The primary duty of a principal to an agent is to create a binding contract whereby the responsibilities of the agent are clearly enumerated.
Q: SHANZ Telcom Ltd. employs James as their agent for distribution and sale of their phones & phone…
A: An agency relationship is a fiduciary relationship where one person (the agent) acts on behalf of…
Q: Discuss the cases in which the Doctrine of Caveat of Emptor do not apply.
A: The doctrine of caveat emptor, or "let the buyer beware," is a legal principle that places the onus…
Q: 4. Anderson, a farmer, orally agreed to buy a used tractor from the Copeland Equipment Company for…
A: A quasi contract is a legal obligation—not a traditional contract—which is decided by a judge for…
Q: a) With the aid of an example or illustration, distinguish between TWO (2) of the following pairs…
A: (a) Distinguishing Between Terms 1. Sale and Agreement to Sell Sale:A sale is a legally binding…
Q: distinguish fraud in the performance of a preexisting obligation from fraud in the perfection of a…
A: The realm of contractual agreements in legal frameworks is underpinned by principles that govern the…
Q: On November 19, Hoover Motor Express Company sent to Clements Paper Company a written offer to…
A: Yes, H successfully revoked its offer. There is no requirement of Express notice of revocation…
Q: Delegation relieves the delegator of liability to perform the contract. Select one: True False
A: Transferring power, responsibility, and responsibilities from one person to another is referred to…
Q: A contract forms when one person makes an offer, and another person accepts it by communicating…
A: The Concept of an OfferAn offer is a clear, unequivocal statement of the terms on which the offeror…
Q: Beryl owns a company that sells boomerangs, and Lucas is a potential customer. Beryl informs Lucas…
A: In the context of the contract, the term fraud represents an act or conduct that has been performed…
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: In August, Victoria Air Conditioning, Inc. (VAC), entered into a subcontract for insulation services…
A: Let's discuss the case: Victoria Air Conditioning, Inc. entered into insulation services with…
Q: Explain the elements of a valid contract. essay type
A: A contract is a legally binding agreement between two or more parties, enforceable by law. The…
Q: William purchased a 10-year renewable and convertible term insurance policy with an effective date…
A: ANSWER: OPTION (A) IS THE CORRECT ANSWER.
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: The bundle of rights includes the right of possession, quiet enjoyment, disposition, control, and:…
A: The question is asking for the missing right in the bundle of rights related to property ownership.…
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: Henk made an oral contract with Joel's garage to work as the manger of the garage for the next two…
A: In this scenario, Henk is likely to win the suit. The Statute of Frauds typically requires certain…
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…
The primary duty of a principal to an agent is to create a binding contract whereby the responsibilities of the agent are clearly enumerated.
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- A pizza parlor owner uses a vending machine company to service his soft drinks.The owner of the company sells his route to Mr X and delegates all of his contractsincluding the one with the pizza parlor. This enrages the pizza parlor owner, because Mr. X was engaged to the pizza parlor owner's sister and left her standing at the altar. He claims that the obligation is non-delegable because it's "personal". Do you agreeDifferentiate obligations arising from delict from obligations arising from quasi – delict.Alan’s real estate broker suggested that he use a quitclaim deed to sell his super cool Brentwood condo so that the buyer would: Be the grantor under the deed and have full recourse against the seller for any title related claims Acquire only the legal interest in the property that Alan previously held Know that all prior mortgages, liens, and other encumbrances had either been reconveyed or removed from the property’s title Receive assurance that the property was free from any title defects
- Evaluate when a promise is enforceable, the elements of a contract, performance, and the remedies available in the event of breach.The standard of reivew used by the Connecticut Supreme Court in determining whether the takings were constitutional under the 5th Amendment was: a. The takings were reasonably necessary to achieve the City of New London's intended public use. b. The takings were substantially necessary to achieve the City of New London's intended public use. c. There was clear and convincing evidence that the economic benefits of City of New London's plan would in fact come to pass. d. The evidence was beyond a reasonable doubt that the economic benefits of the City of New London's plan would in fact come to pass.Andrew is an accountant. He agrees with George, a garage proprietor, that he will assist George with his annual tax return if George will service his car for him on the Monday. At the beginning of the negotiations Andrew told George that he absolutely must have the car for the following Tuesday since he needed it to go to an important meeting with a client to pitch for a valuable deal. Andrew assists George, but because the service was not done correctly the car breaks down when Andrew is on the way to the important meeting. Andrew is very late for this meeting and as a result the client switches his work, worth some £25,000, to another accountant. In addition Andrew incurs £500 costs putting right the defective service. Andrew now wishes to sue George for damages for breach of contract. Question 20 Is Andrew’s claim against George for putting right the defective service A a normal loss B an abnormal loss C neither a normal nor an abnormal loss D both a normal and an abnormal loss…
- Assume an agent is given authority by the principal to sell a property. The principal only states that the agent may sell the property and the agent is given no further instructions. The agent reasonably believes that it will be necessary to perform $10,000 worth of improvements on the property in order to sell it. Therefore, the agent contracts to have these improvements made. He/she then sells the property. The principal believes that the improvements were not authorized and refuses to reimburse the agent for the expenses associated with the sale. Discuss the rights and liabilities of the principal and agent. Should the principal be forced to reimburse the agent? If the principal continues to refuse to reimburse the agent, what action may be taken by the agent? If the parties were to engage in a lawsuit, who would win? Why? If the answer depends on information not provided in the scenario, specify what further information one would need to render a firm opinion.Identify and describe and explain the elements of an enforceable, valid legal contractMr. Oliver entered into contract with his friend Mr. Green to transport some material in two weeks’ time. About a month before the delivery was to be made, the material was banned by the legislature, and so delivery was not possible. Mr. Green could have been arrested by the police if he was caught delivering the goods, but he delivered it anyway. Mr. Oliver refuses to pay. i. What can you say about the contract Mr. Oliver and Mr. Green entered into? ii. Should Mr. Green have made the delivery? why or why not? iii. Can Mr. Green enforce payment? why or why not. iv. What was the impact of the legislative action on the contract?
- Gianna contracts with Boris for Boris to bring a llama to her daughter Vivian's birthday party in exchange for $125. Gianna later learns her daughter is frightened of llamas. She contacts Boris and Boris agrees to bring a pony to the party for $75 instead. Which of the following is true of the original agreement involving the llama and the $125? It was discharged by mutual rescission It was discharged by accord and satisfaction It was discharged by substituted contract It was breached(12) The agreement which caused by fraud, coercion and misrepresentation is called..... a) Void b) Voidable c) Partially void