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Levels Tought:
Elementary,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 385 Weeks Ago, 6 Days Ago |
| Questions Answered: | 20103 |
| Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Review Questions
1. Is an " agreement to agree " binding ? Explain your answer.
2. Explain the two types of contracts that result from the tendering process.
3. What are the 3 stages of a Contractual relationship ? Describe the legal situation of a minor in each stages.
4. Give 5 examples of contracts deemed by the courts to be against public policy, and describe the effect of such designation.
5. Describe the test the court will use in determining whether the parties had an intention to be bound when they made an agreement.
6. What factors that may affect the availability of remedy of recession ?
7. How will the courts respond to ambiguous wording in a contract ?
8. Describe the differences between a condition and a warranty. Why is the distinction significant ?
9. Define frustation . List 3 ways in which frustration can take place .
10. Distinguish between a deposit and a down payment. What significance of this distinction ?
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