Question: True or False 5.______ A current employees contract provides that they may be fired if they fail a drug test, during their employment. This is

True or False

5.______ A current employees contract provides that they may be fired if they fail a drug test, during their employment. This is an example of a Condition Precedent. 6.______ In all lawsuits for breach of contract, the non-breaching party (plaintiff) has an affirmative duty to make a reasonable attempt to mitigate his/her damages. 7.______ April placed an ad in the paper to sell her car for $2,500. Simultaneously, six people responded to the ad by Email with formal acceptances. April is now obligated to sell a car to every one of the six people. 8.______ The intent to enter into a contract is judged by the objective, (reasonable person) standard, and not by the subjective intent of the parties.

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!

BUS 136-300 CONTRACTS EXAM #3 Chs: 10-15 DUE: July 25, 2022 True or False ( 2 points each / 30 total ) 1.______ If one of the parties was a Minor at the time the contract was made, the contract may...

DUE: July 25, 2022 True or False ( 2 points each / 30 total ) 1.______ If one of the parties was a Minor at the time the contract was made, the contract may be Rescinded by the Minor. 2.______...

1. Mr., Edwards, a former policeman, was hired to do investigations for the stock exchange When it was found out that Edwards had cheated on the examination required by the stock exchange. he was...

The scribes of ancient Egypt were the forerunners of today's accountants. a. True b. False Possible Exam 1 Questions Chapter 1: 3. The scribes of ancient Egypt were the forerunners of today's...

104.Does a minor not liable for torts such as negligence, assault, defamation, or deceit? A. True B. False 105.M sells goods to a rogue, R. R did not gain the title of the goods. R appears to resell...

1. A contract never can be both executory and unilateral. a. True b. False 2. An acceptance must be absolute and unconditional. a. True b. False 3. An offer is effective only if it is communicated by...

Would like your help. Need help with study guides. Thanks. FINANCIAL AND MANAGERIAL ACCOUNTING - Fifth Edition E22-32 Requirements 1. Prepare a budgeted income statement with columns for 1,300 units,...

1. The inventory data for an item for November are: Nov 1 Inventory 25 units at $20 Nov 10 Purchased 30 units at $21 Nov 30 Purchased 10 units at $22 Nov 30 Sold 35 units Using the first-in,...

Question 1 [4 points) Is the following statement true or false? Ethics have nothing to do with information systems. If} True Iii:1 False Question 2 [4 points) Is the following statement true or...

Q1. 'Market,' as used in the phrase 'lower of cost or market' for valuing inventory, refers to the price at which the inventory is being offered for sale by its owner. a. true b. false Q2. The party...

The seller buys a NNN industrial park for $12,000,000, with improvements valued at 69%. He had a loan of $1,500,000 on the downleg and all costs of sale, aside from commission, were .65%. The loan...

The construction of the t-statistic for a one- and two-sided hypothesis: A. depends on the critical value from the appropriate distribution: is different since the critical value must be .645 for the...

Here is the capital structure of Microsoft. What part of the $ 1 1 7 . 6 7 share price ( to the nearest dollar ) is ropresented by cash? $ 1 - 5 2 1 $ 1 7

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...