LS 145 Disc_Week 10_Handout_Solved (1)

The duty of restoration is to protect adults that enter into contracts with children. Question 21 options:   True   False Minors are liable on certain contracts that are seen as necessaries of life...ie a contract for health insurance. Question 22 options:   True   False Consideration requires a bargained for exchange of value from both parties.  Question 23 options:   True   False There does not need to be any exchange of words for there to be an implied contract. Question 24 options:   True   False When an illegal contract is executed upon, the court normally will leave the parties where it finds them even if partial performance has occurred. Question 25 options:   True   False

Question 16 What a party said when entering into a contract is a subjectíve fact. True False Question 17 Iggy and Jen sign a contract by which Iggy agrees to deliver and install a gas fireplace on October 15 in exchange for Jen's promise to pay the $500 price within ten days of the install date. The delivery and installation of the fireplace and the payment of the price are examples of conditions precedent. concurrent conditions. O conditions subsequent. O implied conditions.

There does not need to be any exchange of words for there to be an implied contract. Question 24 options:   True   False When an illegal contract is executed upon, the court normally will leave the parties where it finds them even if partial performance has occurred. Question 25 options:   True   False A person who has injested drugs or alcohol will automatically have the choice to make void any contract entered into while under the influence. Question 6 options:   True   False

A person who has injested drugs or alcohol will automatically have the choice to make void any contract entered into while under the influence. Question 6 options:   True   False Consideration could be a party's willingness to refrain from doing an illegal act. Question 7 options:   True   False Internet service providers are protected from liability (contractual or otherwise) for any and all content transmitted over their networks. Question 8 options:   True   False There is no single definition of what constitutes an unconscionable contract which courts will refuse to enforce. Question 9 options:   True   False A contract entered with a minor is a void contract. Question 10 options:   True   False

Acceptance to an offer must be done expressly by stating your acceptance to the offer. Question 1 options:   True   False Quasi contract is recognized as occurring under order of a court due to concerns of unjust enrichment. Question 2 options:   True   False   A preexisting duty to do something may be sufficient consideration for a contract to exist. Question 3 options:   True   False Contracts of adhesion, where a consumer has no ability to negotiate, is an unconscionable contract. Question 4 options:   True   False An exculpatory contract that releases the other from liability is always illegal. Question 5 options:   True   False A person who has injested drugs or alcohol will automatically have the choice to make void any contract entered into while under the influence. Question 6 options:   True   False Consideration could be a party's willingness to refrain from doing an illegal act. Question 7 options:…

Copyright © by Co-Bus Software, inc Copying, distributing, or Sid party wete posting expressly prohibited and constates copyrighvation the world's highest in Europe-Africa in Years 11-15, but is the highest in the world in the Asia Pacific region in Years 16-20. O highest in North America and Europe-Africa during the Year 11-15 period but is highest in the Asia-Pacific and Latin America regions during Years 16-20. O higher in the Asia-Pacific and Latin America regions than in the North America and Europe- Africa regions in Years 11-15; the same is true in Years 16-20. O 12-14% annually in all 4 regions during the Year 11-Year 15 period and 10-12% annually in all 4 regions during the Year 16-Year 20 period. O 10-12% annually in all four regions during Years 11-15. 3 6655

QUESTION 8 Failure on the part of the creditor to perform on time due to his own fault results in a form of breach of contract known as O a. Mora creditoris/default of the creditor Ob. positive mal-performance OC. rendering performance impossible/prevention of performance Od. repudiation e. Mora debitoris/default of the debtor Click Save and Submit to sme and subrir Chet save la allanstwers. Search for anything FUITSU EGO ECO F10

The fraud-on-the-market theory creates a presumption of securities fraud based on plaintiff's reliance on defendant company's misrepresentations which affected the market price of the company's shares.   Question 20 options:   True   False

A prenuptial contract must be in writing. Question 16 options:   True   False Some offers will never expire unless expressly withdrawn by the offeror. Question 17 options:   True   False The Statute of Frauds covers contracts that require performance within 6 months or longer of execution. Question 18 options:   True A guaranty type contract, where a 3rd party guarantees the payment for another, must be in writing. Question 19 options:   True   False Consideration has to be a negotiated benefit or detriment to both Parties to be valid support of the contract. Question 20 options:   True   False The duty of restoration is to protect adults that enter into contracts with children.

Q.3.1 Using an example, explain the meaning of ‘proxy.’ Q.3.3 Sipho Pretorius, a former director of Southern Airlines, was declared a delinquentdirector by the High Court. Explain the effect of such a declaration of delinquency.

