Question: a) Explain what is meant by classifying a contract as unenforceable and the consequences of this classification for the parties to the contract. b) Identify

a) Explain what is meant by classifying a contract as unenforceable and the consequences of this classification for the parties to the contract.

b) Identify two of the six elements necessary for a valid contract that would be missing in order for a contract to be classified as unenforceable.

( Both New Zealand )

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!

Q:

a) Briefly explain what is meant by classifying a contract as void and the consequences of this classification for the parties to the contract. b) Identify two of the six elements, necessary for a...

Q:

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

Q:

National Business Institute of Australia 20 Clark Rd. Ivanhoe Victoria 3079 www.nbi.com.au 03 9499 7872 FNSORG601A Negotiate to achieve goals and manage disputes Student Workbook melbourne . sydney ....

Q:

Section I.TRUE/FALSE . ( Max. 20 Points ) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False.Each correct response is worth two (2) points....

Q:

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

Q:

BUSINESS LAW I FINAL EXAMINATION/FALL 2021 Section I.TRUE/FALSE . ( Max. 20 Points ) For each of the following statements, indicate (with a "T" or "F") whether the statement is True or False.Each...

Q:

is as follows: 1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s)...

Q:

This is a question I am working on however am stuck on it. I have attached the "referenced" chapters to help understand the question if needed. Thanks for any help. 1) The prosecution of a crime by...

Q:

In regards to the following law case : KEVIN ROONEY, PLAINTIFF,v.MICHAEL GERARD TYSON, DEFENDANT. 91 N.Y.2d 685, 697 N.E.2d 571, 674 N.Y.S.2d 616 (1998). June 4, 1998 USCOA,2 No. 76 [98 NY Int. 0060]...

Q:

3 The Formation of Sales and Lease Contracts In regard to the formation of sales and lease contracts, the UCC modifies the common law in several ways. We look here at how Articles 2 and 2A of the UCC...

Q:

Three 2 V cells are connected in series and used as a battery in a circuit. (a) What is the p.d. at the terminals of the battery ? (b) How many joules of electrical energy does 1 C gain on passing...

Q:

The T-accounts below summarize the ledger of Padre Landscaping Company at the end of the first month of operations. Instructions (a) Prepare the complete general journal (including explanations) from...

Q:

3. Calculating EFN (LO2) The most recent financial statements for Marpole Inc. are shown here (assuming no income taxes): Assets and costs are proportional to sales. Debt and equity are not. No...

Q:

In 2019, Miranda records net earnings from self-employment of $154,100. She reports no other gross income. Determine the amount of Miranda's self-employment tax and her for AGI income tax deduction....