Task:Legal case analysis focused on a legal sale contract (real or hypothetical)The plan should include legal sale contract (real or hypothetical), the elements and the typesof legal sale contract analysis, and the court jurisdiction..Assessment Outline:1. Emphasize the importance of contracts in our daily life and its role in facilitatingtransactions: (Chapter 2)Using your own words define a contract and specify its characteristics.2. Choose a legal sale contract (real or hypothetical): (chapter 2)o Determine the parties involved in the contract (buyer and seller)o Identify the elements of the contract.o Identify the level of courts that the disputing parties (buyer and seller) should sueeach other in front of it due to a conflict arise between them. (Chapter 1: the judicialpyramid)3. Analyze the chosen sale contract (real or hypothetical): (chapter 2)• Explain the elements of the contract (consent, object, cause and the price).o Discuss the types of the chosen sale contract (Definition and characteristics of eachtype).• Explain why the parties choose that court. (Chapter 1: the judicial pyramid)4. Conclusion。 Summarize key findingsLength2 pages (approximately 1000 words)

Legal Case Analysis: A Detailed Examination of a Legal Sale Contract1. Importance of Contracts in…

Answered: Task: Legal case analysis focused on a…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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A quasi contract: Question 3 options: A) is a fictional contract. B) may be considered an obligation imposed by law where there has been no express agreement. C) is based upon equitable principles. D) None of the selections are true. E) All of the selections are true.
Question 4 a) With reference to contract law, identify and explain the elements that need to be present to form a valid contract? b) Under what circumstances can an offer come to an end? Discuss using case law.
19) The NRC (National Research Council) of Canada is sending out a request for proposal for a very large long-term research and development project. What contract type are they most likely to use? a) fixed price b) cost reimbursable c) time and materials d) unit price 20) Payments to the seller are made in accordance with the: a) project management plan b) procurement management plan c) communications management plan d) terms of the contract
Arthur recently selected a broker to sell his house. Arthur and the broker are now in the process of finalizing the listing agreement. How should Arthur determine how much he should pay the broker as a commission? O The commission must be set to 6% of the sales price as dictated by FREC O The commission must be between 3-6% of the sales price as per NAR guidelines. ○ Arthur must negotiate with the broker until both parties agree to a commission. O A listing broker is not entitled to a commission.
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.
Case study contract law and offer acceptance. Scenario: Alex posts an advertisement to sell his vintage record collection for $1,000. Beth sees the ad and sends Alex an email expressing interest in purchasing the collection for the advertised price. Before Alex can respond to Beth’s email, he receives a text message from Chris offering to buy the collection for $900. 1. Has Alex made a valid offer to sell his record collection? Why or why not? 2. What constitutes acceptance in this scenario? 3. Is there a contract formed with Beth or Chris? Why or why not? 4. If both Beth and Chris attempted to accept, who would prevail?
Acceptance to an offer must be done expressly by stating your acceptance to the offer. Question 1 options: True False Quasi contract is recognized as occurring under order of a court due to concerns of unjust enrichment. Question 2 options: True False A preexisting duty to do something may be sufficient consideration for a contract to exist. Question 3 options: True False Contracts of adhesion, where a consumer has no ability to negotiate, is an unconscionable contract. Question 4 options: True False An exculpatory contract that releases the other from liability is always illegal. Question 5 options: True False A person who has injested drugs or alcohol will automatically have the choice to make void any contract entered into while under the influence. Question 6 options: True False Consideration could be a party's willingness to refrain from doing an illegal act. Question 7 options:…
Handwritten words are given less importance by the court than preprinted words on a written contract.Question 11 options: True FalseIn order to agree to an offer, the offeree must know of the offer.Question 12 options: True FalseAn advertisement is an offer for a sale of an item by express contract.Question 13 options: True FalseAny modifications to the offer by the offeree, modifies the offer and makes it a counter offer.Question 14 options: True FalseUniform Commercial Code covers contracts relevant to sale or lease of goods.Question 15 options: True False
Under the UCC, a firm offer only applies to Group of answer choices merchants. merchants and nonmerchants. nonmerchants. option contracts.
A contract which was required to be in writing in order to be enforceable, was made orally instead. If both parties have completed its terms, what is TRUE about the contract? Question 9 options: A) The contract was illegal from the beginning and remains illegal even though there was full performance B) The contract may be avoided by either party even though there was full performance C) The contract will be set aside by the action of the courts D) Since the contract has already been fully performed, a writing is not necessary.
answer quickly as soon as possible
COURSE: DIPLOMA IN ACCOUNTING SUBJECT: BUSINESS & COMPANY LAW I NEED ANSWER FOR ALL

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