The element of intent is not very important in determining whether a contract has been formed....

Question

Question

Answer 1

Answer #1

False

The statement is false because the intent (reason behind doing so) is prima facie in determining whether the contract has been formed

Comment if you face any issues

Answer 2

Similar Homework Help Questions

3. Intent to enter into a contract is important in the contract’s formation. Intent is determined...

3. Intent to enter into a contract is important in the contract’s formation. Intent is determined by the objective theory of contracts. That is, it is judged by outward, objective facts as they would be interpreted by a reasonable person, rather than by the party’s own secret, subjective intentions. Summarize your understanding the objective theory, and identifying facts and circumstances that should be considered by the court when enforcing the contract, in determining what are the terms of the contract?...
determine whether TRUE/ FALSE/ UNCERTAIN and Explain The collective action model of lobbying has been very...

determine whether TRUE/ FALSE/ UNCERTAIN and Explain The collective action model of lobbying has been very successful at explaining actual trade policy outcomes.
Discussion Topic 3 (DQ3): Lucy v. Zehmer, Contract Formation, and Intent Lucy v. Zehmer is famous...

Discussion Topic 3 (DQ3): Lucy v. Zehmer, Contract Formation, and Intent Lucy v. Zehmer is famous case in contract law and establishes a legal principle that is still followed today. What are the primary elements of a Contract? What facts about the case do you find important/interesting? What is the important principle of law determined in the case? What element of contract law does the case implicate?

In most situations, the timing rules of common law that determine when a contract has been...

In most situations, the timing rules of common law that determine when a contract has been formed are identical to those used under Article 2. True False
Phil agrees to work for Vacation Resorts, Inc., as a chef. In determining whether a contract...

Phil agrees to work for Vacation Resorts, Inc., as a chef. In determining whether a contract has been formed, an element of prime importance is the parties' intent. Phil's rate of pay. the duration of the work. Vacation Resorts's facilities. Question 2 Mary promises to pay her assistant Ned $10,000 in consideration of the services he provided over the years. Mary never pays Ned. Mary is liable for payment of the $10,000. liable only if Ned still works for Mary....
Are fixed costs relevant in determining whether or not economies of scale are an important determinant...

Are fixed costs relevant in determining whether or not economies of scale are an important determinant of market power? Why?

2) Transportation costs play a major role in determining whether or not a product is tradeable. TRUE FALSE EXPLAIN: 3)...

2) Transportation costs play a major role in determining whether or not a product is tradeable. TRUE FALSE EXPLAIN: 3) Multilateral trade policy conducted by GATT and WTO has had an easier time rolling back non-tariff barriers to trade than lowering tariffs. TRUE FALSE EXPLAIN:
In determining VO2 max i) What criteria justifies whether VO2 max has been reached and justify....

In determining VO2 max i) What criteria justifies whether VO2 max has been reached and justify. ii) If only VO2 peak can be seen graphically can this also reflect VO2 max. Explain
In a test for determining whether two population variances are the same or different, the larger...

In a test for determining whether two population variances are the same or different, the larger the sample sizes from the two populations, the lower will be the chance of making a Type I statistical error. A) True . B) False

An executive corporate officer can normally conduct ordinary business transactions without first obtaining the corporation's written...

An executive corporate officer can normally conduct ordinary business transactions without first obtaining the corporation's written authority. a. True O b. False The use of a letter of credit in a transaction for the international sale of goods greatly reduces costs in the deal because the issuer a. has the obligation to police the underlying contract. b. pays only against the facts reflected in documents presented by the beneficiary. O c. does not inquire into whether the contract conditions have...