Company JRSF hired company HJDE to excavate and grade a land which is part of a residential project. The project is financed by bank CC. Company HJDE received 90 % of total payments after finishing half work and anticipated that the last payment was due. The contractor filed suit against bank CC for non-payment of the due amount. The Bank specifies the reason that HJDE did not receive the due payment because it had failed to obtain an engineer’s certificate of completion. To find: The type of contract condition required to obtain the engineer’s certificate.

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QUESTION 1 Which of the following is a FALSE statement? A. The E-Sign Act completely prevents the use of electronic signatures for contracting on the Internet. B. If an employer wants to preserve the at-will employment status of his or her employees, the employer should insert disclaimers in its codes and handbooks that nothing therein can be construed to create an express or implied employment contract. C. A basic principle of the National Labor Relations Act is that employers cannot terminate employees in order to discourage or encourage union membership. D. “Going public” by a company offering to sell shares of stock to the public typically results in access to broader financial markets from which to obtain capital. QUESTION 2 1. The tort of assault and the tort of battery are: A. Two names for the exact same tort. B. Strict liability torts. C. Independent torts which can occur separately from one another. D. Require proof of each of the separate elements of negligence.…

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Chapter 13, Problem 7BCP

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Case summary: Company JRSF hired company HJDE to excavate and grade a land which is part of a residential project. The project is financed by bank CC. Company HJDE received 90% of total payments after finishing half work and anticipated that the last payment was due. The contractor filed suit against bank CC for non-payment of the due amount. The Bank specifies the reason that HJDE did not receive the due payment because it had failed to obtain an engineer’s certificate of completion.

To find:The type of contract condition required to obtain the engineer’s certificate.

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QUESTION 1 Which of the following is a FALSE statement? A. The E-Sign Act completely prevents the use of electronic signatures for contracting on the Internet. B. If an employer wants to preserve the at-will employment status of his or her employees, the employer should insert disclaimers in its codes and handbooks that nothing therein can be construed to create an express or implied employment contract. C. A basic principle of the National Labor Relations Act is that employers cannot terminate employees in order to discourage or encourage union membership. D. “Going public” by a company offering to sell shares of stock to the public typically results in access to broader financial markets from which to obtain capital. QUESTION 2 1. The tort of assault and the tort of battery are: A. Two names for the exact same tort. B. Strict liability torts. C. Independent torts which can occur separately from one another. D. Require proof of each of the separate elements of negligence.…

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