Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Question
Chapter 12, Problem 5CO
Summary Introduction
To discuss: The contracts that are enforceable even though they are not supported by consideration.
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Students have asked these similar questions
The contract of sale is an onerous contract.
a. True
b. False
What are the elements of a contract? Explain who the parties of a contract might be.
Which one of the following is a term that is implied by statute?
Select one:
a. A term required to make the contract between the parties effective
b. A term that goods must be of merchantable quality
c. Good faith
d. A term implied on the basis of past dealings between the parties
Chapter 12 Solutions
Smith and Roberson’s Business Law
Ch. 12 - Prob. 1COCh. 12 - Prob. 2COCh. 12 - Prob. 3COCh. 12 - Prob. 4COCh. 12 - Prob. 5COCh. 12 - Prob. 1QCh. 12 - Prob. 2QCh. 12 - Prob. 3QCh. 12 - Prob. 4QCh. 12 - Prob. 5Q
Ch. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - Prob. 9QCh. 12 - Prob. 10QCh. 12 - Prob. 11QCh. 12 - Prob. 12CPCh. 12 - Prob. 13CPCh. 12 - Prob. 14CPCh. 12 - Prob. 15CPCh. 12 - Prob. 16CPCh. 12 - Prob. 17CPCh. 12 - Prob. 18CPCh. 12 - Prob. 19CPCh. 12 - Prob. 20CPCh. 12 - Prob. 1TSCh. 12 - Prob. 2TSCh. 12 - Prob. 3TS
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Similar questions
- What is meant by ‘Assignment of contracts’ under the Contract Act, 1872? State any four rules subject to which a contract may be assigned by act of partiesarrow_forwardA contract becomes binding for the parties to the contract only when it satisfies some essential prerequisites. Discuss.arrow_forward3. Define the term contract and list all the essentials of a valid contract.arrow_forward
- The articles of partnership is a written contract describing the terms of a partnership.;True or Falsearrow_forwardUse a clear example to demonstrate when a valid and legal contract can be declared void and explain the reasons behind such a decision.arrow_forwardThe contract of sale is distinct from other types of contracts because it has two additional requirments for validity. In order for a valid sale agreement to be concluded, the parties must agree on i) the object of sale and ii) on the purchase price. Briefly explain what each of these two requirements entail.arrow_forward
- What does agency law tell us about who may sign or executed agreements for a company and who is liable when they do.arrow_forwardDistinguish an ordinary contract from an obligationarrow_forwardDescribe when a covenant not to compete will be enforced and identify the two situations in which these types of covenants most frequently arise.arrow_forward
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