Which of the following is made illegal according to common law? a. Gambling contracts b. Sale of business c. Sunday contracts d. Usury e. Licensing contracts
Q: Iqbal and Syafidie have been friends since they studied in UniMAP together. Now they are in the…
A: Law of contract can be defined as an agreement on terms that are made between two or more parties in…
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: 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: Give the effect of the perfection of a contract? Explain by giving examples or cases that you know
A: When the components of consent, object, and consideration are present, a contract is called…
Q: example of a contract that is illegal in Florida but legal in some other states in the United…
A: Meaning of illegal contract : An agreement is illegal under common law of contract. It is one of the…
Q: what is the importance of contracting in a business? Identify the three main elements necessary in…
A: Contract is a binding agreement between two or more parties who sign it.
Q: An agreement in which recognized company sells the right for others to use company name and…
A: In the rapidly increasing world of globalization, it is impossible for any business to operate in…
Q: Which of the following statements explains the meaning of an intention to create legal relations as…
A: Intentions to enter in a legal contract means to create a legal relation as an intention to enter…
Q: what is the rule regarding the ability of a person who is not a party to a contract to enforce a…
A: A contract is an agreement between two or more parties. Every party has its own right and duties. A…
Q: According to the CISG, when a contract is for sale of goods by description, a slight breach may be…
A: With globalization and increased use of internet transactions between sellers and buyers residing in…
Q: State whether the following agreements or contracts are void, voidable valid, and provide a reason…
A: Void contract - This is not an actual contract and it is unenforceable. A void contract will be…
Q: contracts? Discuss various stages in contract placement. Explain contract management with the help…
A: It is a rightfully required contract between two or more people. In contract management, suppliers,…
Q: Mr Stir tells Mrs Sasu that the other members of SAG intend to appoint him as their proxy at the…
A: According to the Companies Act, a Proxy is an individual who is appointed by the member of the…
Q: n 2010, X and B agreed that they will pretend that they will enter into a contract of sale so that X…
A: ANSWER : Relative simulation: For this situation, the parties appear to settle for a contract…
Q: operations Manageme A contract of sale is distinct from other types of contracts because it has two…
A: A contract of sale is a contract in which a seller agrees to sell a specified quantity of a product…
Q: A contract of sale is distinct from other types of contracts because it has two additional…
A: Contract of sale: It is an agreement between a buyer and a seller. In this the seller, sell a…
Q: Contracts have to comply with prescribed formalities not only to be valid but also to be effective…
A: A contract is an agreement between two or more parties who agrees to create a commitment. It is a…
Q: According to Art. 1158 of the NCC, obligations derived from law are not presumed. Now, how can we…
A: Obligations must be clearly set according to law. A natural obligation is an obligation that does…
Q: State with reason whether there is any contract made in the following case as per the Indian…
A: Sec. 2(h) of Indian Contract Act defines contract as:“ An agreement enforceable by law.”Contract =…
Q: 1. State the issue in this case. 2. State the contract in this case. 3. State the elements of…
A: The contract is an agreement between private parties creating mutual obligations enforceable by law.…
Q: A market is any place where two or more parties can meet to engage in an economic transaction and…
A: The above statement is false. So, the correct option is option B) False.
Q: Employment contract usually includes two kinds of terms; the first kind is expressed and the second…
A: Yes, it is right that Employment contract usually includes two kinds of terms; the first kind is…
Q: A contract to sell, even if accepted by the buyer is not an absolute sale. B. FALSE A. TRUE -…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: A business concern should be operating in the market for at least two years in order to conclude a…
A: The correct answer is False
Q: A unilateral contract is a type of contrast in which each party plays two roles: a promisor and a…
A: “Since you have asked multiple questions, we will solve the first question for you. If you…
Q: All contracts should be made in writing (True or False) (Justify with example or explanation)
A: Yes, All contracts should be made in writing . Most contracts can be either written or oral and…
Q: WHAT IS THE MEANING OF THE OBJECTIVE THEORY OF CONTRACTS AND HOW DOES THE OBJECTIVE THEORY OF…
A: A contract has nothing o do with the personal, intent of the parties. A contract is an obligation…
Q: Draft a bilateral contract using the following facts: Alice Parent wishes to hire Betty Chuckles to…
A: This SERVICE CONTRACT (this “Agreement” or this “Service Contract”), effective as on 8.3.2021, is…
Q: ) True
A: the lowest line is: real property contracts should always be in writing so one can be enforceable.…
Q: 1. It means that it is a contract which has a name in law. a. Consensual b. Nominate c. Preparatory…
A: An agreement in order to become a valid contract must possess basic elements or presumptions, like…
Q: List the six (6) types of contracts that must be in writing.
