays an integral role in making the judgments related to complex situations. It helps in…
Q: Spritz signs a contract that says that she will paint a mural of her friend Hecuba in exchange for…
A: In this scenario, Spritz signs a contract to paint a mural of her friend Hecuba in exchange for…
Q: Over a cup of coffee in a restaurant, X Invites Y to dinner at his house on a Sunday. Y hires a taxi…
A: An agreement is : that gives rise to social obligation is not a contract. that may be a social…
Max and Jack enter into a contract which states: "Jack will paint Max's kitchen blue and Max promises to pay Jack $200 upon completion." Which is an example of an implied condition?
Unlock instant AI solutions
Tap the button
to generate a solution
Click the button to generate
a solution
- Pisey needs $ 8,000 for her pig farm. After Sisey Pisey told her about the $ 8,000 she needed, the bank said she had collateral, such as a house, because borrowing, in principle, requires the bank to have collateral? Sister Pisey says I mortgaged the title deed to get a $ 8,000 loan from the bank. The bank assessed the land and told Pisey to borrow $ 25,000 (by submitting the land title), otherwise the bank would not lend her $ 25,000, not $ 8. $ 000) Do you agree? Sister Pisey said that I only need $ 8,000, $ 25,000 is more than I need! The bank said it was likely to force her to borrow $ 25,000 ... Finally, Pisey gave up the loan, fearing that the bank would not be able to confiscate land worth more than 25,000. Dollars. How do students understand the situation? Delay. As a Business Manager2. Seller and Buyer negotiate for the sale of 100 acres of land. They orally agree on a price of $100,000, with payment to be made within 10 days and the deed delivered within another 30 days. Buyer sends Seller a letter in which all these terms are included, along with a check for $100,000 that Seller deposits. Seller fails to deliver a deed, and Buyer seeks to enforce the contract. Is the contract enforceable?1.A borrowed P30,000.00 from B to be paid on September 10, 2016, in exchange for the loan, A surrendered his Iphone7 to B as security. On September 11, 2016, B demanded that A pay the P30,000.00 loan. Since A do not have enough money, he just told B that B can just have his Iphone/ as payment for his loan to which B agreed. Is the contract extinguished? Explain . 2. A, B, C and D are the solidary debtors of X for 240,000. X released D from the payment of his share of P10,000. When the obligation became due and demandable, C turned out to be insolvent. Considering the said incidents, what are the liabilitites of A, B, C, and D? 3. Aida, Lorna and Fe borrowed money from Juan, Pedro and Mario P3,000.00. Aida's obligation is due today, September 5, 2019, Lorna is a minor and Fe's obligation is due on September 10, 2019. Can Pedro alone proceed against Lorna alone for the payment of the entire P3,000.00? Explain . 4.Explain and Give an example of the following modes of extinguishing an…
- 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?Buyer Bert can't believe that Seller Sam has had a last-second change of heart about entering into an agreement to sell his home to Bert. Sam has offered to refund Bert's earnest money and even pay him something in acknowledgment of Bert's inconvenience and disappointment, but Bert's not having it. He wants Sam's house. Choose the remedy for breach of trust that Bert will most likely take. demand specific performance initiate rescission accept compensatory damages settle for liquidated damagesA man named Bob Smith believes that he is Santa Claus (who delivers presents to all the children around the world on Christmas Eve). In fact, he is not Santa, but he has believed this for many years. He signs his name "Santa." He signs many contracts as "Santa," and he refers to his wife as "Mrs. Claus" even though her name is actually Betty Smith. She puts up with it, because he really does believe he is Santa, and because she loves him and because his wages from his job at Hasbro toys pays the bills. One day he enters a contract with your company to hire you to build him a gigantic workshop in his backyard so he can build his toys and stable his "eight tiny reindeer." In return he will pay you $120,000 for the construction. When his wife learns of this deal, she tries to reject it because it is voidable due to his lack of contractual capacity. Was this contract voidable, or valid and enforceable? Answer the questions.
- Bill offers to sell Mary his computer for $500. Mary counters with an offer of $400 Bill rejects this offer. Mary tells Bill: "OK, I'll buy the computer for $500." Bill tells Mary: "I've decided not to sell the computer after all." Bill is in breach of contract because Mary made a valid offer. True FalseGemma promises a local hardware store that she will pay for a lawn mower that her brother is purchasing on credit if the brother fails to pay the debt. Must this promise be in writing to be enforceable? Why or why not?21)According to the objective theory of contracts, the intent to enter into an express or implied-in-fact contract is judged by the ______ doctrine of equity reasonable person standard legality of the contract common law of contracts
- If the delivery term in the parties’ contract for the sale of goods is FOB the place at what the goods originated, absent any other agreement, the buyer is responsible for making reasonable arrangements for the goods to be shipped. true or falseEric and Susan just purchased their first home, which cost $140,000. They purchased a homeowner’s policy to insure the home for $130,000 and personal property for $80,000. They declined any coverage for additional living expenses. The deductible for the policy is $500. Soon after Eric and Susan moved into their new home, a strong windstorm caused damage to their roof. They reported the roof damage to be $19,500. While the roof was under repair, the couple had to live in a nearby hotel for three days. The hotel bill amounted to $420. Assuming the insurance company settles claims using the replacement value method, what amount will the insurance company pay for the damages to the roof?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.