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Instructions: Answer each of the following questions in ten sentences or less. Type and label your answers. Use the IRAC format. A) Do the following
Instructions:Answer each of the following questions in ten sentences or less. Type and label your answers. Use the IRAC format.
A) Do the following contracts need to be in writing to be enforceable? Explain why or why not.
- An agreement of sale for a piece of real estate for a corporation to build a new warehouse for $1,000,000.
- A contract for consulting services for $80,000 over the next 11 months.
B) Which of the following constitute substantial performance? Explain why or why not.
- Widower contracts with Artist to paint a portrait of his late wife. The portrait is done on time and professionally but the likeness, while resembling her, does not look exactly like the woman.
- The Yellow Pages agrees to publish a half-page advertisement for Local Dry Cleaner in exchange for $2,000. The advertisement is published, but one digit in the telephone number is incorrect.
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