site stats
  • ETH 321T Week 4 Apply Assignment

ETH 321T Week 4 Apply Assignment 

1.   Tanner has too much work to do to fulfill his contract obligations to Fin. He tells his employee Lil to take care of his duties instead. Determine the status of each person.

o     Tanner: Delegator; Lil: Delagatee; Fin: Obligee

o     Tanner: Obligee; Lil: Delagatee; Fin: Beneficiary

o     Tanner: Delagatee; Lil: Delegator; Fin: Obligee

o     Tanner: Beneficiary; Lil: Delagatee; Fin: Obligee

 

 

 

 

2.    What is the most likely status of the contract for the scenario?

Laura, a 17-year-old, signs a contract with her neighbor to buy a car through monthly payments. Laura loses her job the next week and can no longer make the payments. Laura’s contract with her neighbor is most likely:

o     Voidable

o     Enforceable

o     Void

 

 

 

 

3.    Read the scenario and determine what needs to take place based on the resolutions described in the text.

Sue has contracted with Rick to do a landscaping project on her property when she sells the whole property to Sylvia. Sylvia decides she will continue to have Rick do the landscaping project. The parties now need a(n) __________.

o     Substitution

o     Novation

o     Accord and satisfaction

o     Force majeure renovation

 

 

 

 

4.    Match the status/existence of a contract with the scenario.

Jackie makes a post on Facebook saying she promises to pay $20 to whoever will come pull weeds in her garden. The next day, a stranger pulls Jackie’s weeds and demands $20. Which of the following is most likely true?

o     Contract not created

o     Insufficient information to determine

o     Contract created

 

 

 

 

5.    Hannah has a contract dispute with Ralph over a sale of goods. Hannah wants to submit the contracts she has made with her other customers as evidence of her fair dealings. Which of the following is true?

o     Hannah cannot use other contracts to explain the terms of her contract with Ralph.

o     Hannah’s other contracts are valid evidence to help explain her contract with Ralph.

o     Hannah can use her other contracts to explain her contract with Ralph if they have already been completed.

o     Hannah cannot use other contracts to explain the terms of her contract with Ralph unless they show a consistent industry or trade practice that is also consistent with Ralph’s contract.

 

 

 

 

 

This is the only reason outside evidence would be allowed to explain Hannah’s terms with Ralph.

 

6.    Based on the details of the scenario, determine what will most likely occur.

Melinda has a contract to pay 13% interest on a personal loan for 5 years. She decides the rate is unfair and files a complaint in court.

o     Contract is valid

o     Contract is voided, subject to investigation

o     Contract will be modified

o     Contract is voided

 

 

 

 

7.    For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties.

Tyson gets his employees to sign an employment agreement which has extra contract obligations hidden in small, almost invisible type.

o     Guilty - Fraud in the execution

o     Not Guilty

o     Guilty - Undue influence

o     Guilty - Duress

 

 

 

 

8.    Read the scenario and determine what needs to take place based on the resolutions described in the text.

Penn contracts with Lisa to do a landscape architecture project on Lisa’s property. Before the contract starts, a local city ordinance is instituted which severely limits citizens’ ability to plant certain types and numbers of plants in order to conserve water. Penn and Lisa now need to institute a(n) __________.

o     Force majeure renovation

o     Substitution

o     Novation

o     Accord and satisfaction

 

 

 

 

9.    Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank.

When a breach of contract results in no tangible harm to a non-breaching party, it can receive __________  damages from the breaching party.

o     Punitive

o     Compensatory

o     Consequential

o     Nominal

 

 

 

 

10.   Which of the following would not qualify as valid consideration?

o     Bill rents an apartment from his landlord.

o     Marcy pays Jim a dollar for every bag of tin cans he picks up for recycling.

o     Laura buys $100 worth of clothes from Martha on credit.

o     Spencer and Linda sign a contract where Linda buys all her lumber from Spencer and Spencer sells as much lumber to Linda each week as he wants.

 

 

 

 

 

Linda’s consideration is her guarantee to buy only from Spencer. Spencer is not offering consideration since, under the terms of the agreement, he never has to sell if he doesn’t want to.

 

11.   For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties.

Rusty is a landlord over the apartment Pierre lives in. Pierre is unable to make rent payments, so Rusty makes Pierre do renovation labor on the apartments every day for 6 hours as payment instead. He also makes Pierre sign a contract that he will not move until he catches up to his late payments.

o     Guilty - Fraud in the execution

o     Not Guilty

o     Guilty - Undue influence

o     Guilty - Duress

 

 

 

 

12.   For the scenario, determine if the party is guilty and what is "at play" related to agreement between parties.

Lucy agrees over the phone with Daryl to sell him “the pretty necklace in the window” in Lucy’s pawn shop. Lucy sends Daryl the wrong necklace from a different window.

o     Guilty - Duress

o     Guilty - Fraud in the execution

o     Not Guilty

o     Guilty - Undue influence

 

 

 

 

13.   Based on the details of the scenario, determine what will most likely occur.

Lincoln has been taking advantage of Benson through an unfair contract for several years. Eventually, Benson seeks relief and legal freedom from his contract.

o     Contract will be modified

o     Contract is voided, subject to investigation

o     Contract is voided

o     Contract is valid

 

 

 

 

14.   Demonstrate your knowledge of the different types of remedy for breached contracts by filling in the blank.

A party can receive __________ damages to restore itself to the position it would have been in if a breach had not occurred.

o     Consequential

o     Nominal

o     Compensatory

o     Punitive

 

 

 

 

 

15.   Examine the scenarios to determine the protected status, unprotected status, existence, or non-existence of a trade secret.

Orlando works for a manufacturing company in its research and development division. After years of research and testing, Orlando finally discovers the secret to a competitor’s efficient manufacturing process.

o     Trade secret exists

o     Answer dependent on additional details not provided

o     Trade secret does not exist

o     Trade secret is protected

o     Trade secret may be used by others

 

 

 

 

16.   Based on the scenario, what is the classification of the tenancy?

Alec pays Travis to rent office space for one year, after which he will move out. Alec’s tenancy is best described as:

o     Periodic tenancy

o     Tenancy at sufferance

o     Tenancy for years

o     Tenancy at will

 

 

 

ETH 321T Week 4 Apply Assignment

  • Product Code: Tutorial
  • Availability: In Stock
  • $10.00


Tags: ETH 321