Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q1:A minor can ratify a contract and thus make it enforceable. Group of answer choices a.True b.False Q2:If a person was sufficiently intoxicated to lack

Q1:A minor can ratify a contract and thus make it enforceable.

Group of answer choices

a.True

b.False

Q2:If a person was sufficiently intoxicated to lack mental capacity, his or her contracts are void.

Group of answer choices

a..True

b.False

Q3:A disparity of bargaining power between the parties to a contract may result in unfair terms but a court is not likely to consider the contract unconscionable.

Group of answer choices

a.True

b.False

Q4:A covenant not to compete

Group of answer choices

a.is usurious.

b.protects the public from unauthorized practitioners of certain professions.

c.is a promise to refrain from competing in business with another.

d.protects the public against actions that threaten the general welfare.

Q5: If a contractors bid was significantly low because he or she made a mistake in adding up the total estimated costs, any contract resulting from the bid is still normally enforceable.

Group of answer choices

True

False

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_2

Step: 3

blur-text-image_3

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

Building Financial Models

Authors: John Tjia

2nd Edition

0071608893, 978-0071608893

More Books

Students also viewed these Finance questions

Question

Q.No.1 Explain Large scale map ? Q.No.2 Explain small scale map ?

Answered: 1 week ago

Question

Develop clear policy statements.

Answered: 1 week ago

Question

Draft a business plan.

Answered: 1 week ago

Question

Describe the guidelines for appropriate use of the direct plan.

Answered: 1 week ago