Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 6 (1 point) Kordic returned from a business lunch in an intoxicated state and, while still under the influence, agreed to sell his

image text in transcribedimage text in transcribed

Question 6 (1 point) Kordic returned from a business lunch in an intoxicated state and, while still under the influence, agreed to sell his motorcycle to his cubicle mate for a price substantially lower than its market value. Which statement best describes Kordic's legal position should he later regret, and want to challenge, the transaction? The contract will be binding on Kordic because his reduced mental capacity was voluntarily self-induced. He must claim relief on the basis of undue influence. The contract may be voidable if his co-worker was aware Kordic lacked mental capacity. He must claim relief due to the effects of duress. Question 7 (1 point) Why would the law take a harsher view restrictive covenants in a purely employment context compared to those arising in the context of a sale of a business? Because the clauses are typically ambiguous. Because such clauses violate the Competition Act. Because there is typically a power balance in employment situations. Because such agreements offend human rights legislation Question 10 (1 point) Why are contracts that unduly interfere with the ability to earn a livelihood or reduce competition generally unenforceable in common law? They contravene the rules of goodwill contained in the Competition Act. They contravene the rules of fairness contained in the Consumer Protection Act. They are contrary to public policy. They cannot be enforced because they are contrary to equitable principles.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Question 6 The correct option is The contract may be voidable if his coworker was aware Kordic lacke... 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

Strategic management concepts

Authors: Fred david

13th Edition

9780136120988, 136120997, 136120989, 978-0136120995

More Books

Students also viewed these General Management questions