Question: Which of these situations would make a contract voidable? 1. You agreed to sell the family farm because a developer threatened to buy the farm

Which of these situations would make a contract voidable?

1. You agreed to sell the family farm because a developer threatened to buy the farm next to yours if you didn't. 2. You carelessly agreed to enter into a contract because you were stressed out from work deadlines, family conflicts, and the fact that your mother was dying.

3. You agreed to a contract for security services because there had been break-ins in the neighbourhood and the security company's manager told you that your home might be next unless you did.

4. You agreed to pay a contractor an extra $500 beyond the original contract price because the contractor told you that unless you did, he would pull his workers and your store renovations would not be completed for your advertised grand opening date.

2. A business will generally be liable to third parties for the tortious actions of

1. independent contractors.

2. employees who have caused the tort on their own time.

3. both employees and independent contractors.

4. employees who have caused the tort in the normal course of their employment.

3. Which of these statements is FALSE?

1. A red adhesive wafer, or even writing the word "seal" next to a signature, is enough to satisfy the legal requirements for a valid seal.

2. Since signet rings and sealing wax are no longer commonly used in business, seals have ceased to have any legal significance at all.

3. The use of a seal on a legal document demonstrates an intention to be bound.

4. A seal is a legal device that can be used in place of consideration flowing directly to the person who has sealed a binding agreement.

As soon as possible please

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!