Question
11.) T/F: For a contract to be valid, both the offer and the acceptance do not need to be communicated. 15.)T/F: A minor cannot disaffirm
11.) T/F: For a contract to be valid, both the offer and the acceptance do not need to be communicated.
15.)T/F: A minor cannot disaffirm a contract once he or she has communicated acceptance of it.
22.) T/F:Uncle Morty has a nephew who has become rich from his patented graphic designs. Uncle Morty persuades his nephew to buy a ramshackle mansion that Morty owns at 50% above market value. This is dodgy, but not undue influence.
23. T/F: When Si, a produce supplier, breaches a contract for a sale of goods, knowing the buyer, Rich, plans to resell (at a profit) the goods to area restaurants, where Rich has numerous personal contacts, Rich can recover the profits he would have earned from the planned resale.
24. T/F:Candy rents an apartment from Bill on a 12-month lease. The roof springs a small but persistent leak over the kitchen sink and Bill cannot get to it to fix it until the next day. Candy can cancel her entire lease.
25. T/F:Joe and Mick are partners and discover, shortly after they start working together, that their joint venture agreement will not work as they originally intended. Mick's attorney says that unless they can settle the matter between them, an action for rescission and restitution will help decide who gets what.
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