Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Ezekiel Easy Rawlins agrees, for a certain fee,to serve as a private investigator for Macy'sand company, a New York retail establishment. To support a contract,

Ezekiel "Easy" Rawlins agrees, for a certain fee,to serve as a private investigator for Macy'sand company, a New York retail establishment. To support a contract, the consideration exchanged by the parties must

a.

adequately considerate.

b.

wisely priced.

c.

equally valuable.

d.

legally sufficient.

2 points

QUESTION 22

After several courtroom hearings, a judge has found Kellyanne Conway mentally incompetent and appointed Hope Hicks to be her guardian. Sometime after and without Hicks' knowledge, Kellyanne signs a contract to sell her farm to Sarah for its real market value. The contract is

a.

enforceable if Kellyanne knew the market value of the farm.

b.

enforceable if Kellyanne comprehended the consequences.

c.

void.

d.

enforceable if Kellyanne was the record owner of the farm.

2 points

QUESTION 23

J.P. Dorsey offers Stan Van Gundy a full-time position as a software engineer at Twitter. The offer does not contain a specific timeframefor acceptance. The offer will terminate

a.

after a month (thirty calendar days).

b.

never.

c.

after a reasonable period of time.

d.

after a work week (five business days).

2 points

QUESTION 24

In a majority of the U.S., at the age of eighteen, men and women have reached

a.

the age of competence.

b.

the age of ratification.

c.

the age of majority.

d.

the age of infancy.

2 points

QUESTION 25

Machine Gun Kelly tells Meagan Fox that he will deliver her boxes of Girl Scout Cookiesas she directs. A declaration that one will do something in the future is part of the definition of

a.

a principle.

b.

a prediction.

c.

a premise.

d.

a promise.

2 points

QUESTION 26

Ye promises to pay Jay-Z $10,000,000.00 because "Jay-Z does not have as much money as Ye does." Ye's promise is

a.

enforceable because the redistribution of wealth is a valid social goal.

b.

enforceable because society wants people to keep their promises.

c.

not enforceable because Jay-Z has not given consideration in return.

d.

not enforceable because Ye could have paid Jay-Z more.

2 points

QUESTION 27

Benito Antonio Martnez Ocasio's grandfather informs him that if "he feels that Benito deserves it," he will give Benito $1,000 when Benito completes and receives his AS in Business Administration. Benito's grandpa's promise is

a.

enforceable.

b.

a forbearance.

c.

a preexisting duty.

d.

illusory.

2 points

QUESTION 28

Post Malone is very drunk under a heavy influence of alcohol, but, he is mentally capable of understanding the consequences of his actions. In this state,Malone contracts to transfer the rights to his latest musical recording to Republic Records. The contract is

a.

enforceable only if Post Malone does not attempt to disaffirm it.

b.

enforceable only if Republic Records does not attempt to disaffirm it.

c.

unenforceable if Republic Recordsattempts to disaffirm it.

d.

enforceable even if Post Maloneattempts to disaffirm it.

2 points

QUESTION 29

Dwyane Wade andGabrielle Union are in a minor fender bender. Dwyane offers Gabrielle$2,000 if she promises not to sue Dwyane. Gabrielleagrees. Later,Gabrielle discovers that it will cost $1,500 to repair her car and $4,000 to cover the medical expenses for a hidden injury.

If Gabrielle decides to sue Dwyane to recover all of her repair and medical expenses,Gabrielle will most likely recover

a.

half the amount to pay the costs over what Dwayne already paid Gabirel.

b.

nothing.

c.

the estimated amount to pay those costs and any other liability.

d.

the exact amount to pay those costs and no more.

2 points

QUESTION 30

Olivia Rodrigo enters into a contractual agreement with Dan + Shay to have the duo perform at her party. The requirements of this and any other contractual agreement do not include

a.

capacity.

b.

consideration.

c.

legality.

d.

practicality.

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

Contemporary Management

Authors: Gareth Jones, Jennifer George

9th Edition

0077718372, 978-0077718374

Students also viewed these Law questions

Question

Discuss the impact of volatility on the premiums of calls and puts.

Answered: 1 week ago