Business Its Legal Ethical & Global Environment
10th Edition
ISBN: 9781305224414
Author: JENNINGS
Publisher: Cengage
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Give examples of obligations or contracts which are contrary to law .
Is there any exception to the rule that the particular motives of the parties in entering into a contract are different from the cause of the contract? If there is, what is it? Give examples.
Give examples of obligations or contracts which are contrary to good custom.
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- the effect of the doctrine of privity of contract is that a. a person who is not a party to a contract cannot obtain benefits or rights under it b. a unilateral contract is unenforceable against parties who have privity c. parties to a contract are protectred by the law d. a person can obtain rights under a contract for which he or she is not a partyarrow_forwardwhat is the liberty principle as it relates to contracts?arrow_forwardWhat exceptions are there to contracts that normally require a writing to be enforceable?arrow_forward
- Give examples of obligations or contracts which are contrary to public policy.arrow_forwardWhy would the existence of conditions subsequent and precedent affect the discharge of a contract?arrow_forwardExplain the role of Anticipatory Breach of Contract in non-performance of contract. Briefly state and analyze the provisions of Contract Act dealing with Anticipatory Breach of Contract. Support your answer with suitable case study/ case scenario.arrow_forward
- Are monetary obligations under a contract of surety intransmissible by their nature, by stipulation, or by provision of law?arrow_forwardWhich of the following arises when the seller's right to consideration from a customer is conditional upon something other than the passage of time? A receivable A contract asset A contract liability None of these choicesarrow_forwardExplain when exculpatory agreements, agreements involving the commitment of a tort, and agreements involving public officials will be held to be illegal.arrow_forward
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