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Please solve all of the questions. Type the number 1 if answer is TRUE. If FALSE leave it 0 (zero) Although a verbal contract may
Please solve all of the questions.
Type the number "1" if answer is TRUE. If FALSE leave it "0" (zero)
Although a verbal contract may be unenforceable because of the Statute of Frauds, it will not be treated as void: the courts will recognize its existence for certain purposes including agreements relating to ownership interests and leasehold interests in land. Misrepresentation is a concept in the contract law of England and some other Commonwealth countries, referring to a false statement of fact made by one party to another party, which has the effect of inducing that party into the contract. The contract can be rescinded. An innocent misrepresentation is a false assertion made by a party who does appreciate that the statement is false. Even if a contract is induced by means of intimidation (called "duress") it is not voidable. 34 35 Undue influence is similar to duress, but arises in less drastic circumstances. If contracting parties have clearly reached agreement but have recorded the provisions of the agreement inaccurately in a written contract, a "common mistake" has occurred, and one of the parties to the agreement can apply to the court for an order of rectifications. In Ron Engineering the Supreme Court of Canada, this case changed the law and established that an invitation to tender may itself be an offer to contract. In tendering, it is not uncommon for an owner who finds that none of the bids are within its budgeted price range to be tempted to try to negotiate a reduced price with one or more bidders, and this could not be found to be a breach of contract. In interpreting the contract the court may use a "liberal: or a "strict" approach. The latter focuses on the precise wording. Occasionally, the parties to a contract overlook the inclusion of an obvious term. However the courts may not give efficacy to an agreement through "implication of termsStep by Step Solution
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