Charlie’s friends as their willingness to make the entry fee payment of $5 for the party. Therefore‚ I consider an offer was established. Another issue to consider is whether the offer been accepted. In Masters v Cameron shows that acceptance must be final and unqualified assent to terms proposed by Offeror. Charlie has accepted the offer of providing a “ride” and BBQ to his friends. Therefore‚ I think the offer has been accepted. A contract was formed with offer and acceptance fulfilled. However‚ the
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conditional constitute consideration? Yes‚ such a promise consideration even if the condition is unlikely to occur. 3. What is the general rule about the adequacy of consideration? The adequacy of the consideration is irrelevant because the law does not prohibit bargains. 5. Is there consideration when a secured note for a lesser amount is given and accepted in discharge of an unsecured note for a greater amount? Explain. No‚ because if a secured not for a lesser amount is given and
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Web Quiz Assignment Name: Adamson‚ Law for Business and Personal Use‚ 17e‚ Xtra! Quiz‚ Chapter 6 Offers that require the offeree to accept by communicating the requested promise to the offeror are: a. unilateral contracts. 1. b. bilateral contracts. c. matching acceptance rule. d. mirror image contracts. When the current market price is not specified in a contract between merchants for the sale of goods‚ but the current market price is understood to be the basis of the contract‚ the price
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LAW/421 Final Exam – 2013 GRADE WAS 28/30 1) Which of the following does not result in a decision rendered by the hearing officer? B. Mediation 2) Jurisprudence is defined as C. the science and philosophy of law 3) The state of Kansas has enacted a new law requiring all commercial trucks driving on Kansas roads to have special mud flaps installed. These mud flaps have been proven to make driving in the rain significantly safer due to reduced mist created by trucks driving in the
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other law‚ or by order of the court. The maximum penalty is disbarment. 4- Under what circumstances should a lawyer terminate his representation of a client? If the representation will result in violation of the Georgia Rules of Professional Conduct or other law‚ the lawyer’s physical or mental condition materially impairs the lawyer’s ability to represent the client‚ or the lawyer is discharged. 5- What does it mean for a lawyer to act as an advisor? A lawyer may refer not only to law but to
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Chapter 8 Q&A 3. For a crime to be committed‚ the prosecutor must be able to prove a criminal intent and an overt act to carry out that intent. Jack and Mary agreed to rob a series of banks. Prior to beginning their bank robbery spree‚ they were arrested and charged with criminal conspiracy. What act did Jack and Mary do that justifies a finding that they committed the crime? Explain. As a general rule‚ crime involves combination of act and criminal intent. A crime is committed when it is
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likelihoods of product default. The seller sometimes may claim these warranties impliedly or expressly. They also may disclaim warranties or restrict buyers to a few requirements to qualify for a warranty. A warranty is a promise‚ arising by operation of law‚ that something that is sold will be merchantable and fit for the purpose for which it is sold. Express warranties: need to be communicated by words to the consumer by the seller. The seller can communicate the agreement in a written contract or
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Business Law & Bankruptcy Assignment #4 Aquaman is president of a marine research company called Underwater Leagues‚ Inc. When his company conceived a dramatic new invention‚ he held off announcing the discovery until he bought 50‚000 shares of Underwater Leagues at $10 per share. After the announcement‚ the share price skyrocketed to $50 per share. The shareholders of Underwater Leagues‚ Inc. bring a derivative action suit against Aquaman claiming breach of fiduciary duty for violating 17 C.F.R
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Business Entities‚ Laws‚ and Regulations Paper By: Edmond Akopyan BUS/415 December 15‚ 2010 Instructor: Mark Oertel Starting a business requires some research on licensing‚ state laws and regulations and finally getting things started. It also requires looking into the business entities‚ taking control‚ taxation‚ and of course taking liability issues into consideration. It is important for the business to be able to protect itself. In this paper‚ an extermination business
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Malia Thao Business Entities‚ Laws‚ and Regulations Paper Bus415 Shenia C. Kirkland‚ Esq May 17‚ 2011 Every business has rules and regulations that must be obeyed and respected. These laws are made up not to restrict business from running the way they want to but to keep equality and safety as a priority. In our modern age the safety and equality of all individuals are held as first priority and in order to protect everyone rules and regulations are made in order to ensure safety. Another
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