44. HelpUnlike mandatory arbitration, voluntary arbitration isMultiple Choicebased on parties' agreement after dispute arises or on contract clause before dispute arisesunconstitutional in most statescoercive because it provides an unfair advantage to the party creating the contracttime consuming and expensive when compared to litigationimpractical because agreements are too difficult to reach in early contract negotiations44 of 50Next >...Prey

Arbitration is a methodology where a debate is submitted, by an understanding of the gatherings, to…

Answered: Unlike mandatory arbitration, voluntary…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

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Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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13. What does it mean to say that a contract term is ambiguous? It means that the term was added unilaterally at some time during the life of the contract It means that the term is vague and subject to multiple, reasonable interpretations It means that its performance will greatly disadvantage one of the parties.
In which type of Contract is there a "lack of meeting of the minds?" a) Bilateral b) Unilateral c) Fraudulent d) Oral 2. Generally where a unilateral mistake is made in a Contract, the Contract will still be enforced, except where the non-mistaken party was aware of the mistake. a) True b) False 3. A home builder misjudges the cost of the windows to be installed in the house. This is: a) Bilateral mistake leading to rescission. b) Unilateral mistake which can be corrected. c) A mathematical mistake which is correctable. d) An error of judgment, not correctable. 4. "Sign or I'll kill you" is an example of: a) Undue Influence b) Misrepresentation c) Duress d) either a or b 5. An attorney who over a period of time convinces an elderly widow to deed…
C. What role do conditions precedent and conditions subsequent play in contingent contracts?
1) What is a Contract and what are its elements? 2) When is there a VALID OFFER? 3) What is Breach of Contract? 4) Differentiate Void from Voidable Contacts. 5) When is there Undue Influence in a Contract?
Which of the following statements regarding discharge of contracts is FALSE? 1) All parties are relieved of their obligations if the contract is discharged. 2) Party A need not pay for any goods received from Party B if Party A willingly accepts the partial performance of the contract by Party B. 3) A contract that becomes more expensive or difficult to perform will not be automatically discharged. O 4) A contract will be discharged if it becomes impossible subsequently to perform the contract.
1. Provide a bibliography for the following citations below. a. CONTRACTS: BASIC PRINCIPLES. (n.d.). https://www.shsu.edu/klett/CONTRACTS%20BASIC%20PRINCIPLES%20ch%2010%20new.htm b. Martella, M. H., Esq. (n.d.). ELEMENTS OF A CONTRACT | Law 101: Fundamentals of the Law. https://courses.lumenlearning.com/suny-monroe-law101/chapter/elements-of-a-contract/ c. Boots v royal pharmaceutical society. (n.d.). https://groupecomes.com/amadeus-broadway-goaaxfw/boots-v-royal-pharmaceutical-society-2f0a8f
3. A contract is a written, spoken or tacit (understood) agreementbetween two or more people, which is intended to be enforceable bylaw. Name FIVE elements of a contract that you should include for yourbusiness.
A meeting of the minds occurs when both parties actually assent to a contract’s terms. It mayalso highlight the time of a mutual agreement, although the acts of this agreement need notoccur simultaneously. A subjective meeting of the minds was traditionally required when it cameto the assent of contract theory but modern law dictates that a meeting of the minds must beobjective1In relation to the requirement for a consensus to form a valid contract, explain 4 factors thatVitiate/affect consensus.
1. “Section 10 of Contract Act 1950 mentioned that all agreements are contracts if they are made by the free consent of parties”. Based on the section, discuss TWO (2) examples of voidable contract. Note: need simple introduction and conclusion.
What are the advantages/disadvantages of the UCC? Describe how the UCC makes (or does not make) a party free to contract.
43. When does the buyer obtain real right over the fruits of the determinate thing sold in a contract of sale? Group of answer choices From the moment of actual delivery of the fruits of the determinate thing sold From the moment of constructive delivery of the determinate thing sold From the moment of perfection of contract of sale From the moment of full payment of the price
1) summarizing whether you believe that contracts are promises 2) Analysis whether and why contracts and promises should be treated the same or differently 3) in your analysis, consider the potential economic, legal and moral consequences of your answer.

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