A: Contract refers to the voluntary arrangement between two or more parties is a legal agreement and…
Q: Contracts will have specific steps for a grievance procedure; however, the basic framework includes…
A: A grievance is an employee's dissatisfaction with the company's work regulations and circumstances…
Q: a. true or false It is not necessary to prove a contract to sell land by a writing when both…
A: Contract is said to be an agreement between two parties, agreed upon certain conditions, that is…
Q: is without any legal effect and cannot be enforced in a Court of Law. O a. Voidable contract O b.…
A: An agreement without any legal effect and which cannot be enforced in a court of law is known as a…
Q: An agreement made to sell a truck load of tomatoes, which was not in existence at the time of…
A: A contract is described as an agreement between two parties that have created obligations that are…
Q: A. Does a contract have to be in writing? B. List three types of terms in a contract. C.…
A: Definition - A contract is a legal document which promises enforceable by law. The contract is said…
Q: freedom of contract means you can include absolutely any term you want in a contract, even if it…
A: Freedom of contract: Freedom of contract is the manner in which people and organizations form…
Q: Explain the structure of the contract.
A: Structure:1. The names and addresses of the eventsThe first phase of the agreement generally details…
Q: A contract of sale gives rise to obligations for both the seller and the buyer. Briefly discuss the…
A: A contract of sale is a contract in which a buyer and seller agrees to buy and sell a specified…
Q: Iqbal and Syafidie have been friends since they studied in UniMAP together. Now they are in the…
A: The term of a contract can be expressly agreed orally or in writing. Terms may be implied by law,…
Q: The general rule is that no formalities are prescribed for the validity of a contract. True or…
A: There are no formalities needed for the validity of a contract if all of the conditions for validity…
Q: If a price is not determined by the parties in a contract of sale, the buyer is bound to…
A: A contract of sale can be termed as an agreement between a buyer and a seller. In the contract, the…
Q: Why is past consideration no consideration at all? The adequacy of past consideration is…
A: Past consideration is considered to be illusory. Past consideration for the most part doesn't…
Q: Use a clear example to demonstrate when a valid and legal contract can be declared void and explain…
A: A contract is void if, after it has been entered into, it becomes impossible or unlawful to carry…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- 31 - Which of the following bear only the obligations of being a trader?A) Government official who has established a commercial enterprise although it is prohibited to engage in commercial activitiesB) A pharmacist operating a pharmacy without the permission of the Ministry of Health.C) A 15-year-old person who runs a business on his behalf, even partiallyD) A 25-year-old person who runs a business on his behalf, even partiallyE) A person who acts with third parties in good faith on behalf of a company that does not exist legallyChoose the right answer. 2. (The law of Agency) Conflict of interest means ________________. a. Agent is interested in Principal business b. Principal is interested in Agent business c. Agent stands to compete with Principal interest d. Principal stands to compete with Agent interest 3. (Law of Contract) The agreement is _____________ if it is caused by mistake as to any law in force in Malaysia. a. voidable b. void c. valid d. illegal 4. (Law of Contract) Yan wants to borrow RM20,000 from her friend Pang and Pang agrees to lend the money if Yan agrees to pay the money to Cathy, his sister in four installments. The above situation illustrates the principle of __________. a. consideration need not move from the promisee b. part payments are valid consideration c. natural love and affection is valid consideration d. executory consideration is performed after contract is madeTRUE OR FALSE. Write True if the statement is true. Otherwise, write false.1. Business advertisement is a valid offer.2. Deaf-mutes have no capacity to give consent.3. Fraud voids a contract.4. If B gives his consent due to A’s threat of exposing his marital affairs, there will be nocontract because consent is vitiated.5 Exaggerations in trade are not fraudulent
