Question: Option - to - cancel clauses always render a contract illusory, because one party is not bound to the contract. True False

Option-to-cancel clauses always render a contract illusory, because one party is not bound to the contract.
True
False
Option-to-cancel clauses always render a contract illusory, because one party is

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:

legal environ. easy multiple choice thanks! TRUE / FALSE 1. The original offer is terminated by a counter offer. 2. A contract can be discharged if the government makes the subject matter illegal. 3....

Q:

TRUE / FALSE 1. The original offer is terminated by a counter offer. 2. A contract can be discharged if the government makes the subject matter illegal. 3. Compensatory damages usually include such...

Q:

Can any experts provide me the correct answers for these questions Care must be taken to ensure that the agent is responsible to the principal only for the end result of its activities, not for the...

Q:

pls write the correct ans only as soon as possible s/d/e/1FAIpQLSDX16C5h37D8lefcYr-ZTEENVqPwTwLw3y569786uCPOc56JQ/formResponse Lack of standardization in the past contribute to the...

Q:

01. A contract is a voluntary exchange of promises, creating obligation, which, if defaulted on, can be enforced, and remedied by the courts. To qualify as a valid contract, the agreement must meet...

Q:

A contract is a voluntary exchange of promises, creating obligation, which, if defaulted on, can be enforced, and remedied by the courts. To qualify as a valid contract, the agreement must meet...

Q:

Please help!!! 1. "Sure, I'll sell you my new Corvette for $500, even though it is worth $50,000" would be considered a valid offer. True or False 2. Advertisements are considered offers and are...

Q:

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Q:

9 . To create an agency a third party is required 1 0 . Family members or friends who enter into unwritten agreements with one another may have difficulty proving they intended the agreement to be...

Q:

Please following 5 cases do summary per each and organize your answer as a lawyer using IRAC (Issue; Rule; Application and Conclusion)? Dougherty v. Salt 125 N.E. 94(1919) Cardozo, J. The plaintiff,...

Q:

Which of the following statement is true? The total number of complex multiplications required to compute 4- point DFT of a discrete time sequence, x[n], by radix-2 FFT is 4 log, 4. The total number...

Q:

From the following prepare an account current, as sent by Avinash to Bhuvanesh on 31st March, 2018 by means of products method charging interest @ 5% per annum: Amount Date Particulars (Rs.) 1,800...

Q:

Do current assets need to equal current liabilities in the balance sheet?

Q:

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 ,...