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What must an insane or drunk person establish to escape liability under a contract? Explain what care businesspeople must exercise when entering into contracts with

  1. What must an insane or drunk person establish to escape liability under a contract?
  2. Explain what care businesspeople must exercise when entering into contracts with government corporations or bodies.
  3. Explain four other situations where businesspeople must be careful that those they deal with have the capacity to contract.
  4. Explain the difference between a contract that is performed illegally and an illegal contract.
  5. What decisions can a court make if performance of a contract violates a regulatory statute?
  6. What are the two reasons that can cause contracts to be illegal?
  7. How has the law regarding the judicial treatment of illegal contracts changed?
  8. Give five examples of contracts deemed by the courts to be against public policy, and describe the effect of such a designation.
  9. All contracts that restrain trade are illegal. True or false? Explain your answer.
  10. Describe the test the court will use in determining whether the parties had an intention to be bound when they made an agreement.
  11. With respect to the element of intention, explain how the courts treatment of domestic agreements differs from their treatment of commercial transactions.
  12. How will a court determine if there was contractual intention when there is a dispute between a brother and sister over how to operate their business?
  13. What is the significance of a written document in contractual relations?
  14. Explain why some people have suggested that theStatute of Fraudshas led to more frauds than it has prevented.
  15. Give examples of the types of contracts currently included under theStatute of Frauds.
  16. What evidence in writing is required to satisfy the requirements of theStatute of Frauds?
  17. A contract that does not satisfy theStatute of Fraudsis void. True or false? Explain your answer.
  18. Will a contract formed online with electronic signatures be enforced by the courts? Why or why not?
  19. Under what circumstances will a contract falling under the jurisdiction of theStatute of Fraudsbe enforceable even though it is not evidenced by writing?

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