Contract law questions. Contract Law Basics 2019-02-14

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Top Contract Law Quizzes, Trivia, Questions & Answers

contract law questions

Assuming you don't violate any Intellectual Property rights if others have copyrighted this phrase, and assuming you don't falsely advertise your services and note clearly in contracts and on your website that this slogan is not a literal promise, it might be a useful slogan. I don't practice in North Carolina but your question hasn't been picked up in four weeks. When consideration is illegal such agreement is ………. Loans to procure necessaries are also necessaries. However, Smith is incorrect regarding his contention that you have to pay back the part of the commission he has paid to you. They did an initial development from 06-07 which was fine.

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Common Contract Questions & FAQ

contract law questions

What can help you recover your losses? Also, an agreement that calls for the commission of a civil wrong such as a tort is illegal and void. Upon reaching the age of majority, a minor may affirm or ratify the contract and therefore make it contractually binding on him. For example, an agreement to slander a third party is void. The agreement of parties may be affected by the fact that one or both of them made a mistake. Kelly went to the beauty shop.

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Contract Law Problem Question

contract law questions

If the offeror is merely feeling his way towards an agreement, or initiating negotiations from which an agreement might or might not result, there is no offer. Acceptance, which is the agreement by the other party to the offer presented 3. For example, money is returned to the buyer and the buyer returns the merchandise to the seller. Landlords have a duty to provide you with a safe and habitable living space. Click it to see your results. Jim goes straight home and writes a letter to Philip, accepting his offer to sell at £368,500.

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Common Contract Questions & FAQ

contract law questions

The conclusion should be brief. An of fe ror 's pr om is e to ke ep hi s of fe r op en is no t le ga lly bi nd in g be ca us e it is unsupported by consideration. This would include deeds and mortgages, as well as the contract between the buyer and the seller setting forth the terms of the sale. The rights and remedies of the parties of a contract are equal to that who has made the contract according to their wishes are called ………. Must a contract be in writing to be enforceable? I did not have a real estate license nor did I claim to have one.

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Multiple Choice Questions on Law of Contract

contract law questions

When thinking of consideration, think in terms of legal value as opposed to economic value. In this situation, the plaintiff could possibly get consequential damages for loss of the delivery contract. There is only one best answer. Right of common lean is ………. Other questions will deal with defenses to contract enforceability, parol evidence rule, remedies, and third-party rights. There are essentially six elements in a contract. The normal method of enforcement is an action for damages for breach of contract, though in some cases the court may compel performance by the party in default.


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Multiple Choice Questions on Law of Contract

contract law questions

The facts of also involved revocation by means of a third party. Jim sees the advertisement and rings Philip and makes an appointment to see the house. Parties to an agreement must have contractual capacity before the agreement will be binding on both parties. So Jemima may decide to rescind it. Pete loads his truck with ladders, brushes and a well-balanced lunch.


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Contract Law

contract law questions

In order for a contract to be enforceable, each party to the contract must change his or her legal position in some way. After a lengthy discussion with his customer, Joe draws up an executory contract which Mary happily signs and becomes the proud new owner of a scooter. A failure in this sense includes a refusal to perform, defective performance, delayed performance and action taken which prevents performance. If the misrepresentation was enough of an inducement to have a reasonable person to enter the contract, the onus of proof is placed on the representor to show that the representee did not in fact rely on the representation. Exam Instructions: Choose your answers to the questions and click 'Next' to see the next set of questions. Thirdly, both parties must provide valuable consideration.

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Contract Law

contract law questions

Am I going to win for what I presume is breach of contract? In a contract who is not a party that party ………. Which type of contract is she violating? The elements of a contract are: i an agreement; ii between competent parties; iii based upon the genuine assent of the parties; iv supported by consideration; v made for a lawful objective; and vi in the form required by law. Jim then make s an offer of £67,0 00 whic h is destroye d by Philip's counte r-offer of £70,000. A court will not require parties to perform an illegal agreement, and a court will not award damages because a party fails to perform. It is not a defense when the mistake of fact is ………. According to the Uniform Commercial Code, what must be done? The contract made with ………. She faxed a purchase order to Island Top Hats, a company with whom she often does business.

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