Question
Read the case study and watch the video to analyze the questions below; Richard is restoring an old jeep. It requires a special type of
Read the case study and watch the video to analyze the questions below;
Richard is restoring an old jeep. It requires a special type of shock-absorber to enable it to travel over rough ground. Richard phones Shocks Are Us. He says to Emma, the manager: "I need four shock absorbers which can be used for off-road driving" Emma consults a brochure published by the shock absorber manufacturer and "Says the D200 shock absorber can be used for off-road driving.". Richard then agrees to buy four D200 shock absorbers for $ 120 each. When he installs them on the jeep and takes it for a test drive over rough country, the shock absorbers give way and the jeep crashes down, causing $ 2 000 worth of damage to its body. It turns out that when Emma gave Richard the information over the phone, she had been looking at the wrong page of the brochure. Had she looked at the correct page, she would have seen that the D200 is not suitable for off-road driving.
Richard operates his business from a premises which he has leased from George for $ 5 000 per month since January 2016. The lease specifies that the rent is to be paid to George every six months and that it will increase every year by 10%. Richard pays George $ 30 000 in June 2016 and December 2016, but then tells George that he is having financial difficulties and needs every dollar he can to buy equipment. George says "OK, I will let you off paying the increase this year". Richard is pleased with this, and uses the money he would have had to spend on the rent increase to buy new tools. In June 2017, Richard pays $ 30 000 to George, but George contacts him demanding an additional $ 3 000. When Richard refers to their earlier conversation, George says "Whatever I said, the lease you signed specifies that the rent will go up by 10% each year".
1. https://www.6fundera.com/blog/357government-regulations-on-business
2. Which of the following statement is true?
3. Ordinarily, a minor's agreement is
4. An offer may lapse by
5. The threat to commit suicide amounts to
6. On the valid performance of the contractual obligations by the parties, the contract;
7. A contingent contract depend on the happening of the future uncertain event can be enforced when the event;
8. When the consent of a party is obtained by coercion undue influence, fraud or misrepresentation, the contract is;
9. A bleach of contract can be of
10. How many parties are there to a promissory note?
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