Describe Express and implied contracts. What does it mean when a contract is called void and voidable?

Q: Every transaction in business creates a contract (agreement) between the parties. To determine…

A: A contract is an arrangement that establishes a legal obligation or liability between two or more…

Q: Emilio's Italian Restaurant enters into a contract with Vino winery wherein Emilio's agrees to…

A: (A) This is the incorrect choice. The omission of a precise number word does not automatically…

Q: Define the term contract and list all the essentials of a valid contract.

A: Definition. An understanding between private gatherings making shared commitments enforceable by…

Q: 1. Identify and explain three differences between UCC Contracts and Common Law Contracts.  2. What…

A: Detailed explanation: Answer 1.  Differences between UCC Contracts and Common Law Contracts a. Scope…

Q: What is meant by ‘Assignment of contracts’ under the Contract Act, 1872? State any four rules…

A: Indian Contract Act 1872: The Indian Contract Act, 1872 defines the term “Contract” under its…

Q: what is the importance of contracting in a business? Identify the three main elements necessary in…

A: Contract is a binding agreement between two or more parties who sign it.

Q: The UCC often creates contractual liability in situations where no contract would have resulted at…

A: The Uniform Commercial Code (UCC) is a set of laws in the United States that govern commercial…

Q: Cherie is a keen squash player.  She books one of the local Council’s courts for an hour and pays…

A: In this scenario, Cherie, an avid squash player, books a squash court from the local Council for an…

Q: Under what circumstances will the common law recognize and enforce oral contracts for the sale or…

A: Contracts, which are agreements between parties that establish legally binding obligations, are the…

Q: Discuss the elements that must be present to establish an implied contract.

A: The concept of an implied contract refers to a legally binding agreement between two parties that is…

Q: Think about situations where a contract would be void and a contract would be voidable

A: Introduction: A voidable contract happens when one of the elaborate gatherings could never have…

Q: Explain the concept of a void contract in easy terms.

A: An agreement between parties that establishes legally enforceable duties for both parties is called…

Q: A contract forms when one person makes an offer, and another person accepts it by communicating…

A: The Concept of an OfferAn offer is a clear, unequivocal statement of the terms on which the offeror…

Q: According to the CISG, when a contract is for sale of goods by description, a slight breach may be…

A: With globalization and increased use of internet transactions between sellers and buyers residing in…

Q: What is the effect of variation of terms of the principal contract on a contract of guarantee?

A: A contract of guarantee is a legal agreement where one party, called the guarantor, agrees to take…

Q: Suppose Suzanne offered to sell you her boat on Wednesday for $2,000 and gives you until Friday at 9…

A: Breach of a contract is a situation when any party to the contract demonstrates a failure to fulfill…

Q: What is the Statute of Frauds and to what type of agreements does it apply?

A: The Statute of Frauds is a legal principle that originated in English common law and has been widely…

Q: Prepare a chart consisting legal rules for constituting a valid contract? with suitable examples?

A: A specific contract is termed as a valid contract when it satisfies the standards for being upheld…

Q: Define the term "unconscionable" and describe the effect of an unconscionable contract.

A: Unconscionable:                 Unconscionable defines that unusually harsh and shocking to the…

Q: Is there provision for payment of interest on delayed gratuity and what penalties exist for…

A: The Gratuity Act, officially known as the Payment of Gratuity Act, 1972, is a social security…

Q: What constitute misrepresentation and mistakes under the Law of Contract?

A: The Law of Contract governs the formation, interpretation, and enforcement of agreements between…

Q: A contract may be discharged by several ways. Discuss the ways and give your view on each of the way…

A: Discharge of a Contract The term discharge of a contract means the termination of the contract. A…

Q: Express and imply terms of contract

A: The term contracts refer to those type of documents that are legally binding among all the involved…

Q: An intoxicated person who enters into a contract without appreciating the rights and duties which…

A: Contract defines a mutual agreement which states about a promise which both parties have agreed to…

Q: Discuss the legal considerations and potential challenges in drafting and negotiating commercial…

A: Drafting and negotiating commercial contracts is a complex process that requires careful attention…

Q: Discuss the legal requirements for creating a valid and enforceable contract, including the elements…

A: Contract refers to an agreement between two parties that creates an legal obligation for both the…

Q: Contract law “The purpose of contract law is to give effect to the reasonable expectations of the…

A: Contract law functions as the basis for a variety of transactions and interactions, from business to…

Q: True or False If a contract is fully performed by all parties to it, then it is presumed to have…

A: A legally enforceable agreement that specifies the terms and circumstances of a relationship between…

Q: what does it mean to terminate a contract by operation of law? Death of seller and broker?…

A: A contract is a link constructed with integrity and enchantment that acts as a sign of confidence in…

Q: How can a party to a contract be discharged from performance, and what are the legal implications?

A: Discharge from performance in a contract refers to the release of obligations that were previously…