The effect of this makes a contract unenforceable, and a court will not usually aid either party; contract is often void because the parties are “in pari delicto” (10 letters)
An illegal contract is void and will be deemed to have never existed. Also the contract is void because both the parties are equally at fault. That is the contracts would be considered void ab initio. The courts in these cases do not aid either party. If there are justifiable ignorance than the court will not enforce the contract but will try to bring them to their original positions.
The effect of this makes a contract unenforceable, and a court will not usually aid either...
1. Which of the following is true about unconscionable contracts? a. A term is substantially unconscionable if it is imposed upon the weaker party because of inconspicuous print. b. "Unconscionable" is not defined in the Restatement or the UCC. c. Procedural unconscionability arises where the affected terms deprive a party of any real remedy for breach. 2. Which of the following bargains does the court consider illegal? a. Party not equally at fault b. Excusable ignorance c. Contracts interfering with...
30.a. What exception is there in the rule that an agreement is illegal if it tends to compensate a person for the consequences of his own wrongdoing? A) The main exception to this rule is at the level of cancellable contracts. B) The main exception to this rule is in insurance contracts. C) The main exception to this rule is at the level of promises to pay a gambling debt. D) The main exception to this rule is at the...
1. If a legally enforceable contract includes a binding arbitration clause, the parties to the contract under which the dispute arose can go through litigation if one of parties decides to take the dispute to court. True False 2. Veruca Salt, a Michigan resident, buys a used car from Rick's Used Cars, a Michigan business. Two weeks later, the car breaks down, and Veruca learns that it needs a new engine even though she was told the car was in...
Under the Parol Evidence rule the court will presume that?
Select one:
a. An oral contract does not contain all of the terms of the
agreement
b. A written contract contains all of the terms of the
agreement
c. A written contract does not contain all of the terms of the
agreement
d. An oral contract contains all of the terms of the
agreement
The different types of mistake recognised by the law include?
Select one:
a. Mutual, innocent and...
Need help for Business law class, practice
multiple choice questions. Please provide the solutions down below.
I know the picture doesn't really show the full question but just
put A.B.C. or D.
altiple Choice the choice that bess completes the statement or amawers the question Which of the following contracts are manifested by words wither spoken or written? 1. a. implied b. valid e. express. d. executory 2. Which of the following agreement would the court consider void: a. illegnl...
Afer Philios notiied Hooters that she intended to After Phillips notified Hooters that she intended to Tile suit for sexual harassment and employment dis- crimination, Hooters filed suit to compel arbitration compel arbitration. 1. Who prevails and why? 2. Why do you think that Hooters cho chose to include The district court ruled in favor of Phian vod contractsins been P that the arbitration clause was unenforceable and void contracts because it was not a true meeting of the minds...
On May 10, 2020, Swifty Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the full contract price of $2,120 on July 15, 2020. The cost of the goods is $1,490. Swifty delivers the product to Greig on June 15, 2020, and receives payment on July 15, 2020. Prepare the journal entries for Swifty related to this contract. Either party may terminate the contract without compensation until one of...
I am in my Construction Management and trying to
figure out some questions. Pretty much all of them.
2. The purpose of the "Advertisement for Bids" is to a. Inform prospective bidders b. Supplement the Bid Form c. Determine contract responsibilities d. Obtain adequate competition e. a&d 3. Which of the following IS NOT a way a third party may acquire rights under a contract a Assignment b. Succession in office c. Receivership d. Inheritance e Arbitrary allocation 4. Which...
The differences & similarities between the federal & state court systems. 2. The structure of the Washington state court system; i.e. the trial court of general jurisdiction, the intermediate appellate court, the state supreme court. 3. Remember, Washington is in the 9 th Circuit Court of Appeals. 4. Under both the Washington state and federal court system, there is one appeal as of right. Appeals to the Washington Supreme Court(in the state system), or to the U.S. Supreme Court in...