a)Finch and Nina enter into a contract for Finch to purchase Nina's apartment for $150,000 00 In this scenario, both parties are mentally competent and over the age of 18 Explain if this would be a valid contract and use the elements of the contract b)Now, lets suppose Finch is 15, how would this change the contract c) Instead of entering into a contract to purchase Nina's apartment, the two enter into a contract for Finch to buy Nina's prescription pills How would this impact the validity of the contract a) Leslie loves the parks and rec department of Pawnee She really wants to make sure it succeeds She promises to give the Parks and Rec Department $10,000 00 on December 25th Would this be considered a valid contract Why or why not b)Leslie promises to pay the gift to the Parks and Rec department if Ron will eat a banana Ron eats the banana Does this change your answer from part a Ross tells Joey he wants to help him become a huge soap opera star He knows a lot of investors in the industry and tells Joey if he gives him $50,000 00 he can connect Joey with the right people to help him become a huge star They enter into a contract with these terms Ross doesn't actually know anyone in the industry Joey gives Ross the $50,000 00 Ross uses it to buy a pet money and not help Joey Explain if this is fraud and apply all of the elements to the case Monica and Chandler are getting married outside of Central Perk A huge snowstorm happens the day of the wedding As such, the caterer is unable to make the wedding and provide the food What clause does he want to have in his contract that would allow him to get out of performance Explain what this clause means a)Frasier owns a bar, which he names Cheers, but does not incorporate and works as a sole prop He needs a loan to help fund this bar He goes to the bank and establishes a line of credit He defaults on this line of credit Can the bank sue him personally to pay this loan back b)Suppose Frasier did not want to go into business alone and went into business with Sam to help run Cheers They do not incorporate again What type business entity is this now Once again, they need a loan Explain who is liable for the loan in this situaiton as well c) If they do not agree for an end date to doing business together, what would this be known as

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a)Finch and Nina enter into a contract for Finch to purchase Nina's apartment for $150,000.00. In this scenario, both parties are mentally competent and over

a)Finch and Nina enter into a contract for Finch to purchase Nina's apartment for $150,000.00. In this scenario, both parties are mentally competent and over the age of 18. Explain if this would be a valid contract and use the elements of the contract.

b)Now, lets suppose Finch is 15, how would this change the contract?

c) Instead of entering into a contract to purchase Nina's apartment, the two enter into a contract for Finch to buy Nina's prescription pills. How would this impact the validity of the contract?

a) Leslie loves the parks and rec department of Pawnee. She really wants to make sure it succeeds. She promises to give the Parks and Rec Department $10,000.00 on December 25th. Would this be considered a valid contract? Why or why not?

b)Leslie promises to pay the gift to the Parks and Rec department if Ron will eat a banana. Ron eats the banana. Does this change your answer from part a?

Ross tells Joey he wants to help him become a huge soap opera star. He knows a lot of investors in the industry and tells Joey if he gives him $50,000.00 he can connect Joey with the right people to help him become a huge star. They enter into a contract with these terms. Ross doesn't actually know anyone in the industry. Joey gives Ross the $50,000.00. Ross uses it to buy a pet money and not help Joey. Explain if this is fraud and apply all of the elements to the case.
Monica and Chandler are getting married outside of Central Perk. A huge snowstorm happens the day of the wedding. As such, the caterer is unable to make the wedding and provide the food. What clause does he want to have in his contract that would allow him to get out of performance. Explain what this clause means.

a)Frasier owns a bar, which he names Cheers, but does not incorporate and works as a sole prop. He needs a loan to help fund this bar. He goes to the bank and establishes a line of credit. He defaults on this line of credit. Can the bank sue him personally to pay this loan back?

b)Suppose Frasier did not want to go into business alone and went into business with Sam to help run Cheers.

They do not incorporate again. What type business entity is this now? Once again, they need a loan. Explain who is liable for the loan in this situaiton as well.

c) If they do not agree for an end date to doing business together, what would this be known as?