The UCC often creates contractual liability in situations where no contract would have resulted at common law. True False
Q: The Statute of Frauds governs contracts of a certain nature. Give me the history behind the Statute…
A: The Statute of Frauds was approved by an article of the Parliament of England for the prevention of…
Q: Given that one goal of a contract is to avoid litigation, which of the following can be useful to…
A: A legally binding agreement outlining the terms and circumstances of a specific transaction or…
Q: 1. Identify and explain three differences between UCC Contracts and Common Law Contracts. 2. What…
A: Detailed explanation: Answer 1. Differences between UCC Contracts and Common Law Contracts a. Scope…
Q: Discuss five (5) circumstance each, that could cause termination or renewal of contract between two…
A: The objective of this question is to identify and discuss five circumstances each that could lead to…
Q: With reference to contract law terms: a) Define exclusion clauses and what their effect is.…
A: Contract law is a crucial aspect of legal systems, governing the rights and obligations of parties…
Q: Under what circumstances will the common law recognize and enforce oral contracts for the sale or…
A: Contracts, which are agreements between parties that establish legally binding obligations, are the…
Q: Explain the essential elements of a valid contract, including offer, acceptance, consideration,…
A: Contracts are legally binding agreements between two or more parties. They are indispensable for…
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: Find a case and explain what went wrong with the contractual situation,
A: Contractual Situation refer to the arrangements and relationships created by the parties through a…
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: Discuss the six main remedies of breach of contract in business law
A: Change order correctly minimizes the risk, improves its chances of approval, and also helps get…
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: e duties discharged by a party under a c
A: Contract: a composed or spoken understanding, particularly one concerning work, deals, or tenure,…
Q: Contractual disputes could be time-consuming, expensive and difficult. They can damage…
A: A contractual dispute arises when one or more parties involved in a contract disagree on the…
Q: In Melodee Lane Lingerie Co. v. ADT Co., the service contract's limitation of liability clause was…
A: A limitation of liability clause is a contractual term that restricts the amount of money or damages…
Q: What are the key elements of a valid contract, and what remedies are available for breach of…
A: A valid contract is a legally binding agreement that involves the mutual exchange of promises or…
Q: Contracts are very important in today’s world. The courts use the Objective Theory of Contracts to…
A: I agree with the statement that the Objective Theory of Contracts can be too narrow and that the…
Q: Tying contracts, which is prohibited under the Clayton Act, refers to the situation where a producer…
A: In the realm of antitrust law, particularly under the provisions of the Clayton Act, certain…
Q: A court can award several alternative remedies to a plaintiff for a defendant's breach of contract.…
A: Specific performance implies satisfying a guarantee made under an agreement as concurred. A…
Q: Briefly describe some of the out-of-court remedies for breach of contract, and briefly explain the…
A: A breach of contract is defined as an act of failing to observe a law, agreement, or code of…
Q: Three cases have been presented to your law office. In each case, your client believes the other…
A: Law plays an integral role in making the judgements related to complex situations. It helps in…
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- A buyer bought a property without telling the seller or broker of his intended purpose for the property. The contract contained no contingency clauses and was properly signed and executed. He became very angry when he was unable to obtain the zoning for the commercial project he had planned and now wants to declare the contract null and void and get his money back. What is the status of the contract at this time? O This is a breach of contract since the buyer cannot use the property. . This is an implied, valid contract. O This is a voidable, enforceable contract. O This is a valid, enforceable, executed contract.What are the key elements of a valid and enforceable contract, and what remedies are available in case of contract breaches?Case 5 P Corp, a retailer of women’s fashion accessories, contracted Sandra as their purchasing agent. The agency contract expressly stipulates that Sandra is not allowed to enter into contract in excess of $50,000.00 without first obtaining approval from P Corp. On a number of occasions, Sandra negotiated the purchase of quantities of costume jewellery from Z Inc for prices varying between $30,000 to $45,000.00. Recently, Sandra placed an order with Z Inc for goods at a price of $60,000.00 and without consulting P Corp. Z Inc did not question the order. Two weeks after, Z Inc received payment from P Corp. Sandra was reprimanded by P Corp and, again, reminded of her $50,000.00 limit. Despite the warning, Sandra placed another order of $55,000.00 from Z Inc. This time P Corp refuse to pay and demanded Z Inc to take back the goods. Issues: Is Sandra acting on actual or apparent authority? Is the principal bound by the action of the agent, Sandra? Please state your reasons
- Live The Dream Ltd provides a limousine and driver hire service. All of the company’s clients sign the company’s standard contract. The contract includes a clause, within the standard terms and conditions, that states: ‘Live The Dream Ltd accepts no liability whatsoever for any financial loss, property damage or personal injury incurred during the hire period’. Leona hired a limousine and driver for her 40th birthday night out. She signed the standard contract which included the standard terms and conditions and paid £500, the full cost of the hire, in advance. When Leona was getting into the limousine at the start of her night out, the vehicle was nudged from behind by a passing car. As a result, the limousine rolled forward and ran over Leona’s foot. Leona’s foot was badly bruised and Leona was in too much pain to continue with her birthday night out. The other vehicle involved drove off, and all subsequent attempts to identify the vehicle and the driver failed. Live The Dream Ltd…Provide the legal definition of a contract.Should FedEx be liable for the alleged loss of valuable rare coins when FedEx did not know what the package contained. Rykard v. FedEx Ground Package System.
- 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.The elements of a valid contract is an offer, acceptance, consideration and intention to contract. An offer and acceptance equals an agreement. While consideration can be defined as something in the eyes of the law which can compensate or be adequate compensation for the promise to do an act. However, consideration is not an essential element in any contractual agreement. Parties to a contract simply have to establish an agreement and consideration can be ignored. Critically discuss. Requirements 1- An introduction and a conclusion. 2- A critical discussion on the concept of what are the elements of a valid consideration, inclusive of rules governing a valid consideration. Use landmark cases such as: Chappell and Co v Nestle Ltdjones vs padavattonstilk v myrickfisher vs bellhyde v wrenchhyde vs wrenchCurrie v Misa . Provide scholarly referencesTrue or False Compensatory damages are rarely awarded in contract cases.
- Explain the concept of contract law. What are the essential elements of a contract, and what types of contracts are enforceable? What remedies are available for breach of contract, and what steps can a business take to minimize its liability for breach of contract?Identify FOUR (4) ways to terminate a contract, esplain it briefly and include examplesEconomy Forms Corp. sold concrete-forming equipment to Kandy. After using the equipment for more than six months, Kandy notified Economy that the equipment was inadequate. Economy Forms alleged that Kandy had accepted the goods. Kandy denied liability. Was there an acceptance? Why or why not?