- 66) As a governance mechanism the “threat of takeover” refers to: a) The risk that the government might acquire the firm b) The danger that the firm might be acquired by others who offer the stockholders better management of the firm. c) Both A and B d) Neither A nor BScenarioAntonio Mbaza is employed by Klincor. For the duration of his employment, both him and hisemployer contributed the legislated UIF amount on a monthly basis. After a particularly frustratingday at work, Antonio hands in his resignation to his employer and his employer accepts theresignation. A week later, Antonio contacts his former employer requesting that the relevantdocumentation be completed and released so that he can claim his UIF benefits, the employerdenies the request, indicating that Antonio does not qualify to apply for UIF.With reference to the scenario provided, comment on the former employer’s statement thatAntonio does not qualify for UIF, with consideration to the following: The validity of Antonio’s UIF claim. The categories for which UIF can be claimed. The duration for which Antonio could have expected to receive UIF payments.Which of the following represents an agency relationship? 1) Horace wants to sell his farm and hires Marcie as his realtor. The two agree that if Marcie finds a buyer for the farm at Horace's price, then Horace will pay Marcie 7% of the price he receives. 2) Bob dies and leaves his assets in a trust for his minor child, Lilly. In the trust, Bob appoints Reggie as the trustee to act for Lilly's benefit. Since Reggie has a fiduciary duty to Lilly as trustee, Reggie is Lilly's agent. 3) Lucy contracts to sell her car to Tony for $5,000. Tony purchases the car only to find it not in the condition that Lucy described it. Tony is claiming that Lucy violated her fiduciary duty to him as his agent under the agreement. 4) Hunt is an attorney of questionable ethics. Roger, one of Hunt's clients, is arrested for DUI, but appears to be too intoxicated to consent to a breath test. Hunt is contacted by…
- In a self-funded health plan for a commercial company, which entity bears the risk for the medical costs: A. Health Plan B. Federal Government C. Member D. The company purchasing the insurance 2. Under the essential benefits of the affordable care act, which benefit requires no cost sharing for the member (i.e., first dollar coverage): A. Emergency services B. Maternity services C. Laboratory services D. Preventive and wellness services 3. Language in provider contracts that automatically renew the agreement for additional term(s) would be found under which of the following contract clauses in a managed care agreement: A. For cause termination B. Indemnification C. Evergreen D. Utilization management 4. Payment by a health plan to a provider in a fee for service arrangement represents what to a provider: A. Cost B. Revenue C. Investment D. Reimbursement 5. Which of the following is not true of a self-funded plan: A. Health plan bears the risk for the medical cost B. Not regulated by…You have a job bidding provision in the contract which says. Vacancies in bargaining unit positions shall be posted for seven (7) days. All bids filed with the posting period shall be considered. If qualifications are relatively equal, the more senior bidder shall be granted the position, provided, however, that employees granted a position hereunder shall be ineligible to be granted a new position for one year from the date of promotion. You hire an external applicant who is far better than the senior bidder. Under what circumstances could you hire the outside applicant under this language. What argument would you expect the union to make? What would you expect the union to say if you offered to grant the next vacancy to the senior person denied the position and why?White booked a flight for a business trip with his company’s travel agent. He filled out two expense reports for this trip,and on each report, he requested reimbursement for the cost of the ticket. On one report,he attached his airline stub as support for the expense. On the other report, he attached the travel agency’s invoice as support.What kind of scheme was White attempting? a. A false billing scheme b. A mischaracterized expense scheme c. An overstated expense scheme d. A multiple reimbursement scheme
- 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”?Which of the following premortem actions can increase the liquidity of a decedent's estate? Making certain that a client's will is executed with all of the required legal formalities Stating reasons in a client's will why a close family member is not receiving any part of the client's estate Urging a client to keep written current records of payments made by the client on debts owed to third parties Urging a client to require written security for a promissory note given to the client for assets purchased from the client A) I, II, and IV B) I and II C) I, II, III, and IV D) III and IVSubject: 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?