Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Chapter 13, Problem 9Q
Summary Introduction
Given situation:
This case is relating to the concept of violations of public policy. An agreement allowing an individual to commit a misdemeanour is an unlawful and unenforceable agreement. This sort of agreement is considered to go against public policy.
To discuss: The decision for person B.
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13) When husband and wife live together, the law implies that the wife is authorized to use her
husband's credit for necessaries suited to their style of living.
Based on the above situation, the husband is an agent and the wife is a principal.
a) True b) False
14) The person who gave assistance in agency relationship is known as agent.
a) True b) False
15) The governing law for contract of sales is Sale of Goods Act 1957.
a) True b) False
16) Goods means every kind of immovable property other than actionable claims and money.
a) True b) False
17) Faiz meets Farhan, a car dealer and tells him that he wants a car that can move 20km/liter
Farhan promotes one of the cars in the showroom and says that it suits the purpose. Faiz buys the
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The above situation is an example of breach of warranty.
a) True b) False
Textile Inc. sells goods to United Stores in exchange for a note signed by the buyer. Textile sells the note to Valley Finance Company. In this situation, transfer warranties arise because
a.
Valley has no knowledge of any bankruptcy proceedings against United.
b.
the signatures on the note were authentic and authorized.
c.
Textiles did not alter the note.
d.
the note was transferred for consideration.
Please provide Reaction to statement below:
William refrained from certain behaviors, as requested by his uncle, in exchange for a large sum of money. Since the executor of Story's estate refused to pay William, claiming that the contract lacked consideration, there is a theory of consideration that William can rely on. William can invoke the concept of forbearance, which he did by refraining from drinking liquor, using tobacco, swearing, and playing cards or billiards for money until he reached the age of 21. This act of forbearance on his part can be considered adequate consideration for the contract. In this case, even though refraining from liquor and tobacco has been beneficial for William's health, it can still be considered a legal detriment or forbearance for the contract. Considering the facts presented, William fulfilled his uncle's requirements, and Story acknowledged that William had fulfilled his part of the bargain. Based on this, there was valid consideration for the…
Chapter 13 Solutions
Smith and Roberson’s Business Law
Ch. 13 - Prob. 1COCh. 13 - Prob. 2COCh. 13 - Prob. 3COCh. 13 - Prob. 4COCh. 13 - Prob. 5COCh. 13 - Prob. 1QCh. 13 - Prob. 2QCh. 13 - Prob. 3QCh. 13 - Prob. 4QCh. 13 - Prob. 5Q
Ch. 13 - Prob. 6QCh. 13 - Prob. 7QCh. 13 - Prob. 8QCh. 13 - Prob. 9QCh. 13 - Prob. 10QCh. 13 - Prob. 12CPCh. 13 - Prob. 13CPCh. 13 - Prob. 14CPCh. 13 - Prob. 15CPCh. 13 - Prob. 16CPCh. 13 - Prob. 17CPCh. 13 - Prob. 18CPCh. 13 - Prob. 19CPCh. 13 - Prob. 20CPCh. 13 - Prob. 21CPCh. 13 - Prob. 22CPCh. 13 - Prob. 23CPCh. 13 - Prob. 1TSCh. 13 - Prob. 2TSCh. 13 - Prob. 3TS
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