Below are the questions, kindly solve

Question 6: Which statement best describes a 'meeting of minds'? (2 marks)

A. Where the parties agree on most of the essential terms of a contract.

B. Where there has been a valid acceptance of an offer; i.e. an agreement.

C. This is generally a stage in the negotiations, where the parties agree on the conclusions that should be reached.

D. This is stage before the contract is put formally in writing and signed by the parties.

Question 7: In Beswick v. Beswick (1967) the court held that since Mrs Beswick was not part of the contract made between her late husband and nephew, she had no rights under that contract. If the case was decided today, which statute would likely reverse the outcome of Beswick's case? (2 marks)

A. The Women's Charter.

B. The Agreement of Third Parties Act.

C. The Contracts (Rights of Third Parties) Act.

D. The Unfair Contracts Terms Act.

Question 8: Once a contract is reduced in writing, evidence cannot be introduced to contradict, vary, add to or subtract from the written agreement. What is this known as? (2 marks)

A. The Golden Rule, as suggested in the interpretation of contracts.

B. The Rule in Pinnel's Case, as interpreted in Beswick v. Beswick (1967).

C. The Parol Evidence Rule, as codified in the Evidence Act.

D. The Rule of Law.

Question 9: In Olley v Marlborough Court Ltd (1949), what led the court to decide that the exclusion clause found in the hotel room was not binding on the couple who checked into the hotel? (2 marks)

A. The court held that the exclusion clause was not binding on the couple because it was introduced after the contract had been made at the reception; the couple only became aware of the term when they went up to their room.

B. The court held that the exclusion clause was not binding on the couple because it was considered to be a ludicrous term.

C. The court held that the exclusion clause was not binding on the couple because it would be against public policy that a hotel could escape liability for a breach of contract on its part.

D. The court was of the opinion that the hotel, having insurance, would be in a position to reimburse the couple for the valuables lost. 5

Question 10: In the absence of any employer's legitimate interest to protect, which vitiating factor would render a contractual term restraining an employee from working for a competitor after he/she leaves his current employment unenforceable? (2 marks)

A. Public policy.

B. Illegality.

C. Misrepresentation.

D. Unconscionability???? Misrepresentation.

D. Unconscionability

What are the main differences between traditional economics and behavioral economics? Traditional economics is mainly theoretical. Cl Behavioral economics does not take as a given that decision makers are rational. 0 Traditional economics assumes that decision makers are fully' informed. Question 31 4 pts Which economic perspective is MOST associated with tax cuts and the "Laffer Curve?" O Austrian Economics O Supply Side Economics O Monetarist Economics O Keynesian economics Question 32 4 pts Which kind of economic policy focuses on the role of central banks/ Federal Reserve actions in maintaining a healthy economy? O Social policy Egalitarian policy O Fiscal policy Monetary policyQuantity of Quarks 2 4 6 8 10 12 14 16 18 20 Quantity of Quirks 11. Refer to the graph above to answer this question. If this society chooses to produce 10 quirks, what is the maximum quantity of quarks it can produce? A) 500 quarks. B) 800 quarks. C) No quark quarks. D) 600 quarks.le Edit View History Bookmarks Window Help A ecourses.pvamu.edu 9_ECON2113P04-2010-12775 What is the best way to describe the differences between microeconomics and macroeconomics? Select one: a. There are no differences between how resource allocation decisions are made in microeconomics and macroeconomics. b. Microeconomics analyzes the impact of the government's decision to raise or cut taxes on household and business spending and savings. Microeconomics focuses on the spending behavior and resource-allocation decisions of individual households and business, while macroeconomics deals with all resource-allocation decisions in an aggregate economy. d. Macroeconomics analyzes the impact of how many goods and services a firm produces and how the supply of and demand for those goods and services influence their prices and quantity. e. Macroeconomics focuses on the spending behavior and resource-allocation decisions of individual households and business, while microeconomics deals with all resource-allocation decisions in an 13 MacBook