Homework Answers
A Privity rule is an important part of the contract law... Privity law states that the contract is binding only to the parties and third person or a party cannot enforce the contract .It also says that the third party cannot be sued . In very simple words if a person is not a party then a contact cannot put obligations or confer rights to that person .
There are two exceptions also to this which are
- Collateral contracts
- Trusts
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The privity rule is one of the basic elements of contract law. What is the purpose...
What practical reasons do you think underlie the exception to the rule of privity of contract...
What practical reasons do you think underlie the exception to the rule of privity of contract that allows assignees and delegatees to sue and be sued in the event of a breach of the related contract?
Define the following business law terms: Apparent authority Vicarious Privity of contract Actual Authority Allocation Express...
Define the following business law terms: Apparent authority Vicarious Privity of contract Actual Authority Allocation Express authority Ratification Delegation Contract liability Respondiat superior Election rule Frolic of his/her own Independent contractors Unidentified
1. A contract that lacks one or more of the basic required elements of a contract...
1. A contract that lacks one or more of the basic required elements of a contract or that has not been formed in conformance with the law from the outset of the agreement is considered void. enforceable. voidable. valid. 2. A contract in which one party may disaffirm or enforce the contract is a voidable contract. a void contract. a valid contract. an unenforceable contract.
A type of a void contract is: One that meets the basic legal requirements for a...
A type of a void contract is: One that meets the basic legal requirements for a contract but may not be enforceable because of some other legal rule. One of those for which the statute of frauds requires a writing, but no writing is made. A contract that is without legal effect because it is for an illegal purpose. A contract that is induced by fraud or duress.
subject: law and ethcs 1.Basic elements of the employment relationship 2.the ways in which the law...
subject: law and ethcs
1.Basic elements of the employment relationship
2.the ways in which the law affects recruitment
practices
3.content of a typical employment contract
4.Legal issues relating to the terms and conditions of
employment.
Chapter 8 (Ch.20) covers the following important The Employment Relationship areas: * Basic elements of the employment relationship * The ways in which the law affects recruitment practices * Content of a typical employment contract *Legal issues relating to the terms and conditions of employment
Under the Parol Evidence rule the court will presume that? Select one: a. An oral contract...
Under the Parol Evidence rule the court will presume that?
Select one:
a. An oral contract does not contain all of the terms of the
agreement
b. A written contract contains all of the terms of the
agreement
c. A written contract does not contain all of the terms of the
agreement
d. An oral contract contains all of the terms of the
agreement
The different types of mistake recognised by the law include?
Select one:
a. Mutual, innocent and...
Please be able to explain all elements that are necessary for a successful contract formation, one that is enforceable...
Please be able to explain all elements that are necessary for a successful contract formation, one that is enforceable by law.
What is the different legal systems in the Caribbean context;he elements of Criminal Law? What is...
What is the different legal systems in the Caribbean context;he elements of Criminal Law? What is the definition of different torts and the legal consequences that flow from these civil wrongs? What are the Components of Contract Law?
1- What is a contract? 2- What are the elements of a valid contract? 3- What...
1- What is a contract? 2- What are the elements of a valid contract? 3- What is the statute of frauds? 4- What is an unilateral contract and what is a bilateral contract? 5- What is an option contract? 6- Can a mentally insane person enter into a contract? Why?
What is the purpose of a contract? What distinguishes a contract from other forms of agreement...
What is the purpose of a contract? What distinguishes a contract from other forms of agreement or other exchanges of promises?
subject: law and ethcs
1.Basic elements of the employment relationship
2.the ways in which the law affects recruitment
practices
3.content of a typical employment contract
4.Legal issues relating to the terms and conditions of
employment.
Chapter 8 (Ch.20) covers the following important The Employment Relationship areas: * Basic elements of the employment relationship * The ways in which the law affects recruitment practices * Content of a typical employment contract *Legal issues relating to the terms and conditions of employment
Under the Parol Evidence rule the court will presume that?
Select one:
a. An oral contract does not contain all of the terms of the
agreement
b. A written contract contains all of the terms of the
agreement
c. A written contract does not contain all of the terms of the
agreement
d. An oral contract contains all of the terms of the
agreement
The different types of mistake recognised by the law include?
Select one:
a. Mutual, innocent and...
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