Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 37 1 pts Which of the following is a false statement? O Under a voidable contract, either one or both contract parties may be

image text in transcribed
image text in transcribed
Question 37 1 pts Which of the following is a false statement? O Under a voidable contract, either one or both contract parties may be able to legally disaffirm or avoid the contract. O Most creditor beneficiaries are only incidentally related to the original contract. O A duty to perform a contract may be discharged by the occurrence of a condition subsequent. O Generally, when a contract is breached, punitive damages are not recoverable, even if the breaching party intentionally breached the contract in order to secure a better deal elsewhere. 9:57 PM 10/11/2020 A Question 36 1 pts Which of the following is a true statement? o Contractual capacity is not needed for the principal in a principal-agent relationship One characteristic of independent contractors is that they can never also be agents and thus enter into contracts on behalf of a principal. O Even when an employee is an employee at-will, statements made in the employer's policy and procedure manual may give employees implied-in- fact contracts right that limit the circumstances under which the employer can discharge the employee. A power of attorney requires that the agent with the power be an attorney licensed by at least one state bar association as well as the federal bar association

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

Financial Accounting The Impact On Decision Makers An Alternative To Debits And Credits

Authors: Gary A. Porter, Curtis L. Norton

3rd Edition

0030335639, 978-0030335631

More Books

Students also viewed these Accounting questions

Question

Does your message present a conclusion?

Answered: 1 week ago