Question: 1 . What Constitutes a ContractSkip to questionWhat Constitutes a ContractManagers are frequently on the front lines when ambiguous preliminary agreements are involved and therefore

1 .

What Constitutes a ContractSkip to questionWhat Constitutes a ContractManagers are frequently on the front lines when ambiguous preliminary agreements are involved and therefore must have a relatively sophisticated knowledge of what constitutes a contract and what rules govern contracts. Your company would like to engage a web design and maintenance firm

. 1

.

You decide to have a working lunch...You decide to have a working lunch with the CEO of a web design firm. The CEO, during lunch, drank enough alcohol that he no longer understood what was going on around him. At the end of the lunch, the CEO gives you an offer with great terms to engage the design firm. Which of the following might the CEO argue, after he sobers up

,

that he does not want his firm to honor the contract.Multiple ChoiceThere was only an implied contactThere was no considerationThe CEO lacked capacityThere was no mutual assentThere was no legality of purpose

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!

1. What Constitutes a Contract What Constitutes a Contract Managers are frequently on the front lines when ambiguous preliminary agreements are involved and therefore must have a relatively...

in the previous question if CEO is succesful in an arguemnt Required information What Constitutes a Contract What Constitutes a Contract Managers are frequently on the front lines when ambiguous...

What Constitutes a Contract Managers are frequently on the front lines when ambiguous preliminary agreements are involved and therefore must have a relatively sophisticated knowledge of what...

Managers are frequently on the front lines when ambiguous preliminary agreements are involved and therefore must have a relatively sophisticated knowledge of what constitutes a contract and what...

Part 3 of 5 Capacity to contract Managers are frequently on the front lines when ambiguous preliminary agreements are involved and therefore must have a relatively sophisticated knowledge of what...

Required information 1. What Constitutes a Contract Skip to question What Constitutes a Contract Managers are frequently on the front lines when ambiguous preliminary agreements are involved and...

Solved Background: Managers are frequently on the front Chegg https: / / www . chegg.com questions - and - answers bac... 0 8 - Sept - 2 0 2 2 Managers are frequently on the front lines when...

It is becoming widely expected that interest rates will rise in the coming year. In recent weeks the 10 year US bond has risen from about 1.50% to 1.80%. Using the appendix for chapter 2 on Webster...

A golf ball is struck by a golf club and falls on a green eight feet above the tee. The potential energy of the Earth-ball system is greatest: A) just before the ball is struck B) just after the ball...

consider the following code snippet: class A public: class B: private Al O a. class B will inherit all the data members of class A and make them private access O b. class A will inherit all the data...

Trans Union Corporation issued 5 , 8 0 0 shares for $ 5 0 per share in its first year of operations, and it issued 1 0 , 8 0 0 shares for $ 3 7 per share in the following year. The year after that,...

Free cash flow valuation You are evaluating the potential purchase of a small business with no debt or preferred stock that is currently generating $ 4 2 , 7 0 0 of free cash flow ( F C F 0 = $ 4 2 ,...