Q20

QUESTION 15 Jim. Jim is able to sel the chairs to another buyer, John for a lesser amount because of the falling market. If Jim then sues George for damage, which of the folowing generally cannot be recovered? Oa Punitive damages to punish intantional contract breaches. Ob incidental damages associate with a breach of contract, such as the cost of resale. Oc Compensatory damages to put Jim in the same position he would have been but for the breach by George, measured by the difference between the contract price with George and the amount paid by John. Od Consequential damages if Jim can prove lost opportunity cost suffered as a result of the breach, such as lost opportunity costs for lost profits, etc, if such damages were foreseeable by George at the time the contract was made.

QUESTION 44 Which of the following represents the basic distinction between a bilateral contract  and a unilateral contract    a. The rights under a bilateral contract are assignable, whereas rights under a  unilateral contract are not assignable.   b. Only one promise is involved ifthe contract is unilateral but two promises if the contract is bilateral.   c. Specific performance is available if the contract is unilateral whereas it is not if the contract is bilateral.     d. The Statue of Frauds applies to a bilateral contract but not to a unilateral contract.

9. In many countries, a computer-scanned image of a signed contract is legal.     True   False

Question 4    A ruling in a tort case that is designed to compensate a plaintiff for their loss is known as:   Punitive   Locked Out   Locked In   Compensatory   5.A ruling in a tort case that is designed to compensate a plaintiff for their loss is known as:   Negotiation   Arbitration   Mediation   Retaliation

Question 11 options:   True   False In order to agree to an offer, the offeree must know of the offer. Question 12 options:   True   False An advertisement is an offer for a sale of an item by express contract. Question 13 options:   True   False Any modifications to the offer by the offeree, modifies the offer and makes it a counter offer. Question 14 options:   True   False Uniform Commercial Code covers contracts relevant to sale or lease of goods. Question 15 options:   True   False

A quasi contract:   Question 3 options:   A)  is a fictional contract.   B)  may be considered an obligation imposed by law where there has been no express agreement.   C)  is based upon equitable principles.   D)  None of the selections are true.   E)  All of the selections are true.

Question 6 options:   True   False Consideration could be a party's willingness to refrain from doing an illegal act. Question 7 options:   True   False Internet service providers are protected from liability (contractual or otherwise) for any and all content transmitted over their networks. Question 8 options:   True   False There is no single definition of what constitutes an unconscionable contract which courts will refuse to enforce. Question 9 options:   True   False A contract entered with a minor is a void contract. Question 10 options:   True   False

Question#2 A) Differentiate between Contract Vs Agreement B)  Differentiate between Civil Vs Criminal Law C)  Draw a chart of different types of contract in details. Note:- Donot Copy paste from internet Sources, it will be better if you write in your own words

Michael Jordan specially orders a 10 foot mattress from Sleepy's without a written agreement. This contract is not enforceable. 3. Explain your answer to question 2.

Q5b) Please provide detail write up for the following business law question   Dudu has purchased some wooden utensils from Lodo. However, he discovers some crackson the utensils after few days of usage. Advise Dudu as to whether he is entitled to anyrefund from Lodo.

Question 3 Buyer and seller enter into a clear contract. The buyer refuses to purchase for a reason not excused by a contingency. Which statement is correct? A - The seller is entitled to damages the buyer caused, which are taken from either the earnest money deposit or the 20% down payment. B - The original buyer gets the earnest money deposit back as soon as there is a new offer. C - The seller has the right to terminate the contract and keep the earnest money deposit. D - The seller has the right to keep 20% of the down payment on property.

QUESTION 19 An apprenticeship contract is one whereby a firm owner undertakes to provide full vocational training to another person who has completed at least: O a. 14 years of age O b. 16 years of age O c. 18 years of age Od. 12 years of age QUESTION 20 Which of the following clauses is not included in the (MOA) of a company? Oa Capital clause Ob. Object clause c. Registered office clause d. General meetings clause QUESTION 21 The minimum amount of capital for an LLC is 5 million AED. ( ) True False QUESTION 22 Which of the following clauses is included in the (AOA) of a company? O a Capital clause b.Object clause c. Registered office clause- Od. General meetings clause

QUESTION 1 You have been consulted by Marie who is an Australian resident adult individual taxpayer entity and a real estate agent employed by Adelaide property firm Supreme Properties. Her employment duties involve selling homes on behalf of clients, including conducting open inspections of those homes. Marie moved to Adelaide from Sydney, New South Wales, at the beginning of July 2022 after the breakdown of her marriage. She has custody of their two children, Harry aged 4 years and Larry aged 2 years, who Marie places in child care during some week days and on weekends while she works. During the income year ended 30 June 2023, Marie received and derived the following: (1) Wages totalling $100,000 and commissions of $20,000 that Marie received from her employer Supreme Properties. The commissions were received by Marie on 15 June 2023 and were calculated as a percentage of the total value of properties sold by her during the year, and were paid as an incentive to employees of the…