Which of the following is not a real contract? a. Mutuum b. Commodatum c.Deposit d. None of the above
Q: Standard form contracts are just as enforceable between businesses as contracts that result from…
A: Standard form contracts refer to the contracts between two businesses or parties that do not permit…
Q: Define the term contract and list all the essentials of a valid contract.
A: Definition. An understanding between private gatherings making shared commitments enforceable by…
Q: Suppose that bank A buys a car for client B, and resells the car to the client. The bank and the…
A: The contract where the bank acquires the commodity and sold to the consumer is known as the Murabaha…
Q: Which of the following is created once an offer has been unconditionally accepted? A. A conditional…
A: A binding contract is created once an offer has been unconditionally accepted.
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: Based on Contracts Act 1950, explain any THREE (3) ways how a proposal can be revoked.
A: There could also be situations where an offeror who has communicated his offer changes his mind and…
Q: Which of the following is NOT an element of a checklist to determine if a contract has been formed…
A: A contract is a legally enforceable agreement that establishes the rights and obligations of two or…
Q: Is there a best method to use in closing the sale? Explain...
A: Selling is the chief business operation because the fate of the product depends upon how effective…
Q: Which of the following is the first element of a contract? Multiple Choice An agreement Forbearance…
A: Contracts are legally binding agreements that establish the rights and obligations between parties.…
Q: 1. List the 4 parts of a contract. 2. Please put in your own words…What is the Objective…
A: Contract law is a branch of civil law that deals with the creation and enforcement of agreements…
Q: Margaret and Levi enter into a contract in which Margaret agrees to wash Levi's car once a week as…
A: The objective of the question is to identify the type of conditional contract in the given scenario.…
Q: The offer can be terminated for all of the following reason except
A: An offer is a conditional proposal made by a buyer or seller to buy or sell an asset, which becomes…
Q: A covered call position is A. the simultaneous purchase of the call and the underlying asset. B.…
A: Ans : (D) the purchase of a share of stock with a simultaneous sale of a call on that stock
Q: 1. X borrows money from a bank memorialized by a written loan agreement. Z orally promises the…
A: Collateral promise refers to a scenario in which the guarantor agrees to pay the debts of a…
Q: Contract without consideration is an invalid contract. Explain with examples
A: An agreement without consideration is not considered valid.
Q: What happens when a party with the right to avoid a contract chooses to not avoid it? a. The…
A: Contracts are legally binding agreements between two or more parties, and they define the terms and…
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: What is the effect of variation of terms of the principal contract on a contract of guarantee?
A: A contract of guarantee is a legal agreement where one party, called the guarantor, agrees to take…
Q: Which of the following statements is CORRECT about beneficiary dispon A ОВ Ос D. By naming an…
A: The objective of the question is to identify the correct statement about beneficiary disposition in…
Q: The lawyers of Leo's estate put an auction ad in the local newspaper asking "without reserve" bids…
A: Without Reserve: In an auction "without reserve," the seller (the estate of Leo) agrees to sell the…
Q: Contracts have to comply with prescribed formalities not only to be valid but also to be effective…
A: A contract is an agreement between two or more parties who agrees to create a commitment. It is a…
Q: Insufficiency of consideration is immaterial; but agreement without consideration is void. Discuss .
A: The legal framework governing the enforceable agreements between two or more parties is known as the…
Q: 12 A bill of lading that states"consigned toJ. Smith" is a ? A .short form bill of lading…
A: A bill of lading is described as the document (legal) that is issued to a shipper by a carrier and…
Q: Your insured holds a property insurance policy and dies. Shortly afterwards, a fire damages the…
A: “Note:Since you have posted multiple questions, we will provide the solution only to the first…
Q: - An offer may lapse by A. Revocation B. Counter Offer C. Rejection of offer by offeree D. All of…
A: There are few reasons due to which an offer lapses. Few reasons are as follows:-
Q: An offer was presented but the seller did not accept the offer, instead, he suggested different…
A: An offer is simply referred to as a proposal made by a party called an offeror to another party…
Q: An intoxicated person who enters into a contract without appreciating the rights and duties which…
A: Contract defines a mutual agreement which states about a promise which both parties have agreed to…
Q: A contract Question 12Answer a. may become void at the will of party. b. cannot become void…
A: The correct answer is: c. may become void subsequent to its formation Explanation: A contract may…
Q: When a title of a house and lot is delivered to you upon paying the amount agreed upon, is there a…
A: A contract of sale is a legal agreement between two parties, the seller and the buyer, whereby the…
Q: (12) The agreement which caused by fraud, coercion and misrepresentation is called..... a) Void b)…
A: A commitment which has been given by one party to another party is referred to be as agreement.
Q: You have a job bidding provision in the contract which says. Vacancies in bargaining unit positions…
A: Recruiting the right candidate could be a challenging task for the recruiter. The job requirement of…
Q: How is an offer accepted? Describe the rules for the manner of acceptance
A: In basic words, acceptance is an articulation by the offeree of his eagerness to be limited by the…
Q: Bill offers to sell his car to Tom for $9,000. Tom replies, “Your price is too high! I will offer to…
A: In the given situation, when Tom offers to buy Bill’s car for $8000 when the original offer of Bill…
Q: Discuss two (2) types of contracts
A: Note: The answer is provided in a generalized way. Note: As per Bartleby expert guidelines an expert…
Q: Acceptance must be absolute,and must correspond with the terms of the offer. Discuss .
A: Contracts are legally binding agreements between two or more parties to fulfill or abstain from…
Q: Every promise and every set of promises, ------------------------is an agreement 1. In exchange for…
A: A promise might include anything from straightforward verbal pledges to intricate formal contracts.…
Q: An insured's house is destroyed by fire and due to local by-laws, has to be rebuilt with more…
A: Note: “Since you have posted multiple questions, we will provide the solution only to the first…
Q: When a man purchased land to build his house, a mortgage lien was placed on the property and…
A: A mortgage lien is the right of the lender to take the property if there is a failure in the…
Q: Late one evening Charles and Henry are discussing the purchase and sale of $2,500 of coffee shop…
A: Contracts are legally valid agreements signed by two or more parties. These agreements can be…
Q: All contracts should be made in writing (True or False) (Justify with example or explanation)
A: Yes, All contracts should be made in writing . Most contracts can be either written or oral and…
Q: Initial impossibility of performance renders a contract...
A: The simple fact that the execution of the assumed obligation was unlikely at the time of the…
Q: Consideration is a key requirement of all contracts. Define consideration and give examples of each…
A: A legally binding agreement between two or more parties known as a contract imposes obligations on…
Q: List the six (6) types of contracts that must be in writing.
A: Contract refers to the voluntary arrangement between two or more parties is a legal agreement and…
Which of the following is not a real contract?
a. Mutuum
b. Commodatum
c.Deposit
d. None of the above
Step by step
Solved in 3 steps