Business, 10.08.2021 01:00, jaxondbagley
Each Essay Question is worth 15 points. (3 points for the legal issue, 4 points for the correct rule of law, 5 points for correct/complete analysis, and 3 points for the correct conclusion
1. Able, a car dealer, sold a car to Carr. That car had a 180-day warranty stating that Able would repair any malfunction of that car within that 180-day period. The contract was a valid contract, with those terms in it. Able made a valid assignment to Baker of his contract to receive monthly purchase payments from Carr. After the assignment the car malfunctioned within that warranty period. Able had quit the auto business entirely and refused to repair the car. May Carr withhold payments from Baker to offset the cost of needed repairs? Do a complete legal analysis of this.
2. Business Law Professor enters into a contract with University of Phoenix to teach an online business law class to accounting majors. The contract is for the summer of 2019 and pays $10,000. Law Professor decides that he can find a practicing attorney to teach that class for $5000. Therefore, he subcontracts that class to Tom Reed. Phoenix finds out about the subcontract and refuses to let Reed teach the class. Reed sues Phoenix University for breach of contract. The contract does not restrict the right to have someone else teach the class and be paid for it. Will Reed win or lose?
3. Mother contracts with Lawyer to provide legal services for her son, who is being prosecuted for drug possession, and agrees to pay Lawyer a flat fee of $5,000. Mother tells Son about this arrangement and Son forgoes hiring another attorney. On the date of the first court appearance, Lawyer does not show up, and later calls Mother saying that he will not be performing the legal services unless Mother pays him an additional $10,000. Son sues Lawyer for breach of contract. Will son win that lawsuit and why? You must do a full legal analysis.
There are four m/c - t/f questions. Each is worth 3 points for a total of 12 points.
1. A statute of frauds will likely cover all of the following except:
a. I agree to sell you an empty lot.
b. ABC Mortgage Co. agrees to grant me a mortgage
c. You agree to sell me an apartment
d. I agree to let you pick tomatoes on my farm for the next three months.
2. Which of the following statements is not true?
a. If it's at all possible for the contract to be performed within one year, then the contract typically won't fall within a statute of frauds.
b. A statute of frauds won't apply unless performance can't take place within one year of the making of the contract.
c. A statute of frauds won't apply unless the terms of the contract specifically preclude performance within one year.
d. If a party already fully performed the contract, then a statute of frauds won't apply.
e. The one-year time period is measured from the date a party starts performance of the contract.
3. As a general rule, contract duties can be delegated.
a. True
b. False
4. Intended beneficiaries can sue to enforce a contract.
a. True
b. False
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 17:00, adrianbanuelos1999
Cooper sues company a in state court in south carolina, where he lives, for negligence alleging personal injury and property damage of $100,000 after a truck driven by an employee of company a rear-ended his pickup truck. company a is incorporated in delaware, has its headquarters in new york, but does a substantial amount of business in south carolina. claiming diversity of citizenship, company a seeks removal to federal district court, but cooper opposes the motion. which of the following is true regarding whether the case may be properly removed to federal district court? the amount in controversy satisfies diversity requirements; and if company a's nerve center is in a state other than south carolina, then the case may be properly removed to federal court. the amount in controversy satisfies diversity requirements; and because company a is incorporated and has its headquarters in a state other than south carolina, the case may be properly removed to federal court. because the amount in controversy satisfies diversity requirements and company a is incorporated in a state other than south carolina, the case may be properly removed to federal court regardless of where company a's headquarters, nerve center, or principal place of business is located. because the amount in controversy satisfies diversity requirements and company a is headquartered in a state other than south carolina, the case may be properly removed to federal court regardless of where company a is incorporated and regardless of the location of its nerve center. because the amount in controversy fails to satisfy jurisdictional requirements, regardless of the location of company a, the case may not be removed to federal court.
Answers: 1
Business, 22.06.2019 17:00, justyne2004
Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?
Answers: 1
Business, 22.06.2019 20:20, 24jgrove
John has served as the chief operating officer (coo) for business graphics, inc., a publicly owned firm, the past 5 years. which of the following statements about john is correct? both john and the ceo of business graphics must certify to the sec that the firm's financial statements are accurate. as the coo, john will be ranked higher than the ceo but still below the cfo. in john's postition as the coo, it is highly unlikely that he would also be the chairperson of the board of directors. as the coo, john would typically be involved with accounting, finance, and asset purchase decisions.
Answers: 2
Do you know the correct answer?
Each Essay Question is worth 15 points. (3 points for the legal issue, 4 points for the correct rule...
Questions in other subjects:
