Pat hires him to build a sailboat for Fred. The contract states that “all equipment must be made of titanium.” This term establishes a condition. A. False -que” or “if and only if”, the courts teA discussed in class in relation to the problem of 18-rms in a contract will not be considered conditions1, there are no formulations such as “on the condition that an eminent scholar verbally agrees with a publisher to write a three-volume treatise on the history of the First World War. The last book this researcher wrote took three years to write, and it`s a much larger project. This contract must be in writing to be enforceable. A. False full. Amber cashes the check. She then filed a lawsuit for breach of contract, claiming that she was owed more. Amber will lose A.d. the lawsuit due to agreement and satisfaction. 20.
Contractors LLC is committed to building a store for Discount Retail, Inc. in a specific location. Before construction begins, the local zoning law will be amended to prohibit commercial buildings at this location. In this situation, A.c. the contract is fulfilled. 21. Ricardo enters into an oral contract to sell jerseys worth $600 to John, a third of which is delivered each month for the next three months. Ricardo delivers the first shipment of sweaters and John accepts the delivery. John now refuses to accept further mailings. Given these facts, A.a. John must pay for the first delivery, but Ricardo cannot enforce the rest of the agreement 22. John signs a contract with Katie`s Coin-op Laundry to move fifteen dryers from one of Katie`s locations to another.
John later transferred this task to Loren. Loren is A. a. delegate 23. Rob returns the mileage of a car he sells to Mary, and Mary discovers the deception. The contract is A.b. questionable. 24. Brad tells a shopkeeper, “I can buy 20 of your steaks for $10 each, or I can`t buy any.
It depends on how many people say they will come to my party next week. The shopkeeper said, “I agree. This contract A.b. is illusory 25. Non-compete obligations in employment contracts are A.c. common for management positions. 26. Dino hires Eve to perform at Dino`s Club, but Eve later breaks the agreement to take a higher-paying job at the Five Star Arena. Dino takes legal action against Eve. The court will most likely award damages to A.a. Dino. 27.
Leif enters into an agreement to sell his Micro Brewery & Pub to Naomi on 1 April. On the 15th. In March, Leif tells Naomi that he will not make the deal. Naomi can win back A.c. the Micro Brewery & Pub. Khan offers to buy the 1967 Lonnies mustang only if an appraiser believes it can be restored at a lower price than a certain price. This requirement is that Ann agree to work for carl for a day, but they don`t talk about the salary. Carl sends Ann a cheque that reads “Full Payment.” If Ann cashes the cheque, she can still dispute the amount later. A. False v. Yes.
22. Ranchland Properties and Prairie State Investments sign a written contract for the sale of land. To be enforceable, this contract A. must contain a sufficient description of the property. 23. D`Alemberte instructs Elias to provide personal care services to Federica. This is a third-party beneficiary contract. 24.
Which of the following non-competitive commitments would be most likely to be enforceable? One. After starting his job at Microsoft, a software developer agrees not to work as a software designer for another U.S. computer company for a period of one year. 25. Sylvia offers to “pay Hannah $1,000 if she paints Sylvia`s mother`s house.” Hannah replies, “I agree to paint your mother`s house.” Two months pass, and Hannah never paints the house. Sylvia`s mother is suing for breach of contract. What should be the outcome of this trial? R. Sylvia`s mother will lose because the offer was never accepted.26 John signs a contract with Katie`s Coin-op Laundry to move fifteen dryers from one Katie location to another. John later transferred this task to Loren. Loren is A. a delegate. 27.
If the contractual conditions give a party the right to terminate the contract before the start of the service, A. the contract is illusory. 28. Grain Co-op, LLC and Hearty Cereals, Inc. verbally discuss the terms of a regular corn delivery contract. Grain faxed Hearty a memo on Grain`s letterhead summarizing the points they agreed on, including a two-year term. The grain starts working and Hearty accepts deliveries but refuses to pay. Can Grain get a verdict against Hearty to force the payment? One. Yes, but only for deliveries already made under the partial performance exception. 29. “This Agreement is the complete, final and exclusive agreement between the parties and supersedes all prior or contemporaneous agreements or understandings, written or oral, with respect to its subject matter.” an integration clause.
