Business Law
BUS 360 Assignment
Submitted by
Md. Anisul Islam, Id-1010025
01.
02. No, There is no quasi-contract here. Here is a contract of specific performance.
03. No, Klick-Lewis did not want to make a legal offer because it refused to give the car as prize & also neglected to remove the car & the sign before Cobaugh’s play in the tournament.
04.
05.
06. No, Madaio did not effectively accept the offer before McCarthy withdrew it. Because Madaio signed the contract but did not mailed or informed McCarthy before withdrawal.
07.
08. No, because the purchase price & the closing price . ” & Jessee charged 25 percent. Though he informed Smith but it cannot be enforceable by law.
09. Yes, Leitner’s proposal was supported by consideration because he was promised to pay 3,500 within next 5 years, but his son refused to pay the partners the amount agreed on.
10. When the common object of a contract can no longer be carried out, the court may declare the contract has been frustrated. There are some ways of frustration. The names are given below:
I. Destruction of an object,
II. Changes of law,
III. Failure of pre-conditions
IV. Death or personal incapacity
V. Outbreak of war.
Ex: a person contracted to deliver some raw materials to a party, but those raw materials were destroyed by natural disaster. So he failed to fulfill the contract, but he has no fault. So the court will hold that the contract has been frustrated.
11. Breach of contract occurs when a party repudiates his liability under the contract before the time for performance is due or when a party by his own act disables himself from performing the contract.
The consequence of breach of contract is given below:
When breach of contract occur the aggrieved party
I. Can treat the contract as discharged so that the party is no longer bound by any obligations under the contract,
II. Can immediately adopt the legal remedies available to him for breach of contract & also can suit a file for
Submitted by
Md. Anisul Islam, Id-1010025
01.
02. No, There is no quasi-contract here. Here is a contract of specific performance.
03. No, Klick-Lewis did not want to make a legal offer because it refused to give the car as prize & also neglected to remove the car & the sign before Cobaugh’s play in the tournament.
04.
05.
06. No, Madaio did not effectively accept the offer before McCarthy withdrew it. Because Madaio signed the contract but did not mailed or informed McCarthy before withdrawal.
07.
08. No, because the purchase price & the closing price . ” & Jessee charged 25 percent. Though he informed Smith but it cannot be enforceable by law.
09. Yes, Leitner’s proposal was supported by consideration because he was promised to pay 3,500 within next 5 years, but his son refused to pay the partners the amount agreed on.
10. When the common object of a contract can no longer be carried out, the court may declare the contract has been frustrated. There are some ways of frustration. The names are given below:
I. Destruction of an object,
II. Changes of law,
III. Failure of pre-conditions
IV. Death or personal incapacity
V. Outbreak of war.
Ex: a person contracted to deliver some raw materials to a party, but those raw materials were destroyed by natural disaster. So he failed to fulfill the contract, but he has no fault. So the court will hold that the contract has been frustrated.
11. Breach of contract occurs when a party repudiates his liability under the contract before the time for performance is due or when a party by his own act disables himself from performing the contract.
The consequence of breach of contract is given below:
When breach of contract occur the aggrieved party
I. Can treat the contract as discharged so that the party is no longer bound by any obligations under the contract,
II. Can immediately adopt the legal remedies available to him for breach of contract & also can suit a file for