Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer all 4 parts to the question for an instantaneuos like I entered a contract with S to buy S 's motorcycle for $1,000.

please answer all 4 parts to the question for an instantaneuos like image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
I entered a contract with S to buy S 's motorcycle for $1,000. We did not discuss when I would pay the purchase price or when the motorcycle would be delivered. I decided not to purchase the motorcycle. A court will find that there was no contract because the time for S and me to "perform" was not included in the contract and it is an essential term. A court will find that we entered into a binding contract, and that we both had a reasonable time to perform the contract. I will be liable for breach of contract if I do not perform in a reasonable time. A court will find no contract because we did not include a clause saying "time is of the essense" so I have 10 . days, or 10 years to perform the contract. No answer text provided. In California, a victim of fraud can only choose a contract remedy (rescinding the contract and obtaining restitution - anything given to the defrauding party as part of the contract) can only choose a tort remedy, whereby the contract is kept in tact and seeking damages for the tort of fraud can not seek exemplary damages can choose between the contract remedy of rescission and restitution or the tort remedy. plus request exemplary damages In the case of Wal-Noon v Norman, summarized in your textbook the court effectively held that there was an impled "condition precedent" of notice to the landlord before the landlord had a duty to pay for roof repairs. the court effectively held that there was an impled "condition subsequent" of notice to the landlord before the landlord had a duty to pay for roof repairs. the court effectively held that there was an impled "condition concurrent" of notice to the landlord before the landlord had a duty to pay for roof repairs. No answer text provided. To rescind a contract on the basis of a clerical or computational error, the error must be material the result of ordinary negligence discovered by the mistaken party and communicated to the non-mistaken party all the above

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

Introduction To Government And Not For Profit Accounting

Authors: Martin Ives, Laurence Johnson, Joseph R. Razek, Gordon A. Hosch

6th Edition

0132366355, 978-0132366359

More Books

Students also viewed these Accounting questions

Question

Explain the experimental method as used by clinical psychologists.

Answered: 1 week ago