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Pleaaaase I really need some help HELP CENTER Question 1 Contracts relating to most of the contracts covered in this course, including services, real estate
Pleaaaase I really need some help
HELP CENTER Question 1 Contracts relating to most of the contracts covered in this course, including services, real estate employment, and insurance are genera Selected Answer Common law Question 2 John has a contract to provide landscaping services for Elena Under which of the following circumstances would this contract fall within th Selected Answer: John plans to delegate some of the work to other people Question 3 Glovanni calls David and tells him that he is thinking about listing his farm with a real estate agent next month for 1 million. The next day, D. accept your offer to buy your farm for $1 million." Is there an offer between the parties? Selected Answer: Yes, because Glovanni communicated his intent to David, Question 4 Victor offers to buy Zeke's car for 58000, and Zeke takes some time to think about it. The next day, Victor is involved in a fatal accident. Zeketh Victor's offer. Zeke later demands 58000 from Victor's estate in exchange for the car is Victor's estate obligated to buy Zeke's car? Selected Answer No, the offer terminated upon Victor's death Question 5 Alvin offers to sell his house to Simon for $220,000. The terms of the offer state that Simon has seven days to consider the offer. Two days after he will buy the house for $200.000. Alvin immediately rejects the offer. Two days later, Alvin sells the house to Theodore for $225.000, Simon call original terms of Alvin's offer. Which of the following correct? Selected Answer Alvin has no contract with Simon because Simon's counteroffer terminated Amin soffer. TAKING YOU TO A Question 16 isty invents a smartphone app where users try to locate small creatures. She receives a letter from the creators of Pokemon GO, hd threatening to sue for copyright infringement if she does not comply. Misty signs a royalty agreement with the creators. Could grounds of duress? Selected Answer Yes, because she signed the agreement under threat of lawsuit Question 17 A contract between Slim and Goldie may NOT be assigned if it Selected Answer: does not expressly permit assignment Question 18 Per a world famous musician and composer, agrees to give ten plano lessons to Quinn in exchange for 51.000. Could Peri transfer her pianist? Selected Answer: No, because contracts may not be freely delegated. Question 19 Estate Properties contracts with Tonka Contracting to build thirty apartments, with construction to be completed by August 1. Tonka mah on time, but it finishes one week late. What are Estate's rights? Selected Answer: Estate must treat Tonka the same as if it completed the work on time. Question 20 Noelle and Margaret have a contract for Margaret to purchase Noelle's land for $15,000. On the day of the scheduled closing Margaret offer to take the check and tells Margaret that she has changed her mind regarding the sale. Under these facts, Margaret Selected Answer: has tendered payment and can sue Noelle for refusing to perform HELP CENTER Question 6 Simon (who is not a merchant) offers to sell his chain whip to Richter. He agrees to give Richter one week to think about the offer, Simon la the offer before the one week period is up. Under which of the following circumstances must Simon give Richter the full week to consider th Selected Answer Richter paid Simon $10 in exchange for holding the offer open for a week Question 7 Jonah tells Levi that he will give him 100 if Levi promises to do Jonah's chores for a month. Levi agrees. The next day, Levi does Jonah's chore the chores as promised. Jonah pays Levi. At what point was there a bilateral contract created between Jonah and Levi? Selected Answer: When Levi agreed to do the chores Question 8 Drake CPA Pirms sends Sarah a letter offering her a staff accountant position. The letter details all of the essential terms of the employment a the letter if she chooses to accept the letter. Sarah signs the letter and places it in a mailbox. Assuming that Sarah has made no changes to Dre Selected Answer: Drake receives the letter a. Question 9 David owes Eli 57000, David offers to sign over title to his classic car worth 55000, in exchange for canceling the debt. Ell agrees. Which of the fol Selected Answer There is a contract, but only part of the debt will be canceled, Question 10 Belle gives Samud three homemade pleces of jewelry for Samuel's daughters. To show his appreciation Samuelsends Belle an email promising to gave to Samuelis worth at most. 5100, Samuels promise to pay Belle enforceable? Selected Answer No, because the jewelry is worth substantially less than 5600 Question 11 John obtains a loan from Liberty Credit Bank at an interest rate that exceeds the state's maximum. Liberty has Selected Answer: violated a licensing statute. Question 12 Stacy is an insurance agent for Small State Insurance Co. Her employment contract contains a cause stating that, if