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MBA, Ph.D in Management
Harvard university
Feb-1997 - Aug-2003
Professor
Strayer University
Jan-2007 - Present
Jun 28, 2017
Business Law homework 7
1. Why was the Statute of Frauds enacted?
2. Name two types of contracts that have to be in writing. 3. If the Statute of Frauds covers a contract, but the parties only have an oral
agreement, what are the consequences? 4. What are the consequences if only one party signs the written agreement? Is the
contract invalid? 5. Name 3 different methods of making a contract in writing.
6. Give an example of an illegal contract that will not be enforced.
7. Give an example of an illegal contract that will be enforced. What is the rationale
for enforcing the contract? 8. If only part of a contract is found to violate the law what happens to the rest of the
contract?
9. In the State of Washington, fireworks can only be sold to someone who has a
license to possess fireworks. Red Devil sold fireworks to Siddle. Red Devil knew
that Siddle did not have a license to possess fireworks. Siddle, refuses to pay for
the fireworks claiming the contract was illegal. You are the judge. Who wins and
why? 10. Joe works for a security services firm He had never worked in that industry
before. He agrees with his firm that when he leaves their employment he will never set up a competing service in the United States. Will this agreement be
upheld? If you were counsel to the security firm how would you have drafted the
agreement?
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