Daniel, a property developer, is selling a house to Peter, who is 25 years old and intellectually impaired.  Houses of an equivalent size and quality in the area generally go for about half the price that Daniel has negotiated with Peter.     Peter has paid the deposit and waived the cooling off period under the contract.  Peter’s cousin, Jeremy, learns of the deal and is very concerned.  Jeremy is Peter’s legal guardian.  What can he do legally to help Peter? (Explain how those laws may be interpreted by existing common law and equitable rules and applied to property laws).

John works as an engineer for a technological company, and Maria works as a sales executive for a competitor business. Maria reminded John that her profession contains sensitive information, and she cautions him not to reveal anything he learns from her work to anyone. While attending a conference, John overheard two executives from Maria's company discussing a new product launch. He chooses to buy a modest amount of Maria's company's shares, intending to profit from the predicted increase in the company's stock price following the product launch. John double-checked his company's regulations to ensure that there was no conflict of interest or limitation on the purchase. However, as a result of unanticipated factors, the product introduction was delayed, and the stock price of Maria's company fell instead. Instead of the predicted profit, John's investment resulted in a loss. Question : In the view of conflict of interest of ethics in financial analysis, state the key points of the…

Eric and Susan just purchased their first home, which cost $140,000. They purchased a homeowner’s policy to insure the home for $130,000 and personal property for $80,000. They declined any coverage for additional living expenses. The deductible for the policy is $500. Soon after Eric and Susan moved into their new home, a strong windstorm caused damage to their roof. They reported the roof damage to be $19,500. While the roof was under repair, the couple had to live in a nearby hotel for three days. The hotel bill amounted to $420. Assuming the insurance company settles claims using the replacement value method, what amount will the insurance company pay for the damages to the roof?

Shawn buys 50 widgets at a store closing sale. He buys the widgets intending to use them around the house. He only uses 25, though, and decides to sell the remaining widgets online. Shawn lives in Colorado. He finds an individual buyer, Victoria, in Italy. Does the CISG apply if there is an issue with this contract? O No, because at least one party must be a merchant. Yes, because the contract does not state that the CISG does not apply. O Yes, because the CISG automatically applies when two signatory country parties enter into a contract. No, because the contract does not state that the CISG applies. O No, because these are two consumers.

Daryl agreed to build a new house for Riley at a cost of $325,000.  Riley is very particular when it comes to what she wants. Daryl constructed the house to Riley's specifications with one exception: the faucets and flooring in the upstairs bathroom were not exactly what Riley specified. This was a mistake on Daryl's part, but he did not intentionally fail to follow the specifications. When Riley saw the bathroom, she was extremely angry and began yelling and Daryl.  She told him that she would not pay Daryl anything for the house. It would take $500 to put in the correct faucets and flooring Riley originally requested. Daryl responded that he was willing to pay $500 to put Riley in the position she would have been in had the correct faucets and flooring been used, but that is all he is willing to pay. Which statement is true regarding the breach, if any, that occurred between Daryl and Riley? Group of answer choices Daryl committed an anticipatory breach of the contract. Daryl…

Daryl agreed to build a new house for Riley at a cost of $325,000. Riley is very particular when it comes to what she wants. Daryl constructed the house to Riley's specifications with one exception: the faucets and flooring in the upstairs bathroom were not exactly what Riley specified. This was a mistake on Daryl's part, but he did not intentionally fail to follow the specifications. When Riley saw the bathroom, she was extremely angry and began yelling and Daryl. She told him that she would not pay Daryl anything for the house. It would take $500 to put in the correct faucets and flooring Riley originally requested. Daryl responded that he was willing to pay $500 to put Riley in the position she would have been in had the correct faucets and flooring been used, but that is all he is willing to pay. Regarding the appropriate amount of damages, if any, which of the following statements is true regarding the effect Daryl's failure to meet his obligations under the building contract? O…

Sam owes Nick $200,000. Sam goes to Chase bank to take out a loan of $200,000 so he can pay off his debt to Nick. Chase agrees to make the loan but breaches its contract with Sam. Sam then defaults on his loan to Nick. Nick sues Chase bank because they breached their contract with Sam. What is the probable outcome of Nick’s suit against Chase?

Business contracts may contain exclusion clauses as a means of limiting or excluding liabilities. Explain what is meant by the term “exclusion clause” and how case law and statutes regulate the use of such clauses in business contracts.

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Iggy hires Joy to act as his agent to purchase Kup-a-Koffee Kompany. Iggy tells Joy to reveal only that she is buying the firm on behalf of a third party, without telling Kup-a-Koffee's seller who that third party is. Iggy is a disclosed principal an implied principal an undisclosed principal a partially disclosed principal Next