her emplo or another insurance agency anywhere in the state for six months after the termination of her employment. Once Stacy's em Selected Answer valid, but only if it does not impose a greater restraint than reasonably necessary to protect Small State Question 13 Dr. Wilson is a pediatrician She discovers that her assistant failed to send in the paperwork to renew her license and that she h Can she still collect fees from her patients for services rendered while she did not have a license? Selected Answer: No, she cannot collect those fees. Question 14 Garth owns two all terrain vehicles (ATV) worth $1,000 and 5500, respectively. Helen agrees to buy "Garth's ATV" for $750, Garth ATV. Helen believes, in good faith that she is buying the $1.000 ATV. In this situation Selected Answer: there is no contract Question 15 Fox purchases Insurance from Smash insurance Services Co. In the application for insurance, he states that he is not engaged in learns that Fox flying fighter planes for a living Smash has not paid any benefits on the policy. Assuming that flying fighter planes Selected Answer Cansu Fox for fraud and either obtain punitive damages or cancel the policy Question 20 Noelle and Margaret have a contract for Margaret to purchase Noelle's land for $15,000. On the day of the scheduled closing. Margaret off to take the check and tells Margaret that she has changed her mind regarding the sale. Under these facts. Margaret Selected Answer: has tendered payment and can sut Noelle for refusing to perform Question 21 Plt enters into a three-year employment agreement with Icarus Industries, Inc. with the starting date of May 15. on March 30. Pir tells Icarus and that he will not work for anus. Icarus may treat the employment contract as breached as of March 30 Selected Answer Question 22 Claude has a contract with degard to provide self defense lessons when taudeis unable to provide the lessons Ferdinand states that he Edelgard. Which of the following must happen for a novation to take place? Selected Answer All three of the must agree to allow Ferdinand to substute for Claude Question 23 Hugo has a contract with Marls to sell bestetion to her for $250, Before Maria arrives at his house to pick up the television Hugo's apartme rightsobligations if the television is destroyed by the lood? Selected Answer po's obligation under the contracts now clocharged Question 24 The remedy of specific performance calls for the performance of an act promised in the contract. When is specific performance an appropriate Selected Answer Anytime there is a breach of contract. regardless of the circumstances. HELP CENTER Question 1 Contracts relating to most of the contracts covered in this course, including services, real estate employment, and insurance are genera Selected Answer Common law Question 2 John has a contract to provide landscaping services for Elena Under which of the following circumstances would this contract fall within th Selected Answer: John plans to delegate some of the work to other people Question 3 Glovanni calls David and tells him that he is thinking about listing his farm with a real estate agent next month for 1 million. The next day, D. accept your offer to buy your farm for $1 million." Is there an offer between the parties? Selected Answer: Yes, because Glovanni communicated his intent to David, Question 4 Victor offers to buy Zeke's car for 58000, and Zeke takes some time to think about it. The next day, Victor is involved in a fatal accident. Zeketh Victor's offer. Zeke later demands 58000 from Victor's estate in exchange for the car is Victor's estate obligated to buy Zeke's car? Selected Answer No, the offer terminated upon Victor's death Question 5 Alvin offers to sell his house to Simon for $220,000. The terms of the offer state that Simon has seven days to consider the offer. Two days after he will buy the house for $200.000. Alvin immediately rejects the offer. Two days later, Alvin sells the house to Theodore for $225.000, Simon call original terms of Alvin's offer. Which of the following correct? Selected Answer Alvin has no contract with Simon because Simon's counteroffer terminated Amin soffer. TAKING YOU TO A Question 16 isty invents a smartphone app where users try to locate small creatures. She receives a letter from the creators of Pokemon GO, hd threatening to sue for copyright infringement if she does not comply. Misty signs a royalty agreement with the creators. Could grounds of duress? Selected Answer Yes, because she signed the agreement under threat of lawsuit Question 17 A contract between Slim and Goldie may NOT be assigned if it Selected Answer: does not expressly permit assignment Question 18 Per a world famous musician and composer, agrees to give ten plano lessons to Quinn in exchange for 51.000. Could Peri transfer her pianist? Selected Answer: No, because contracts may not be freely delegated. Question 19 Estate Properties contracts with Tonka Contracting to build thirty apartments, with construction to be completed by August 1. Tonka mah on time, but it finishes