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Levels Tought:
Elementary,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 362 Weeks Ago, 4 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
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1. Â Is an " agreement to agree " binding ? Explain your answer.
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2. Explain the two types of contracts that result from the tendering process.
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3. What are the 3 stages of a Contractual relationship ? Describe the legal situation of a minor in each stages.
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4. Give 5 examples of contracts deemed by the courts to be against public policy, and describe the effect of such designation.
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5. Describe the test the court will use in determining whether the parties had an intention to be bound when they made an agreement.
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6. What factors that may affect the availability of remedy of recession ?
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7. How will the courts respond to ambiguous wording in a contract ?
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8. Describe the differences between a condition and a warranty. Why is the distinction significant ?
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9. Define frustation . List 3 ways in which frustration can take place .
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10. Distinguish between a deposit and a down payment. What significance of this distinction ?
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