Question
Whether a contract is bilateral or unilateral depends upon what response the offeror expects from the offeree. a. True b. False Which of the following
Whether a contract is bilateral or unilateral depends upon what response the offeror expects from the offeree. a. True b. False
Which of the following is a definition for consideration? a. Being cordial in the negotiation of contracts. b. Refraining from unethical behaviour in the negotiation of contracts. c. Being cordial and refraining from unethical behaviour in the negotiation of contracts. d. The bargained-for exchange
Which of the following consists of an offer by one party and an acceptance of terms by the other party? a. Legal object b. Agreement c. Alliance d. Concurrence
What is the significance of an assignment being "statutory" rather than merely an "equitable" assignment?
Explain the term: a. Void and Voidable contract b. Promissory estoppel and its importance
Short case: Hix v. Ewachniuk, 2010 BCCA 317 (CanLII) Mrs. Ewachniuk had a son and two daughters. In 2006 at the age of 90 she died leaving a $2 million estate. In 2004 she had changed her will and left everything to her son. He had once practiced law and drew up the will for her and had it executed. Prior to this she had left her estate to be divided equally between her three children. The two daughters brought this action challenging the will. What would be the basis of their argument and the likely outcome? Would your answer be any different with the knowledge that the son had been responsible for preserving the family fortune from serious tax problems back in the 1960, and it was this fortune that had supported Mrs. Ewachniuk and her deceased husband over the years? There was no evidence of anything happening in the years immediately prior to the changed will that would have given her a reason to change it.
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