Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

10. Adam indicates to Beth that he is acting as an agent on behalf of an unidentified client when he enters into a contract with

image text in transcribed
10. Adam indicates to Beth that he is acting as an agent on behalf of an unidentified client when he enters into a contract with Beth. Assume that Adam is acting within the scope of his authority. Liability to Beth for nonperformance of the contract may be imposed by a court on a. Adam only b. the unidentified client only c. Adam and the unidentified client. d. none of the above. 11. A(n) contract is one that has been fully performed by both parties. Executory. Fully integrated. c. Executed. d. Voidable. 12. The Mirror Image Rule requi order to create a contract. T F ires an acceptance to conform exactly to an offerin 13. The Parol Evidence Rule allows evidence outside of the four corners of a contract to be received during a trial in order to explain an ambiguous provision contained in a fully integrated contract. TF If an offeree's acceptance of an offer is received after the rejection of the offer has first been received by the offeror, there is no contract between the parties. T F 15. A person who entered into a contract when he or she had been consuming alcoholic beverages can always avoid the contract if the other party had not been drinking. T F 16. When both parties are mistaken as to the same material fact, either party can generally rescind the contract. This is known as the doctrine of a. Unilateral mistake. b. Fraud in the execution. c. Mutual mistake. Res ipsa loquitur 17, A later promise to do what one already has a pre-existing legal duty to do is generally not considered to be legally sufficient consideration. T F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Aviation Tax IRS Audit Techniques Guide

Authors: Internal Revenue Service

1st Edition

1304131696, 978-1304131690

More Books

Students also viewed these Accounting questions