I was asked by Mr. Smith to find a buyer for his restaurant in exchange for a
Fantastic news! We've Found the answer you've been seeking!
Question:
I was asked by "Mr. Smith" to find a buyer for his restaurant in exchange for a payment of 15% of the sales price if I found a buyer. I did not have a real estate license nor did I claim to have one.I obtained a buyer and was paid one-half of the commission.Smith refused to pay any more commission saying that he did not have to since I did not have a realtor's license as required by state law. Is he correct? He also said that I had to return the part of the commission that he had already paid to me. Is this correct?
- I have worked for my employer for five years. Last week, he asked me to sign a document entitledCovenant Not to Compete.In this agreement I promised not to compete with him, regarding accounts that I had serviced, for a period of two years after I leave. I did not receive anything for signing this agreement. Where is the consideration? Is this agreement enforceable?
- Please explain whatcompetentmeans regarding the requirement that an agreement be betweencompetentparties in order for a contract to be effective?
- My 15-year old son, who looks older, just signed a contract joining a health club which has "dues" of $50.00 a month. Is this contract valid?
- What does the termconsiderationmean as far as the enforceability of an agreement is concerned?
- What if my employer threatens to fire me if I refuse to sign the covenant not to compete?
- What if I were required to sign such an agreement as a condition of being hired?
- What does the element "lawful objective" deal with?
- Must a contract be in writing to be enforceable?
- When is a contract deemed to have been performed ordischarged?
- What the remedies in the event of a breach of contract?
Posted Date: