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Question
Joyce contracted with Mega Drug Corporation to buy vitamins on behalf of Howard, a personal trainer. Howard told Joyce to use her own name and not to disclose to Mega that she was working for Howard. If Joyce signs the contract in her own name only and Howard won't honor it:A.Joyce can't be sued because she's only an agent.
B.Joyce is liable but may sue Howard based on indemnification.
C.Joyce is liable but may sue Howard based on failure of loyalty.
D.Howard has no liability to anyone since his name was never disclosed.
Answer
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Related questions
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Which of the following involves a third party substitution?
A.novation
B.accord and satisfaction
C.substitute agreement/modification
D.rescission
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In Mobil Oil Exploration & Producing Southeast, Inc. v. United States:
A.Mobil was able to get out of the contract for the $156 million lease because the new law passed at the last minute changed the terms of the original contract amounting to repudiation by the United States.
B.Mobil was able to get out of the contract for the $156 million lease because the new law passed at the last minute changed the terms of the contract, barring certain types of oil exploration, frustrating Mobil's contractual purpose.
C.Mobil could not claim an anticipatory repudiation because even though as new law had been passed, they had not yet filed their oil excavation plan so they could not know whether they were facing a problem.
D.Mobil could not claim an anticipatory repudiation because even though as new law had been passed, it did not substantially change the terms of the original contract.
Q:
Each of the following is a discharge by mutual consent except:
A.accord and satisfaction.
B.novation.
C.rescission.
D.frustration of purpose.
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When an assignment is made, the assignee has the right to reform the contract and change the obligor's rights and duties as they wish.
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Why is it so important that the law of contracts be so ordered and strong with regard particularly to the business world?
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Q:
In Lucy v. Zehmer, the two parties were drinking in a bar when Lucy offers to buy Zehmer's farm. After some negotiation a written contract was executed. Zehmer claimed that the whole episode was only a joke and he never intended to sell the farm. The court determined that:
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Q:
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A.Promises made as a part of a prenuptial agreement.
B.An agreement to sell of a car for $1,500.
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Q:
A professor tells a student that if she writes a 5,000 word paper on the evils of plagiarism by May 13th, he will pay the student $750.00.
A.the offer is for a unilateral contract
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C.this contract is only enforceable if it's in writing
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B.this was a bilateral contract
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A.promissory estoppel only applies if Edmund was very rich because $1M is a lot of money
B.promissory estoppel applies whether Edmund was rich or not
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D.promissory estoppel does not apply because Mary must announce that she accepts his offer for it to create an obligation to pay
Q:
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