one week late. What are Estate's rights? Selected Answer: Estate must treat Tonka the same as if it completed the work on time. Question 20 Noelle and Margaret have a contract for Margaret to purchase Noelle's land for $15,000. On the day of the scheduled closing Margaret offer to take the check and tells Margaret that she has changed her mind regarding the sale. Under these facts, Margaret Selected Answer: has tendered payment and can sue Noelle for refusing to perform HELP CENTER Question 6 Simon (who is not a merchant) offers to sell his chain whip to Richter. He agrees to give Richter one week to think about the offer, Simon la the offer before the one week period is up. Under which of the following circumstances must Simon give Richter the full week to consider th Selected Answer Richter paid Simon $10 in exchange for holding the offer open for a week Question 7 Jonah tells Levi that he will give him 100 if Levi promises to do Jonah's chores for a month. Levi agrees. The next day, Levi does Jonah's chore the chores as promised. Jonah pays Levi. At what point was there a bilateral contract created between Jonah and Levi? Selected Answer: When Levi agreed to do the chores Question 8 Drake CPA Pirms sends Sarah a letter offering her a staff accountant position. The letter details all of the essential terms of the employment a the letter if she chooses to accept the letter. Sarah signs the letter and places it in a mailbox. Assuming that Sarah has made no changes to Dre Selected Answer: Drake receives the letter a. Question 9 David owes Eli 57000, David offers to sign over title to his classic car worth 55000, in exchange for canceling the debt. Ell agrees. Which of the fol Selected Answer There is a contract, but only part of the debt will be canceled, Question 10 Belle gives Samud three homemade pleces of jewelry for Samuel's daughters. To show his appreciation Samuelsends Belle an email promising to gave to Samuelis worth at most. 5100, Samuels promise to pay Belle enforceable? Selected Answer No, because the jewelry is worth substantially less than 5600 Question 11 John obtains a loan from Liberty Credit Bank at an interest rate that exceeds the state's maximum. Liberty has Selected Answer: violated a licensing statute. Question 12 Stacy is an insurance agent for Small State Insurance Co. Her employment contract contains a cause stating that, if her emplo or another insurance agency anywhere in the state for six months after the termination of her employment. Once Stacy's em Selected Answer valid, but only if it does not impose a greater restraint than reasonably necessary to protect Small State Question 13 Dr. Wilson is a pediatrician She discovers that her assistant failed to send in the paperwork to renew her license and that she h Can she still collect fees from her patients for services rendered while she did not have a license? Selected Answer: No, she cannot collect those fees. Question 14 Garth owns two all terrain vehicles (ATV) worth $1,000 and 5500, respectively. Helen agrees to buy "Garth's ATV" for $750, Garth ATV. Helen believes, in good faith that she is buying the $1.000 ATV. In this situation Selected Answer: there is no contract Question 15 Fox purchases Insurance from Smash insurance Services Co. In the application for insurance, he states that he is not engaged in learns that Fox flying fighter planes for a living Smash has not paid any benefits on the policy. Assuming that flying fighter planes Selected Answer Cansu Fox for fraud and either obtain punitive damages or cancel the policy Question 20 Noelle and Margaret have a contract for Margaret to purchase Noelle's land for $15,000. On the day of the scheduled closing. Margaret off to take the check and tells Margaret that she has changed her mind regarding the sale. Under these facts. Margaret Selected Answer: has tendered payment and can sut Noelle for refusing to perform Question 21 Plt enters into a three-year employment agreement with Icarus Industries, Inc. with the starting date of May 15. on March 30. Pir tells Icarus and that he will not work for anus. Icarus may treat the employment contract as breached as of March 30 Selected Answer Question 22 Claude has a contract with degard to provide self defense lessons when taudeis unable to provide the lessons Ferdinand states that he Edelgard. Which of the following must happen for a novation to take place? Selected Answer All three of the must agree to allow Ferdinand to substute for Claude Question 23 Hugo has a contract with Marls to sell bestetion to her for $250, Before Maria arrives at his house to pick up the television Hugo's apartme rightsobligations if the television is destroyed by the lood? Selected Answer po's obligation under the contracts now clocharged Question 24 The remedy of specific performance calls for the performance of an act promised in the contract. When is specific performance an appropriate Selected Answer Anytime there is a breach of contract. regardless of the circumstances Step by Step Solution
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