Question 13 A party contracts to guaranty the collection of the debts of another. As a result of the guaranty, the creditor, upon debtor's default, can immediately proceed against the guarantor without further notice. True False
Q: How is performance under a contract determined to be sufficient to discharge the duty to perform?
A: Performance in law is act of doing that which is required by a contract. Each party who has signed…
Q: Which of the following is the transfer method of registered negotiable documents? A) as written on…
A: The word negotiable means transferable from one person to another in return for consideration.
Q: 17. Elizabeth Ellis sells a business asset for $10,000. Assume that Elizabeth has owned the asset…
A: Depreciation is reduction in the value of the assets from its original value. It is the accounting…
Q: A breach of contract occurs when either party violates the agreed upon promise. True False
A: A contract is nothing but a legally binding agreement that describes and administer the…
Q: Pen Company and ABC Accounting firm enter into a contract for the purchase of 500 pens. The…
A: In the world of commerce, contracts play a vital role in establishing the rights and obligations of…
Q: 1- Ali is the owner of a shop. He places a notice on the window advertising the sale of batteries at…
A: 1) It is an invitation to offer, A unilateral contract is a contract agreement in which an offer…
Q: What does it mean to have primary liability on a negotiable instrument? -As soon as a party…
A: A negotiable instrument is referred to as a promissory note or a document that guarantees the…
Q: Contract without consideration is an invalid contract. Explain with examples
A: An agreement without consideration is not considered valid.
Q: Number 20: Which of the following is a nonwrongful dissociation
A: Nonwrongful Dissociation: A partner's departure from a partnership in accordance with the terms…
Q: Encik Razlan and his business partner, Mr Bradley, an American citizen run a restaurant business in…
A: Withholding tax is the tax paid by the payer of income to the government rather than the receiver.
Q: Kindly explain the following for remedies for breach of contract 1.Damages 2.0rder of payment…
A: Remedies for breach of contract can be defined as the element that helps in obtaining damages for…
Q: Questions 16 and 17, please
A: Contract is a legally binding agreement which can be entered between two parties in an arms length…
Q: 1. John has a lending company. In his letter mailed on September 15, he offered to sell his business…
A: The scenarios presented encompass complex legal situations, delving into contract law and the…
Q: Under the frustration of purpose doctrine, performance is excused when: Group of answer choices 1.…
A: The frustration of purpose occurs when an unforeseen event undermines a party's principal purpose…
Q: “PROMISSORY NOTE Capital City US$113,489.00 January 16, 2020 1. For value received. Michael…
A: Please find the answer below.PROMISSORY NOTE :- A promissory note is a legally binding document…
Q: LAND LAW QUESTION: Roberto enters into a contract of sale to purchase land in Geelong from Dilan.…
A: "The solution has been provided in a generalized manner."A contract of sale of land is a legally…
Q: Discuss wwwhat are the various modes of discharge of a party from. His liability upon a negotiable…
A: Negotiable instruments stand as financial parchment promising remuneration of a specified quantum to…
Q: Pls help ASAP
A: An insurer, often known as an insurance firm or carrier, is a financial entity or organization that…
Q: 1.An entity shall offset an asset relating to one plan against a liability relating to another plan…
A: An entity shall offset an asset relating to one plan against a liability relating to another plan…
Q: What are the steps in securing a new copy of lost or destroyed certificate of stock?
A: A certificate of stock is a legal document in the Philippines that represents ownership of a share…
Q: what does it mean to terminate a contract by operation of law? Death of seller and broker?…
A: A contract is a link constructed with integrity and enchantment that acts as a sign of confidence in…
Q: Problem Solving 2. Lyle forges Kim's name as a maker of a promissory note. The note is made payable…
A: Law plays an integral role in making the judgments related to complex situations. It helps in…
Q: void, voidable
A: Void Contract-Indian Contract act 1872, which states that contracts or agreement that are not…
Q: The contract of sale is an onerous contract. a. True b. False
A: In many countries all-inclusive, where international regulators have decided that such contracts…
Q: Which of the following policy provisions specifies that, it an insured tals to pay a renewal premium…
A: The objective of the question is to identify the correct policy provision that allows for the…
Q: 5 in order for a conditional receipt to be issued, the applicant must A take a medical examination B…
A: The objective of the question is to identify the correct requirement for the issuance of a…
Q: Q.6. Which of the following best describes “breach of contract”? an oral promise that is broken a…
A: Answer :- (4) A failure, without legal excuse, to perform any promise that forms all or part of a…
Q: Explain the concept of 'holder in due course' under the Negotiable Instruments Act.
A: A negotiable instrument is a written document that represents a promise to pay a specific amount of…
Q: 4.Bryson issues a $5,000 negotiable check "payable to the order of Yolanda or cash." Yolanda places…
A: The process through which bargains and communication is made between the individuals to reach to a…
Q: Q. No. 4: Write a note on Transfer of Shares and other Securities
A: Introduction: The term Business refers to an exchange of goods and services between the buyer and…
Q: Question Luis was in a pickle and is in need of money which led him to sell his grandson's…
A: Contracts are agreements between parties that create legal obligations and rights. These obligations…
Q: Jayzam is a resident of Manila. He is also an export trader of chicks to a particular retailer in…
A: The legal term where a statement affirming that something is right is known as an assertion. It…
Q: Explain the circumstances in which an equitable pledge may arise in a contractual relationship.
A: The concept of an equitable pledge refers to a form of security interest or collateral arrangement…
Q: Explain the circumstances in which an equitable pledge may arise in a contractual relationship.
A: In contractual relationships, parties often seek assurances to secure their interests and ensure the…
Q: Q. No. 2: Explain the provisions relating to AGM of a Company under Section 132 of the Companies Act…
A: An annual general meeting is held to allow the shareholders to vote on both the issues and selection…
Q: Define void agreemen
A: With regards to contract regulation, an agreement alludes to a shared comprehension or agreement…
Q: ) True
A: the lowest line is: real property contracts should always be in writing so one can be enforceable.…
Q: Initial impossibility of performance renders a contract...
A: The simple fact that the execution of the assumed obligation was unlikely at the time of the…
Q: (a) whether the Note is unconditional; (b) whether the Note is payable at a fixed or determinable…
A: Promissory notes play a significant role in commercial transactions, serving as legally binding…
Q: Briefly explain Termination of Contract.
A: Terminating a contract means ending it before the parties have completed their obligations. In other…
Q: Which of the following policy provisions specifies that, if an insured fails to pay a renewal…
A: The objective of the question is to identify the correct policy provision that allows for the…
Q: 2The plaintiff sellers concluded a FOB contract for the sale of wheat to the defendant buyers, by…
A: To explain: Whether the sellers were entitled to reject or not. Concept used: FOB contract: A clause…
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