Impossibility Study guides, Class notes & Summaries

what is strict performance? - recquires one party to fufill obligation and there is no deviation from the contract; obligation must be expressly demanded within the contract & the demand must be reasonable what is substantial performance? - 1 party fulfills enough of the contract to obtain a warrant of payment what results from a failed substantial performance? - the party that fails to perform will receive nothing in the contract itself & will recover only the value of the work (if any) ...

Well-structured PVL3702 Assignment 2 (ANSWERS) Semester 1 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!). .... Question 1 Answer saved Marked out of 1.00 Flag question Question text Gary points a loaded gun at Pete, and orders him to sign a written contract. Gary explains that the document is for the sale of Pete’s car to him (Gary), at a price of R50 000 which is far below the market value of the car. Pete, fearing for his life, signs the document. Which cause of ...

1. Conglomerate Corporation owns a little more than half the stock of Giant Company. Conglomerate's stock, in turn, is public, available on the public stock exchange, as is the remainder of the stock in Giant Company. The president of Conglomerate Corporation has asked Attorney Stevenson to represent Giant Company in a deal by which Giant would make a proposed transfer of certain real property to Conglomerate Corporation. The property in question is unusual because it contains an underground pa...

Arguments for legalization of illicit drugs (5) - correct answer -1. Successful seizure of drugs increases the incentive to deal 2. Crime reduction 3. Free up the prison system 4. Impossibility of enforcement 5. Cost of enforcement Arguments against legalization of illicit drugs (5) - correct answer -1. Use will increase 2. crime under the influence will increase 3. more workplace issues 4. easier access for children 5. drug court is helpful for facilitating addicts and they cannot do...

policy - Answer-the intentional course of action or inaction taken to deal with a problem public policy - Answer-policy made by government officials, such as legislators, governors, agency directors and judges, that commits the government to a course of (in)action goal of public policy - Answer-value creation or loss prevention + the enhancement of either US Constitution preamble - Answer-"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure ...

When a contract contains all of the essential elements that make it legally sufficient or enforceable and is binding in a court of law, it is - The answer is valid. A valid contract meets all of the required essential elements (i.e., offer and acceptance, consideration, legal purpose, consent, and legal capacity). A valid legal contract must have - legally competent parties. The parties must be of legal age and have enough mental capacity to understand the nature or consequences of their act...

Arguments for legalization of illicit drugs (5) - correct answer -1. Successful seizure of drugs increases the incentive to deal 2. Crime reduction 3. Free up the prison system 4. Impossibility of enforcement 5. Cost of enforcement Arguments against legalization of illicit drugs (5) - correct answer -1. Use will increase 2. crime under the influence will increase 3. more workplace issues 4. easier access for children 5. drug court is helpful for facilitating addicts and they cannot do...

Texas Real Estate Brokerage SAE Exam Questions with Complete Solutions| Verified & Updated The strengths, weaknesses, opportunities, and threats facing a business - Answer ️️ -What is a SWOT analysis useful for determining? You and your staff - Answer ️️ -Who has the best information about your firm's operations to assist in writing your disaster recovery plan? The number of licensees to use - Answer ️️ -Which of the following is one of the key decisions a brokerage makes whe...

The _________________ establishes a deadline by which a party must sue to enforce a contract - Statute of limitations Under the common law of contracts, a party is entitled to payment if the party substantially performs the contract. The elements of substantial performance are 1) the party performed in good faith, 2) the performance must not vary greatly from the promised performance, and 3) ____________. - the performance creates substantially the same benefit as the contractually promised...

How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? - ANSWER Writ of execution. A major difference between freehold and nonfreehold estates is that all freehold estates _________. - ANSWER are of indeterminable duration. The economic characteristics of land are - ANSWER Scarcity, location, and durability. At the time of harvest, crops that require annual planting are generally considered to be - ANSWER Personal Property. A legal easemen...