1: What is the difference between a void contract and a voidable contract? Explain. 2: What...
1: What is the difference between a void contract and a voidable contract? Explain.
2: What is the difference between an assignment and a delegation?
3: In what 3 circumstances can a delegation of duty be prohibited?
4: What contracts must be in writing to be enforceable?
5: What is the state statute that requires certain types of contracts to be in writing to be enforceable?
6: Suppose you apply to be a Jimmy John’s delivery driver but find that the application includes a noncompete clause stating that you cannot work for any similar service (example: Domino’s) while working for Jimmy John’s and for 6 months after leaving Jimmy John’s. Is that legal? Explain.
7: Explain each of the four broad categories of damages.
8: Explain privity of contract.
9: What is the difference between an accord and satisfaction from a novation?
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1: What is the difference between a void contract and a voidable
contract? Explain.
2: What...
Explain when a contract has to be in writing. 2. Duress B. A beneficiary that cannot...
Explain when a contract has to be
in writing.
2. Duress B. A beneficiary that cannot enforce the contract between original parties. _3. Statute of frauds C. Knowledge 4. Parol Evidence Rule D. A transfer of rights to another. 5. Condition subsequent E. Being deceived as to the nature of the contract being signed. 6. Condition precedent dent F. A substituted contract involving two parties compromising their dispute. 7. Novation G. An equitable remedy used to enforce contract. H. A...
Which of the following is NOT a contract? A promise to purchase a computer given in...
Which of the following is NOT a contract? A promise to purchase a computer given in exchange for a promise to pay $1200.00. A promise to clean an apartment in exchange for a promise to pay $35.00. A promise to cook dinner for a sick friend. All of the above are contracts. QUESTION 2 Which of the following is a VOIDABLE contract? A contract by a 17 year old to purchase a computer. A contract by a repair shop to...
1. Which of the following is a material breach of contract? Explain why. A. Homeowner contracts...
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Chapter 13 Explain the difference between bilateral and unilateral mistake. List and describe the equitable remedies...
Chapter 13 Explain the difference between bilateral and unilateral mistake. List and describe the equitable remedies that a court can grant. List and describe the remedies at law the court can grant. What things can effect a person’s voluntary consent? List the three things you need to show to prove Fraudulent Misrepresentation? List and define the six contracts that fall under the statute of frauds. What is difference between complete and substantial performance? What is the difference between assignment and...
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Lee and Mary want Nick to replace Lee as a party to their contract. They can...
Lee and Mary want Nick to replace Lee as a party to their contract. They can best accomplish this by agreeing to an accord and satisfaction. an assignment. a novation. a nullification. Which of the following is a true statement? In a limited liability company in the U.S., members cannot participate in management. In a limited liability company in the U.S. members must participate in management. The typical state limited liability company (LLC) statute in the U.S. would provide that...
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Explain when a contract has to be
in writing.
2. Duress B. A beneficiary that cannot enforce the contract between original parties. _3. Statute of frauds C. Knowledge 4. Parol Evidence Rule D. A transfer of rights to another. 5. Condition subsequent E. Being deceived as to the nature of the contract being signed. 6. Condition precedent dent F. A substituted contract involving two parties compromising their dispute. 7. Novation G. An equitable remedy used to enforce contract. H. A...
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