Contractors Service, Inc. enters into a contract for the construction of a restaurant for Dierdre`s Soup Spoons Bistro, with payment from Dierdre due August 1. On August 1, her bank was closed and, for this reason, she said she could not pay on time. In this situation, Home Construction LLC enters into a contract with Irene to build a house. Before Home starts operating, the market price for its services rises – in fact, Home loses money when it fulfills its contract with Irene. Home informs them that it will not work. The obligation of execution of the company is 1 term, to which is attached more weight than the course of business. A. True 2.
An offer ends automatically when the time specified in the offer has elapsed. a. True A. True 3. Acceptance may substantially modify or supplement the terms of the initial offer without refusing it. A. False 4. In contract law, the term counterparty refers to the serious thinking behind a party`s intention to enter into a contract.
A. False 5. For the consideration to have “legally sufficient value”, it must consist of property or money. A. False 6. Apex enters into written contracts to purchase 5,000 tons of steel for $300 per tonne. The seller supplies the steel. Apex`s debt under this Agreement will be liquidated. A. True 7. Usually, minors can refuse contracts even if they have distorted their age. A.
True 8. Scienter clearly exists when a party knows that a fact is not as indicated A. True 9. As a favor, Lewis agrees to lend his laptop to his neighbor Haag so that Haag can make a PowerPoint presentation at work. Lewis then changed his mind. Lewis` promise to borrow the computer would be legally enforceable. One. False 10. A house painter, Lyle, and an owner, Fred, signed the following contract: “Fred agrees to pay Lyle $250 if and only if Lyle paints the living room of Fred`s house with a coat of Benjamin Moore Linen White paint. The contract is expected to be completed by November 1.
On October 25, Lyle painted the room, but used Benjamin Moore Eggshell White. The reasonable person would believe that A.c. a third-party beneficiary contract. 37. Moe submits that a contract which he concluded with Nina to sponsor and organise a motivational conference for independent commercial agents is an unenforceable contract. Defences against the performance of a contract include, a.d., the lack of voluntary consent of a party. 38. Ren offers Sara to collect and deliver certain business documents within thirty minutes. Sara can only accept the offer if she completes the task on time.
If she does, Ren and Sara A.b. will have a one-sided contract. 39. Which of these statements about minors and contracts is false? A .b. If the minor chooses to terminate a contract, he must do so before he is 18 years old. 40. Red bought Laura`s car. Before selling the car, Laura told Red, “This car works very well. Last week, I drove all the way from Seattle to San Francisco and went back to visit my mother. In fact, Laura wasn`t telling the truth: she was going to San Francisco on a business trip. Can Red terminate the contract? A.
d. No. 41. Which of the following statements is usually a legally binding promise? ==External links==42. A bilateral contract is concluded, in particular, when the target recipient has promised the service. 11pm Oceans Inc., a seafood distributor, agrees to buy from Paul, a commercial fisherman, any “surplus” fish Paul catches beyond his legal limit. This agreement is most likely null A.c. Your bathroom is one of the most used rooms in your home. Did you really know that you will spend more than 800 days in the bathroom in your lifetime? That`s 2 years or more and should be reason enough for you to want to enjoy the space you have. We are the bathroom renovators you need to get the job done. Contractors LLC is committed to building a store for Discount Retail, Inc.
in a specific location. Before construction begins, the local zoning law will be amended to prohibit commercial buildings at this location. In this situation, Flora, who owns and operates Garden Fresh Organic Farms, agrees to sell Harvesters Grocery a minimum amount of unusual fresh fruits and vegetables for the area each week for three months. Even-Bilt Construction commissions the construction of a warehouse for the Discount E-Sales Company. Even-Bilt works substantially. Discount E-Sales has the right to have Juan and Isidro conclude a contract for the purchase, restoration and reopening of the coastal park carousel. Before either party begins to occur, they agree to cancel their agreement. Ralph agrees to rent an apartment to Susan for a day to see Thomas, the President of the United States, give a speech in the street. The speech will be cancelled three days before the scheduled date. The contract states that Lana agrees to work as Michelle`s personal assistant for a year, but dies in the ninth month of the contract.
Succession of Lana A. No. 10. A “good Samaritan” who returns a lost briefcase can claim a reward from owner A.b. Knowing the reward prompts you to return the briefcase. .
