the common remedies that a party to a contract may claim under the law of contract. Various remedies exist in contract law. These include: Damages Damages in contract law are a legal remedy available for breach of contract. Damages are an award of money to compensate the innocent party. The primary purpose of damages in contract law is to place the injured party in the position they would have been in had the contract been performed. Parties to a contract may legitimately agree the amount of
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There are four main elements that must be in a contract to deem it valid. The first of which is an offer. The offer is the initial start to any interaction from one or more parties intending to enter into a contract. An offer is defined as‚ the price at which an individual is willing to sell a security or commodity. This is the opposite of bid‚ which is the price at which an individual is willing to buy a security. An offer is the same as an Ask. The person to make the offer or have something
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dictionary can either be an English dictionary or a dictionary between English and your first language. There will be 25 questions on the exam. The chapters on the test are 1‚ 3‚ 4‚ and 7. As we spent a lot of time on Ch. 7‚ there is an emphasis on contract. There is also an emphasis on procedure‚ which we studied in Ch. 4. There is less emphasis on Ch. 1 and 3‚ although there are questions about every chapter. The following information summarizes what you have to know for the exam. While it gives
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1. Tia signs a lease that states that any change in the zoning law that affects the lease will cause its termination. Union City’s zoning board adopts a new zoning classification that affects the lease. This adoption satisfies: a. no condition. b. the condition precedent. c. the concurrent condition. d. the condition subsequent. 2. Bayside Construction Company enters into a contract with Clio to remodel Dewey’s Home Store‚ using products from Eagle Building Supplies. Fresh Food Café is next
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context of contract law‚ it means something along the lines of "reasonable value of services". In the United States‚ the elements of quantum meruit are determined by state common law. For example‚ to state a claim for unjust enrichment in New York‚ a plaintiff must allege that (1) defendant was enriched; (2) the enrichment was at plaintiff’s expense; and (3) the circumstances were such that equity and good conscience require defendants to make restitution. Situations[edit] Contract law Part of
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Affirmative defense of duress in this case which I will be explaining is with fictional names and examples. Allison and her daughter are on a road trip‚ they are on their way to visit some family up North for the weekend. Allison and her daughter stop in a small town of an exit to get some gas and a few snacks. Once inside to pay‚ a man and a woman enter behind them‚ while standing in line the man grabs Allison from behind holds her at gunpoint and tells her to open the cash register drawer. In
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to Jenny is not binding. Advise Jenny as to whether she has any cause of action against her father. This case pertains whether a clear promise was demonstrated to form a legal contract between Jenny and her father to determine whether Jenny has any cause of action against her father. According to the contracts act 1950‚ section 2(d)‚ when at the desire of the promisor‚ the promise or any other person has done or abstained from doing‚ or does or abstains from doing‚ or promises to do or to
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significant theme in the Australian law of contract. Liberal theories‚ which locate freedom of contract as central‚ have been tempered by an increasing emphasis on justice and conscionable conduct in contractual relations. Virginia courts have defined an unconscionable contract to be "one that no man in his senses and not under a delusion would make‚ on the one hand‚ and as no fair man would accept‚ on the other." In other words‚ the inequality present in the contract must be so gross as to "shock the
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Class Contract Please answer the following questions by referring to your Syllabus. Submit your answers in a Word or PDF document and upload your answers in D2L in the Class Contract Assignment . 1. What is the official title of this course? Who is your instructor? Legal and Ethical Environment of Business Cristen Dutcher‚ J.D.‚ 2. Is this an online course‚ or a face to face course? The course is online and face-to-face 3. Weekly assignments are mandatory. YES or NO
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assignment asks whether or not the rule generated in the case of Williams v Roffey Bros & Nicholls (contractors) Ltd [1991] 1 Q.B. should be applied to all cases involving part – payment of debt. The question also requires the analysis of the law in relation to whether pre-existing contractual duty can amount to good consideration. In order to answer the question fully‚ it will be necessary to look at two areas of consideration in particular: part payment of a debt and performance of existing
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