What is the term for a minor choosing to proceed with the contract and the term for a minor choosing to void the ca Select one: O a. disaffirmance & ratification O b. acceptance & appeal O c. acceptance & denial O d. execution & dismissal
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- Under the frustration of purpose doctrine, performance is excused when: Group of answer choices 1. something that is essential to the promisor's performance is destroyed through no fault of the promisor, but its substitute is available. 2. statutes and legislation make the performance more difficult. 3. the promisor impliedly assumes the risk that the event would occur. 4. events occur after the formation of the contract that would make the return performance of the other party worthless to the promisor.An offer can be defined as an intimation of words and conduct, with a desire to enter into a binding arrangement. It is argued for an offer to be effective, the terms of the offer must be clear, precise and unambiguous. Provide one example/scenario each of the case laws below; a. Carlill v. Carbolic Smoke Ball Company (1893) b. Gibson v. Manchester City Council (1979) c. Harvey v. Facey (1893) d. Hyde v. Wrench (1840) e. Boots Cash Chemists (Southern) Ltd. v. Pharmaceutical Society of Great Britain (1953)Given that one goal of a contract is to avoid litigation, which of the following can be useful to define within the contract? a. What severability is b. What a breach is c. What specific performance is d. What integration is
- The lawyers of Leo's estate put an auction ad in the local newspaper asking "without reserve" bids on his 100 acre ranch along the Guadalupe River. All bids were to be texted by 5PM August 1st. Only one bid was sent, and that was Sam's bid of $100. Assuming no other legal issues, the Estate of Leo and Sam have an enforceable agreement for the purchase and sale of the ranch for $100. True or False True FalseAll but which of the following must be present in order for a contract may be voided based upon mutual mistake? Multiple Choice 1. The mistake must result in a material effect on the contract. 2. a basic assumption about the subject matter of the contract is present. (Incorrect answer) 3. An adverse effect on a party who did not agree to bear the risk of mistake at the time of the agreement occurred. 4. Both of the parties were negligent in their representations to the other party.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.
- a. true or false It is not necessary to prove a contract to sell land by a writing when both parties admit in court that they entered into a contract. b. true or false Consideration must be a bargained for legal benefit for both of the parties to the contract. c. true or false A contact exists and can be enforced even where one side's alleged consideration was a past un-bargained for act that benefited the other party.Sue Flay's Cakery promises to pay Oscar Ruitt not to park in a city-designated no-parking zone in front of her store. This agreement is: (Choose all of the correct answers.) Not enforceable because Oscar Ruitt has no legal right to park in a city-designated no-parking zone Not enforceable because Oscar Ruitt never made any enforceable promise to Sue Flay's Cakery Not enforceable because Oscar Ruitt is merely making an illusory promise Enforceable because Oscar Ruit is giving up the right to do something he would otherwise have the right to do Enforceable because Sue Flay's Cakery is offering legally sufficient consideration to Oscar RuittAn offer can be defined as an intimation of words and conduct, with a desire to enter into a binding arrangement. It is argued for an offer to be effective, the terms of the offer must be clear, precise and unambiguous. Critically discuss this statement, with the following requirements; 1. On These six applicable case law on the subject matter: Carlill v. Carbolic Smoke Ball Co. (1892) Gibson v. Manchester City Council (1979) Basic facts Harvey v. Facey (1893) Stevenson, Jacques & Co. v. McLean (1880) Routledge v. Grant (1828) Pharmaceutical Society of Great Britain v. Boots Cash Chemists (Southern) Ltd (1953) 2. Thoroughly and in full detail explain • The issue • Basic facts of the Cases • The Judgement Note. • You cannot copy and paste the various cases. • You are required to discuss via a few paragraphs, what was the issue, basic facts and the judgement. • Conclude by applying the mentioned cases to the issue at hand in respect of question above.…
- A client is transferring their estate to their daughter. They aren't charging their daughter any money for the estate (what a deal!) and are unsure what to put in the deed as consideration. You advise them that consideration: must be equal to the appraised value of the property can be "love and affection," and will be conveyed using a gift deed must be explicitly specified, down to the penny, on the deed must be money, but doesn't have to be a lot of moneyA contract of sale is distinct from other types of contracts because it has two additional requirements for validity. In order for a valid sale agreement to be concluded, the parties must agree oni) the object of sale andii) on the purchase price.Case study contract law and offer acceptance. Scenario: Alex posts an advertisement to sell his vintage record collection for $1,000. Beth sees the ad and sends Alex an email expressing interest in purchasing the collection for the advertised price. Before Alex can respond to Beth’s email, he receives a text message from Chris offering to buy the collection for $900. 1. Has Alex made a valid offer to sell his record collection? Why or why not? 2. What constitutes acceptance in this scenario? 3. Is there a contract formed with Beth or Chris? Why or why not? 4. If both Beth and Chris attempted to accept, who would prevail?