1. Quinn is a luxury home builder. Wade hires Quinn to build her dream in the City of Coquitlam. The agreement is that Quinn will complete the home by August 1, 2018 for $500,000.00 CAD. On June 1, 2018, Quinn tells Wade that the cost of lumber has gone up and that he needs an extra $75,000 in order to complete on August 1, 2018 otherwise he will not be able to complete on that date. Wade who needs to be in the home on August 1, 2018 agrees to pay him the $75,000. On August 1, 2018, the home is completed and Wade moves in. Wade then serves Quinn with a Notice of Civil Claim for the $75,000 for a breach of contract. Quinn comes to your law office to prepare defense. Is there any legal principle that Quinn can use to have a successful defense? Explain.

2. Joe and Sam set up an import/export business in partnership, but they need extra money. Harry is invited to invest as a limited partner. Unfortunately, the business begins to lose money because of the poor business sense of Joe and Sam. Harry has the business expertise to turn the business around, or at least he thinks so. What would your advice be to Harry in these circumstances?

3. You are a real estate developer in downtown Vancouver. There is a property in Vancouver you would like to purchase that will allow you to build a 50 storey condominium building. The cost to purchase the property will be $10 M. To build and develop the condominium will be $80 million. However, once the building is completed and sold off, the total profit from the project will be over $200 million. You only have $50 million to buy and build the property which means you have a shortfall of $40 million. You did not want to get debt or loans from the bank or other parties for this amount. What are two business structures can you use to obtain the remaining $40 million without getting debt? Fully explain your answer

4. Joe offered to sell Harry his car for $500, but Harry said he needed some time to think about it. A couple of days later, Harry phoned Joe to say that he'd give Joe $450 for the car. Joe refused to take this. Then Harry said, "All right, I'll accept your offer for $500." Joe said that he'd changed his mind and refused to go through with the deal. Harry sued. Explain Joe's legal liability.

5. Indicate three advantages to incorporation (explain).

6. Joe drove his car into Sam's garage to have some repair work done. He told Sam to fix the carburetor. Sam worked on it most of the afternoon and found he had to rebuild the carburetor. He presented Joe with a bill for $250 when he returned. Joe refused to pay, saying that he had taken a law course and knew that, because they didn't agree to a specific consideration ahead of time, he was not bound in contract. Was he correct? Explain.

7. Jason owns and operates his own service company to provide emergency repair services for personal computers. Nancy was streaming a video that uploaded a virus on her computer. The virus caused the computer to automatically restart every 5 minutes. Nancy needs her computer to finish her Court Assignment. She searches online for computer repair services and finds Jason. Jason comes to her house to fix the computer. Nancy tells Jason to repair her computer. After 45 minutes, Jason restores her computer to its original state. Jason then hands Nancy an invoice for $2,000.00 for his time and services. She tells Jason that he is ripping her off especially since she did not agree to that price when she requested his services; in fact, it was never discussed. She decides not to pay him due to the lack of consideration. Explain what legal remedy is available to Jason so he can be paid for his services.

8. Sam agreed to buy property from Joe to build a store of a certain design. Joe, the vendor, was aware of the design and knew that an easement (land restriction) across the back of the property would prevent such a building being erected, but said nothing. Sam purchased the property, later discovered the easement, and learned that Joe knew about it. He sued for misrepresentation. Discuss the likely outcome.

9. You are looking to buy a home in Richmond, B.C, for $1.2 Million with a closing date of November 1, 2019. Today is October 29, 2019. The seller has indicated to you that they are not willing the close the deal on November 1, 2019. The contract of purchase and sale for the home is legally enforceable and does not have any conditions for the home to close. What are your two options given the seller's indication of not willing to close on November 1, 2019? Also, are there any risks to either option.

10. Identify and briefly explain the five elements of a Contract to be legally enforceable.