Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Standard terms have evolved to describe the more common types of arrangements for shipment. The following Incoterm abbreviations, but one, standing for the following: 1.

Standard terms have evolved to describe the more common types of arrangements for shipment. The following Incoterm abbreviations, but one, standing for the following:

1.

CIF - cost, insurance and freight

2.

FOB - free on board

3.

EXW - ew works

4.

DDP - delivery didn't proceed

5.

FCL - full container load

What are some of the most important powers given to directors of a corporation?

1.

to issue shares

2.

to call meetings of shareholders

3.

to declare dividends.

4.

all of the above.

5.

to adopt bylaws

What are some of the most important powers given to directors of a corporation?

1.

to issue shares

2.

to call meetings of shareholders

3.

to declare dividends.

4.

all of the above.

5.

to adopt bylaws

There are two main classifications of interests in land. They are:

1.

Freehold estates and fee simple estates.

2.

Freehold estates and Leasehold estates.

3.

Freehold estates and Life estates.

4.

Fee simple estates and Leasehold estates.

5.

Life estates and Leasehold estates.

Yuri makes a gratuitous promise to Rav, fully intending to keep his promise. However, Yuri later finds it inconvenient to perform what he promised. Meanwhile, Rav has reasonably relied on Yuri's promise and has incurred expenses that he would not have otherwise incurred. What happens? Does Rav have any hope of relief?

1.

all of the above.

2.

The principle of equitable estoppel, where the court exercises its equitable jurisdiction to estop a promisor from claiming that he was not bound by his gratuitous promise where reliance on that promise caused injury to the promisee, may provide some relief.

3.

A lawsuit happens next - a gratuitous promise is a promise like any other promise and can be enforced.

4.

Yes, there is relief. Rav can sue Yuri for breach of contract under the strict rules of contract law.

5.

Yuri may rely on the principle of equitable estoppel to defend himself against Rav's lawsuit, on the basis that his promise was a gratuitous one.

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

Legal Environment Of Business Online Commerce Ethics And Global Issues

Authors: Henry R. Cheeseman

8th Edition

013397331X, 978-0133973310

More Books

Students also viewed these Law questions

Question

Why do companies hire mystery shoppers?

Answered: 1 week ago

Question

2. Find five metaphors for communication.

Answered: 1 week ago