Question: 1 3 . When an agent, in his capacity as agent, negotiates an agreement, a binding contract is created between a . Principal and Agent
When an agent, in his capacity as agent, negotiates an agreement, a binding contract is created between
a Principal and Agent
b Principal and Third Party
c Agent and Third Party
d Principal, Agent and Third Party
Regarding the distinction between terms and representations, which is correct?
a Statements of opinion are not usually representations b Where a seller represents something as true which is not true, the buyer can always
sue for breach of contract e What the parties subjectively intended will determine whether the statement is a
representation or a term
d The importance of a statement is irrelevant to whether it is a representation or a term
Which one of the following may result in a judge ordering that a contract is terminated due to frustration? a
An intervening change in circumstances making performance of the contract more difficult for the seller
b An intervening, but foreseeable, catastrophic event which delays the seller's performance of the contract
c An intervening and unforeseeable catastrophic event that makes performance of the contract by either party impossible
d A change in the relationship between the parties whereby one party complains that he can no longer work with the other party
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