Question: 1. Jet, a general contractor, is awarded a contract by the County for a large development project. As a part of the bidding process, Jet

1. Jet, a general contractor, is awarded a contract by the County for a large development project. As a part of the bidding process, Jet had invited bids from a variety of licensed tradespeople, including Jo, an electrician. When Jet contracts with Jo to perform electrician services for Jet, Jet has:

a. assigned the performance of certain parts of Jet's contract to Jo.

b. entered into a voidable agreement with Jo.

c. entered into a novation with Jo.

d. delegated the performance of certain parts of Jet's contract to Jo.

2. Mike and Lola enter into a written agreement for the sale of some land in Broward County. Both assumed that the land could be developed into a shopping center. If both were mistaken about this assumption, which, if any, of the following are true about the agreement?

a. The agreement is voidable by Mike as the seller, but not by Lola as the buyer.

b. The agreement can be rescinded on the grounds of mutual mistake.

c. Mike is still obligated to sell the land to Lola because a deal is a deal.

d. Lola must still go through with the purchase but can just pay Mike less

e. None of these are true

3. MS Ent decides to improve its hip hop area by hosting a contest, with the top prize of $20,000 plus 5 year of training in MS Ent. MS Ent advertises the contest to all people nationally with a Instagram message that reads Rap Battle October 10th. $20,000 to Best Rapper. Enter Contest Now" (Click the link below to register).

The contest reaches 1,000,000 registrations in 2 months. After auditions, MS Ent narrows down the contestant list to 100 entrants, who are qualified to enter the offical competition. However, MS Ent decides to cancel the contest on October 10th and refuses to pay the prize to anyone.

Is MS Ent under any obligation to the contestants?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!