Hathaway-IPA-01

PLEASE ANSWER THIS QUESTION ASAP!!!

this is a business law question.

Gary contracts with Dan to buy Dan a new car manufactured by General Motors Corporation (GMC). GMC is a. an intended beneficiary b. an incidental beneficiary c. not a third party beneficiary d. both a and b

13) When husband and wife live together, the law implies that the wife is authorized to use her husband's credit for necessaries suited to their style of living. Based on the above situation, the husband is an agent and the wife is a principal. a) True b) False 14) The person who gave assistance in agency relationship is known as agent. a) True b) False 15) The governing law for contract of sales is Sale of Goods Act 1957. a) True b) False 16) Goods means every kind of immovable property other than actionable claims and money. a) True b) False 17) Faiz meets Farhan, a car dealer and tells him that he wants a car that can move 20km/liter Farhan promotes one of the cars in the showroom and says that it suits the purpose. Faiz buys the car by relying on Farhan's representation. Subsequently Faiz finds that the car can move 15km/liter The above situation is an example of breach of warranty. a) True b) False

Mr. Abdul offers for sale at an auction "a working handheld electronic toy, ready to use straight away". Mr. Bashir places the highest bid as he wanted to make his child's birthday special. Mr. Abdul delivers the electronic toy without batteries. Mr. Bashir sues for breach of contract since the batteries were not delivered. What is the likely outcome of this situation? O a. The contract is invalid as Mr. Abdul and Mr. Bashir have different subjective intentions. O b. Mr. Abdul is in breach of the contract by not providing batteries O . The contract is valid as Mr. Abdul and Mr. Bashir have different subjective intentions O d. Mr. Bashir must pay more for the batteries on delivery of the electronic toy

Identify and state the relevant facts in the case: [*1058]  In addition, the Agreement authorizes Defendants to establish and fund a reserve account from Schnucks' payment card transactions to offset its indemnity obligations in an amount not to "exceed ... any current and anticipated Association fees or fines." (Bankcard [**6]  Addendum at § 22.1) Schnucks alleges that following the data breach, "First Data received a preliminary case management report from MasterCard outlining the case management fee and the amount of monitoring/card replacement and fraud loss reimbursement it was assessing against Citicorp." (Compl. at ¶ 28) Based on the amount of MasterCard's assessment, First Data then projected the total amount of Visa's assessment (id. at ¶ 29), and established the reserve account by withholding a percentage each day from the funds it collected for Schnucks from its payment card transactions. (Id. at ¶¶ 30-31) Schnucks further alleges that Defendants have breached the Agreement…

Subject: Business Law and Regulations Topic: Nonstock corporation ABC Foundation engaged in providing feeding programs to homeless children and giving of food packages to victims of calamities using the funds of the foundation for this purpose. Mr. X, who is a member of the foundation is in a quandary as to whether or not the practice of the foundation in using its funds for the mentioned purposes is valid. He is quite fearful that with recent surge in calamities, it might deplete the resources of the foundation, and therefore, affect his own interest having made a contribution therein. He intends to question this practice of the foundation. Is his intention meritorious?

Assume that Elkins contracted to build an addition to Cromwell’s plant producing cruise missiles just prior to the Gulf War. The war ended before Elkins started work, and Cromwell tried to cancel the contract. Can Elkins do anything about the loss of his anticipated profit (a) if the contract contained a proper cancellation clause? (b) if the contract contained no clause dealing with cancellation?

Buyer Bert can't believe that Seller Sam has had a last-second change of heart about entering into an agreement to sell his home to Bert. Sam has offered to refund Bert's earnest money and even pay him something in acknowledgment of Bert's inconvenience and disappointment, but Bert's not having it. He wants Sam's house. Choose the remedy for breach of trust that Bert will most likely take. accept compensatory damages demand specific performance initiate rescission settle for liquidated damages 19:19

James sold his 1965 e-type Jaguar car to Shirley for $18,500. During the negotiations James claimed that the car was actually a 1963 model, which were rarer, and therefore more valuable. Shirley, who was 17 at the time of purchase, bought the car on the understanding it was the 1963 model. Are all the elements of a valid contract present? Explain your answer.

Broker Juanita is in a single agent relationship with Seller Mike when one of Juanita's sponsored sales associates brings a buyer to the transaction. Select the statement that indicates what Juanita will need to do with respect to her relationship with Seller Mike if the buyer remains in a transaction broker relationship with the sponsored sales associate. No further actions are needed with respect to Mike's relationship. move Mike to a transaction broker relationship by having him sign a consent to transaction disclosure notice move Mike to a transaction broker relationship without informing him

14) The person who gave assistance in agency relationship is known as agent. a) True b) False 15) The governing law for contract of sales is Sale of Goods Act 1957. a) True b) False

Pls help ASAP

Melani sold a silver-looking laptop case to Bente for $2,500. Both honestly believed that the case was made of 95% platinum and 5% ruthenium. Jossie later learned that the briefcase was made of 100% inexpensive sterling silver with gold plating on the handles and corners. Explain whether Jossie can rescind the contract with Melani.

Rachel had a fire loss in her condominium unit. As a result of the heat, Rachel's fish tank broke and the two exotic fish worth $5000 died. Rachel has a Condominium Comprehensive Form subject to a deductible of $500. Will the fish be covered under the policy and if so how much would Rachel be entitled to? Yes, Rachel would receive a claim payment of $4,500. Yes, however, Rachel will not receive any payment due to special limits of insurance. No, Rachel will not receive any payment as this loss is an exclusion under Rachel's policy. No, Rachel will not receive any payment as the fish was not a scheduled item on the policy.

Emilio's Italian Restaurant enters into a contract with Vino winery wherein Emilio's agrees to purchase all the wine that Vino produces for $8/bottle.   a. This contract is unenforceable because it fails to specify a quantity in the contract.   b. This is an enforceable contract.   c. This contract will only be enforceable if every other contract terms is specified in the contract.   d. This contract is unenforceable because Vino hasn't given any consideration for selling all their wine to Emilio's.

Al, the owner of Fitness Corp., a manufacturer of gym equipment, calls Bob, the owner of Bob's Gym. During the conversation, Al offers to sell Bob an assortment of 100 dumbells, of different weights and sizes, for $600.00. After the phone call, Al sends Bob an email confirming their conversation.  Since Al and Bob never signed a contract, their agreement is unenforceable under the Statute of Frauds.  True  False

Giordana borrows $225,000 for Hearthstone Credit Union to buy a home, which secures the loan. Five years into the term, Giordana stops making payments.  Hearthstone forecloses and sells the property, but the proceeds are not enough to cover the unpaid amount of the loan.  Hearthstone could now obtain a.a short sale b.a redemption c.a deficiency judgment d.a guaranty  e.nothing more

1. Should George have accepted the listing? George states, “I am not discriminating. The owners are the guilty party.” Can george filter potential buyers by credit score? By race? 2. Now that George has accepted the listing, could he be guilty of fair housing violations by association? Could he be innocent because he is only “following orders”?

A 92-year-old woman wanted to transfer the ownership of her 1,800 square foot home near Lahaina Hawaii that was worth $1.8 million to her 20-year-old granddaughter as a gift. Which of the following legal documents should she use? Grant Deed Mortgage Promissory note Deed of Trust