Question: 4. True or false. A contract in writing would be valid and enforceable even if it is lacking in consideration. 5. True or false. Martin

4. True or false. A contract in writing would be valid and enforceable even if it is lacking in consideration.

5. True or false. Martin entered into a contract with Sally to purchase life insurance from Sally's company.The UCC would regulate this agreement.

6.True or false. Charles, who owned a large mansion, said to his gardener Mark, "I would like you to redesign the look of my backyard.If you can do this while I am away on vacation, I will pay you $20,000."

Mark did not say a word in response, but had everything completed by the time Charles returned from vacation.A valid and enforceable contract has been created.

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 Law Questions!

4. True or false. A contract in writing would be valid and enforceable even if it is lacking in consideration.

True or false. A contract in writing would be valid and enforceable even if it is lacking in consideration.

1. True or false. A contract in writing would be valid and enforceable even if it is lacking in consideration. 2. True or false. Martin entered into a contract with Sally to purchase life insurance...

You are the manager ofa local bagel shop in your community.During the day while you are working at the shop,a man wearing white overalls who has a bucket and a window cleaner tool in his hand,taps on...

1.Consequential damages are foreseeable damages that arise from a party's breach of a contract. a. True b. False 2.When a contract's writing is not clear, a court will not consider evidence outside...

I EXPECT COMPLETE AND QUALITY ANSWERS. DO NOT COPY AND PASTE A SOLUTION THAT IS ALREADY POSTED BY SOMEONE ELSE ON CHEGG. REFRAIN FROM ANSWERING IF YOU CANNOT FULFILL MY DEMAND, AND LEAVE IT FOR...

F Page 1: . , Question 11 (Mandatory) (1 point) ~/ Saved [9 1 2 . . 1 ~/ A statement of opinion cannot be used as a basis to establish fraud unless the opinion is QJ stated by a person claiming...

QUESTION 1 While Kendra was walking down the street, Tom intentionally hit her with a baseball bat, causing injury.For which of the following can Kendra sue Tom? A tort. A crime. Both a crime and a...

Select the correct answer False . Case law is made up of decisions handed down by the courts True Fabe alse rue 2. The Commonwealth Parliament is free ot make a law in whatever Tue area it chooses....

A gratuitous promise is a gift and is enforceable in a court of law because they are considered to have moral consideration even though someone makes a promise without requiring some benefit in...

To calculate return on assets (ROA), the numerator will includewhich of the following? a. net income plus taxexpense b. net income minus preferreddividends c. net income plus interestexpense d. net...

Here is a challenging problem Problem 3 - The American Cancer Society, a not for profit entity, had the following transactions; 1/1/20 Received a $50,000 donation for general operations, however the...

Hyatt Hotels has agreed to purchase Playa Resorts ( PLYA ) for $ 2 . 6 billion. Your assignment is: 1 . Review & Analyze why H is purchasing PLYA. 2 . Determine Pro Forma Income Statement and growth...

Anticipated Costs: Calculate per year. Mortgage payments per month. $3000.00 Yearly Depreciation on the building $7,000.00 Yearly Depreciation on the manufacturing equipment 3000.00 Management...

4. Suppose the supply of apples sharply increases because of perfect weather conditions throughout the growing season. Assuming no change in demand, explain the effect on the equilibrium price and...

8. last word Real (inflation-adjusted) tuition costs were nearly constant during the 1960s despite a huge increase in the number of college students as the very large Baby Boom generation came of...

1. Explain the law of demand. Why does a demand curve slope downward? How is a market demand curve derived from individual demand curves? LO3.2