Business Law Narrative Essay

False, both parties are released from it 5. A request or invitation to negotiate is an offer. False, an offer is a promise to do or refrain from doing something 6. An acceptance can impose new conditions or change the terms of the original offer without rejecting it. False, the acceptance creates a legally binding contract 7. An e-contract must meet basic requirements that are different from those required of a paper contract. False, same requirements 8. An important rule to keep in mind is that the offered (the buyer) controls the acceptance and thus the resulting contract.
False, the offer (the seller) controls the offer 9. In contract law, the term consideration refers to the serious thought that underlies a party s intent to enter into a contract. False, consideration is the value (cash) given in return for a promise (bilateral) or performance (unilateral) 10. To be legally sufficient, consideration must be evidenced by something tangible. False, something of legally sufficient value 1 1 . The element of bargained-for exchange distinguishes contracts from gifts. True 12.
A promise to do what one already has a legal duty to does not constitute equally sufficient consideration. True 13. A contract entered into by a minor is avoidable at the option of either of the contracting parties. False, avoidable at the option of that minor 14. A person who has been determined by a court to be mentally competent cannot form a legally binding contract with another party. False, they can but they need a guardian appointed by court to them 1 5. A contract entered into by an intoxicated person is never valid. F-else, it can be either avoidable or valid 16. N certain circumstances, bargains are so oppressive that the courts relieve innocent parties of part or all of their duties. True 17. Every state has a statute that stipulates what types of contracts must be in writing. True 18. The writing requirement under the Statute of Frauds means that an agreement must be a formal written contract. False, it denies enforceability to certain contracts that do not comply with its writing requirements 19. A contract that prohibits its assignment cannot be assigned. True 20. Intended beneficiaries can sue to enforce a contract.

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

True multiple-choice questions 1. Cellophanes & Cellmate, Inc. , makes an offer to Dolores to enter into a interact to work as a salesperson for a certain base salary plus commission for ninety days subject to a one-year renewal based on her performance. Dolores accepts the offer. A valid contract requires a. B. A price and a subject. A duration and termination provision. An offer and an acceptance. D. Specific quality standards. 2. Joana tells Levi he will give him an Oxbow if Levi does Jonahs chores for a month. Levi promises to do the chores. Joana and Levi have formed a A. Bilateral contract. (Promise for promise) b. A formal contract. C. A unilateral contract d. No contract. 3. Following negotiations, Office Park, Inc. , enters into an informal contract with Quality Janitorial Company for custodial set-vices for Office Park’s buildings. This means that the parties’ contract requires no special form. Is freely open to either party’s interpretation. C. Is subject to change by either party, within reason. D. Is not yet completely formed. 4. Bilbo signs a lease agreement for an apartment with ACTA, who owns and manages the Deer Creek Apartments complex.

Fountain Essays
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Reviews

Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Reviews

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.