) True
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1. A contract to sell real estate is generally not enforceable unless it is in writing.
a) True | |
b) False |
Step by step
Solved in 2 steps
- A. Does a contract have to be in writing? B. List three types of terms in a contract. C. Distinguish terms in a contract from a representation.9. In many countries, a computer-scanned image of a signed contract is legal. True FalseWhich of the following is created once an offer has been unconditionally accepted? A. A conditional contract B. An agreement c.A binding contract D. A voidable contract
- 37. Reduce the required provision if some or all of the expenditure required to settle a provision is expected to be reimbursed by another party, when, and only when, it is probable that reimbursement will be received if the enterprise settles the obligation. Select one: True or False13. 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.If the delivery term in the parties’ contract for the sale of goods is FOB the place at what the goods originated, absent any other agreement, the buyer is responsible for making reasonable arrangements for the goods to be shipped. true or false
- 43. When does the buyer obtain real right over the fruits of the determinate thing sold in a contract of sale? Group of answer choices From the moment of actual delivery of the fruits of the determinate thing sold From the moment of constructive delivery of the determinate thing sold From the moment of perfection of contract of sale From the moment of full payment of the price5. Briefly explain the procedures in repossession of goods with reference to Hire Purchase Act 1967. Note: simple introduction and conclusionNote: answer with introduction and conclusion.Question Contract management can be defined as ‘the activities of a buyer before, during and after a contractis signed, to ensure that all parties to the contract understand and fulfil their contractual obligations’.Contracts may be for specific projects or for the supply of good or services over a period of time,typically between one to three years depending upon circumstances and objectives. Contractactivities can be split into two distinct but interdependent phases: pre-contract award/renewal andpost-contract management. Contract management is command and control of the activities spanningboth phases, but the potential value adding outcomes of post contract management will not berealised unless effective pre-contract management has resulted in a contract that addresses allstakeholders’ needs with the utmost professional skill. A failure in pre-contract management willresult in post-contract management time and effort being wasted on trying to resolve and correctomissions and…
- 2) A fiduciary relationship is one based on trust and explicit or implicit contract that creates economic incentives for the different parties. Select an alternative True FalseHammer regularly took his car to be serviced at his local garage, Vanilla Ice Limited. On several occasions before handing his car over to the garage, Vanilla Ice always required Hammer to read and sign a contractual document which contained the following statement in big bold red type; “Vanilla Ice Ltd accepts no responsibility for any consequential loss or injury sustained as a result of any work carried out by the company, whether as a result of negligence or otherwise.” On the most recent visit to the garage, Vanilla Ice was very busy when Hammer arrived and because of that fact Hammer was not asked to sign the usual document. He was however, given a receipt for his car, which he accepted without reading. Vanilla Ice’s usual business terms were printed on the back of the receipt in red, including the said contractual term stated above. On his way home after servicing, Hammer was severely injured when the car suddenly burst into flames. It subsequently emerged that the fire had…Carol offers to sell her personal computer to Bob for $200. Bob says that he will buy the computer for $200 if Carol will include the monitor and keyboard. Is this valid acceptance? Please explain in detail.