Mutually exchanged consideration is always required to make an agreement an enforceable contract. True or False...
Mutually exchanged consideration is always required to make an agreement an enforceable contract.
True or False
An offeror can use the "mail box" rule to revoke an offer. According to the rule, the revocation is effective at the time of mailing, not when the post office delivers it to the offeree.
True or False
Homework Answers
1.
True
- The given statement is true to the context.
2.
True
- The given statement is true to the context.
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Mutually exchanged consideration is always required to make an
agreement an enforceable contract.
True or False...
An offeror can use the "mail box" rule to revoke an offer. According to the rule,...
An offeror can use the "mail box" rule to revoke an offer. According to the rule, the revocation is effective at the time of mailing, not when the post office delivers it to the offeree. True or False
11. An enforceable contract always requires which one of the following: a, mutual consideration b, a...
11. An enforceable contract always requires which one of the following: a, mutual consideration b, a warranty c) a written document d) a statute authorizing the contract e) a sale 12. Sandra sued her supervisor, and her employer (the Boeing Co.). claiming that she was sexually harassed on the job, by her supervisor, who was trying to get Sandra to give him sexual favors in return for a promotion If Sandra wins the case against the supervisor and Boeing, then...
5. (True/False). Under the UCC, if certain contract terms, such as price or time of delivery...
5. (True/False). Under the UCC, if certain contract terms, such as price or time of delivery are left open, it is not acceptable to fill in these terms. 6. (True/False). The "mirror image rule" is a UCC principle which provides that the acceptance of an offer must be on identical terms to the offer. 7. This rule is a legal rule/concept that provides that the written sales contract is the final expression of the parties' agreement and neither party can...
True or False ? A party who promises to complete a job according to the terms...
True or False ? A party who promises to complete a job according to the terms of a contract signed in the past has not given consideration due to past consideration. 28. The terms “bilateral” and “unilateral” as applied to contracts are based on: a. The number of parties in a contract. b. The number of attempts made to form a contract. c. What the offeree must do to accept the offer. d. What the offeror...
Business Law Questions I need help on, not sure if the first few are correct or...
Business Law Questions I need help on, not sure if the
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NAME True TRUE OR FALSE (2 Points Each) . In order to be legally valid, a contract must be in writing 2. A valid contract is one that meets all of the requirements of a enforceable contract. 3. An implied contract is formed by conduct nel 7 ....
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Question 14 (2 points) Saved While having lunch at a Wendy's restaurant, Karin offers Sebastian her...
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11. An enforceable contract always requires which one of the following: a, mutual consideration b, a warranty c) a written document d) a statute authorizing the contract e) a sale 12. Sandra sued her supervisor, and her employer (the Boeing Co.). claiming that she was sexually harassed on the job, by her supervisor, who was trying to get Sandra to give him sexual favors in return for a promotion If Sandra wins the case against the supervisor and Boeing, then...
5. (True/False). Under the UCC, if certain contract terms, such as price or time of delivery are left open, it is not acceptable to fill in these terms. 6. (True/False). The "mirror image rule" is a UCC principle which provides that the acceptance of an offer must be on identical terms to the offer. 7. This rule is a legal rule/concept that provides that the written sales contract is the final expression of the parties' agreement and neither party can...
Business Law Questions I need help on, not sure if the
first few are correct or not.
It is more of a Business Law Questions
These questions are either true or false.
NAME True TRUE OR FALSE (2 Points Each) . In order to be legally valid, a contract must be in writing 2. A valid contract is one that meets all of the requirements of a enforceable contract. 3. An implied contract is formed by conduct nel 7 ....
31. Seller delivers goods to Buyer who agrees to pay the S5.000. Price in 60 days. Selle following is false? a. Upon receipt of notice of the assignment, Buyer (the obligor) must pay Bank to b. Seller (the assignor) has no right to make further assignments or collect c. Seller is obligated to pay the assignee in the event the buyer fails to pay. d. After notice of the assignment, Bank (the assignee) can sue Buyer directly if Buye does...
Question 14 (2 points) Saved While having lunch at a Wendy's restaurant, Karin offers Sebastian her priceless original Gauguin painting for $1 because "Sebastian is a good friend and always has been there for her. Karin, a notoriously bad speller, writes the following short agreement on the back of a heavily used yellow paper napkin using multicolored crayons: "I, Karin Miller, herebeye sel to my bestest friend and solemate, Sebastian Jones, my original Goguin peinting (called Summer at the Beech)...
1. Which of the following is true about a promissory estoppel? A) It is invoked in cases having incompetent parties. B) It permits a court to order enforcement of a contract that lacks consideration. C) It allows for a party to claim goods that were never paid for. D) It is invoked in cases that involve a promissory note. 2. Which of the following is true for a minor under the infancy doctrine? A) A minor is bound to the...
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