Xavier and Adam enter into a written contract for the sale of DJ equipment. Their contract states that risk of loss shall pass to the buyer at the time the contract is signed. Since this is contrary to Article 2 of the UCC, this clause is unenforceable. True False
Q: Gary contracts with Dan to buy Dan a new car manufactured by General Motors Corporation (GMC). GMC…
A: Answer : Correct answer is (a) - an intended beneficiary. Gary contracts with Dan to buy Dan a new…
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: Jim sold his house to Ben for $100,000 on May 1, 2001. Today is June 1, 2001. The court determined…
A: The Indian Contract Act, 1872 defines the word “Contract” under its section 2 (h) as “An agreement…
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: Betty has agreed to sell her boat to Angela for $9,750. However, when Angela goes to Betty's house…
A: Breach of contract is a result of failure to ensure that the promises made in the contract are…
Q: Forest Running Shoes, a sneaker store, orders three hundred pair of running shoes from Mercury…
A: The concept of "identification" is crucial in the context of a sale of goods. Identification refers…
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: While in her second year at the Juilliard School of Music in New York City, Ann Rylands had a chance…
A: Firstly, we need to understand the concept of ownership transfer. In this case, the ownership of the…
Q: Marigold finds her dream home in the Rocky Mountains. She wants to buy it but is unsure whether she…
A: The objective of the question is to identify the type of contractual condition that Marigold has…
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: Please provide Reaction to statement below: William refrained from certain behaviors, as requested…
A: The case of William, who refrained from certain behaviors at the request of his uncle in exchange…
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: 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: Under the frustration of purpose doctrine, performance is excused when: Group of answer choices 1.…
A: The frustration of purpose occurs when an unforeseen event undermines a party's principal purpose…
Q: Define the term "unconscionable" and describe the effect of an unconscionable contract.
A: Unconscionable: Unconscionable defines that unusually harsh and shocking to the…
Q: Samantha signs a contract to buy a brand-new unit in Kogarah. The contract is subject to an extended…
A: A contract is an agreement between two or more parties that is binding in a legal way. If 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: 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: Even if a right is transmissible if the parties to a contract agree that it is not transmissible.
A: Contracts are legally binding agreements between two or more parties, outlining the terms and…
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: James sold his 1965 e-type jaguar car to Shirley for $18,500. During the negotiations James claimed…
A: A valid contract typically requires the following elements: offer, acceptance, consideration,…
Q: If one party to a contract uses any form of unfair coercion to induce another party to enter into or…
A: True.
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…
Q: Damages and Equitable Remedies (a) How are damages different than equitable remedies? (b) If…
A: 1. (a) Damages and equitable remedies are separate legal notions used to rectify breaches of…
Q: Nolan agreed orally with Train to sell Train a house for $100,000. Train sent Nolan a signed…
A: The Statute of Frauds is a legal doctrine that requires certain types of contracts to be in writing…
Q: Ming entered into a contract with Lee to supply Lee with smuggled cigarettes. Lee received the…
A: In this scenario, Ming and Lee entered into a contract for the supply of smuggled cigarettes which…
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: 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: Jasper Bakery Limited signed a purchase order to buy 50 kg of butter from a farmer over the next…
A: When it comes to interactions between individuals, contract law is like a peaceful director who…
Q: ‘The capacity to incur liability on negotiable instruments is co- extensive with the capacity to…
A: A negotiable instrument is a legally binding agreement that ensures payment to a certain individual…
Q: Emily, seeking to induce Nishi Whiskey, LLC (Nishi), to make a contract to buy a tract of land at a…
A: Voidable contract refers to the formal contract between two or more parties and it is a valid…
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…
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- Xavier purchased a condominium unit at Atmos Towers in January 2018 for P 3,000,000. In the agreement, Xavier will pay a 20% downpayment and thereafter pay a monthly installment fee of P 65,000 for 60 months. In June 2020, or after paying 29 monthly installments, Xavier failed to pay his obligations because his fast-food business went bankrupt due to the pandemic. (a) What are the rights of Xavier under the Maceda Law? (b) In the above case, how much is the cash surrender value that must be returned to Xavier in case he fails to pay after the grace period?Dorian breeds Scottish Fold kittens and informs Stevie that she is a cat breeder. Stevie says she is interested in purchasing one of her kittens. Dorian calls Stevie a month later and says Stevie’s kitten is ready for pickup and Stevie owes her $1,000. Stevie refuses, stating they did not have a valid contract. Dorian states they did have a valid contract. Who is correct?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 agree
- 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 FalseRamona Smith spilled orange juice on her computer two days before her term paper was due. Ramona desperately needed a new laptop, so she went online and found a laptop that fit her needs. She emailed the seller, Effie Frost, expressing her desire to purchase the laptop. Effie ernailed Ramona back and said that she (Effie) would sell Effie's laptop to Ramona for $300. An hour later, Ramona and Effie signed the following agreement: "1, Effie Frost, agree to sell my laptop computer to Ramona Smith for Four Hundred Dollars and zero cents. This is the entirety of the agreement. This agreement supersedes any and all other agreements made by the seller and the buyer." Ramona now claims that she should only pay $300 for the laptop because during that initial email exchange with Effie, Effie told Ramona that $300 was the price of the laptop, and she has the email exchange as evidence of the price quote of $300. What legal concept could be used to enforce the contract for $400? O Condition…Owe
- Daniel, a property developer, is selling a house to Peter, who is 25 years old and intellectually impaired. Houses of an equivalent size and quality in the area generally go for about half the price that Daniel has negotiated with Peter. Peter has paid the deposit and waived the cooling off period under the contract. Peter’s cousin, Jeremy, learns of the deal and is very concerned. Jeremy is Peter’s legal guardian. What can he do legally to help Peter? (Explain how those laws may be interpreted by existing common law and equitable rules and applied to property laws).A. 1. X, Y, and Z, co-owners, sold a inverter air-condition unit to A. They solidarity bound themselves to deliver the aircon unit in March 30. Through the fault of Y, the aircon unit was completely destroyed . Give the rights and obligations of the parties. B. 1. Joe, Nicolas, and Dante obliged themselves jointly to deliver to Ricky a particular racing horse on April 1. Their agreement which was made known to Ricky is that they will contribute the amount in buying the particular horse. However, the horse was not delivered on the date due because of failure of Nicolas to give his share of the purchase price. State the rights and obligations of the parties. 2. Dindo binds himself to pay his P20,000 loan in four (4) equal monthly installments. Is the obligation of Dindo divisible or indivisible? C. 1. Jaevis promised to deliver to Kyle a breeding cow. Their contract contains a penal clause that in the case of non-fulfillment, Jaevis Shall pay a penalty of P10,000. Jaevis wants to juts…What is the basis for enforcing a contract under the doctrine of promissory estoppel?
- 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 defectsEvaluate when a promise is enforceable, the elements of a contract, performance, and the remedies available in the event of breach.Can the certainty of the object of the contract be negated by the failure of the parties to state the exact location of the property in the contract?