A party's obligation or liability under a contract can only be transferred to another person when...
A party's obligation or liability under a contract can only be transferred to another person when all the parties agreed. This is called ________. It is a tripartite agreement..
Homework Answers
Constract delegation
constract delegation is the transfer of obligation to third party when all parties agreed.For instance, if one party is obligated to paint the other party’s house, they can sometimes hire an outside party to do the painting for them.
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A party's obligation or liability under a contract can only be
transferred to another person when...
44. Agreements under the “Statute of Frauds” must: a. be in writing b. be for under...
44. Agreements under the “Statute of Frauds” must: a. be in writing b. be for under $100.00 c. be on legal paper d. be notarized e. all of the above f. a and d only 45. An “illegal agreement” is one that will not be enforced because it violates: a. mirror reflection rule b. statutory law c. mutual rescission d. discord and satisfaction e. all of the above 46. The “parole evidence rule” related to contracts may refer to: a....
Think of a contract as a private set of laws that only apply to the two...
Think of a contract as a private set of laws that only apply to the two parties who signed it. Those two parties have determined and agreed to the subject, consideration, timing, duration, etc. for the contract. Generally, the court does not interfere with the parties’ agreement, except in certain circumstances (e.g. if the subject of the contract violates public policy). When a contract is breached and a lawsuit is filed, the court will generally award compensatory damages that make...
Think of a contract as a private set of laws that only apply to the two...
Think of a contract as a private set of laws that only apply to the two parties who signed it. Those two parties have determined and agreed to the subject, consideration, timing, duration, etc. for the contract. Generally, the court does not interfere with the parties’ agreement, except in certain circumstances (e.g. if the subject of the contract violates public policy). When a contract is breached and a lawsuit is filed, the court will generally award compensatory damages that make...
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...
The courts will presume that a written contract which appears complete on its face contains the...
The courts will presume that a written contract which appears complete on its face contains the whole agreement and will not permit a party to add to or vary or contradict the written agreement. This is called the… parol evidence rule postal acceptance rule business judgment rule privity of contract rule An injunction is a… court order requiring a person to fulfil their agreement under a contract remedy available where someone has benefited at the expense of someone else...
T or F qiestion in bissineess low please can u answer me Interference with an owner's...
T
or F qiestion in bissineess low please can u answer me
Interference with an owner's use or enjoyment of the land constitutes the tort of trespass to land. If one enters into someone else's land with permission, but stays on that land after that permission Question 30 1 promise lacks consideration if a person premises to perform an act or to do something he or she is already under an obligation to do Promises made out of a sense...
Under the Parol Evidence rule the court will presume that? Select one: a. An oral contract...
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...
34 34 Unit Three Discussion Question The concept of business torts is an interesting area of...
34 34 Unit Three Discussion Question The concept of business torts is an interesting area of the law. We learned that a Tort is a violation of a known legal duty owed to another person (as opposed to contract liability that only arises if both parties to a contract voluntarily enter into an agreement). Most business against business legal controversies involve breach of contracts, but under certain areas of tort law, one business can owe a duty of care to...
34. In general, contract rights may be assgned. Which of the following types of contract rights...
34. In general, contract rights may be assgned. Which of the following types of contract rights may not be assined? a. personal service contracts assignments of future rights c. contracts for the sale of goods d. A and C only e. A and B only b. 35. Smith tells Jones that he is forming a partnership to invest in a diamond mining operation in South Africa and invites Jones to invest in this lucrative business venture. Jones signs the partnership...
A Limited Liability Company (LLC) can be formed with only 1 member. True False QUESTION 11...
A Limited Liability Company (LLC) can be formed with only 1 member. True False QUESTION 11 The type of liability where every party is only liable for their pro-rata share of the indemnity is called: O Joint Liability Several Liability Joint and Several Liability All of the above QUESTION 12 The Financing form where a company sells the Accounts Receivable due from its customers is called: Account Receivable Credit Line Factoring Asset Backed Loan SBA Loan Indemnity is a sum...
T
or F qiestion in bissineess low please can u answer me
Interference with an owner's use or enjoyment of the land constitutes the tort of trespass to land. If one enters into someone else's land with permission, but stays on that land after that permission Question 30 1 promise lacks consideration if a person premises to perform an act or to do something he or she is already under an obligation to do Promises made out of a sense...
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...
34 34 Unit Three Discussion Question The concept of business torts is an interesting area of the law. We learned that a Tort is a violation of a known legal duty owed to another person (as opposed to contract liability that only arises if both parties to a contract voluntarily enter into an agreement). Most business against business legal controversies involve breach of contracts, but under certain areas of tort law, one business can owe a duty of care to...
34. In general, contract rights may be assgned. Which of the following types of contract rights may not be assined? a. personal service contracts assignments of future rights c. contracts for the sale of goods d. A and C only e. A and B only b. 35. Smith tells Jones that he is forming a partnership to invest in a diamond mining operation in South Africa and invites Jones to invest in this lucrative business venture. Jones signs the partnership...
A Limited Liability Company (LLC) can be formed with only 1 member. True False QUESTION 11 The type of liability where every party is only liable for their pro-rata share of the indemnity is called: O Joint Liability Several Liability Joint and Several Liability All of the above QUESTION 12 The Financing form where a company sells the Accounts Receivable due from its customers is called: Account Receivable Credit Line Factoring Asset Backed Loan SBA Loan Indemnity is a sum...
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