Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer all 4 parts to the question for an instantaneous like A contract that is typically prepared by one party who had overwhelming bargaining
please answer all 4 parts to the question for an instantaneous like
A contract that is typically prepared by one party who had overwhelming bargaining power over the other party so that there is no negotiating possible by the weaker party is called an adversarial contract a reversible contract an adhesion contract none of the above Mutual mistake occurs when: only one person to the contract makes a mistake there is a mistake that is trivial or insignificant both patrites make the same mistake, and there is no meeting of the minds none of the above Bob and I enter an agreement that I will provide legal services to Bob's business for a period of one year for $1,000,000 Before I begin to provide services to Bob, Bob and I agree that I will not provide the legal services and Bob will not pay the $1,000,000. As a result, we are both discharged from performing any obligations under our original contract. This new agreement (a contract), is called an accord and satisfaction novation release No answer text provided. Bob and I enter a contract which provides that I will perform legal services for Bob's business for a period of 1 year for the sum of $1,000,000. Before I begin providing legal services to Bob's business under the terms of our contract, Bob and I reach a new agreement. In this new contract, I agree to provide the services to Bob's business for 6 months for $200,000 instead of for 1 year at the higher rate and neither Bob or I are obligated to perform the original contract. Bob and 1 have reached an accord and satisfaction novation release No answer text provided Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started