chapter 8 Contracts - You are editing your previous...

Info icon This preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 8 - Contracts Homework * Required You are editing your previous response. Be careful when sharing the URL of this page, because it will allow others to also edit your response. Fill out a new response. Your Name (Last Name, First Name) * johnson,jacqueline Student # * 161102pcd Email Address * [email protected]
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
A. declare the contract forfeited and retain as liquidated damages any payments received from the buyer. B. rescind the contract and return any payments received from the buyer. C. sue for specific performance. D. Any of the other answers are correct. A. assignment by the purchaser. B. unilateral rescission by a defrauded purchaser. C. novation. D. supervening illegality. A. will have to sell if the purchaser is an innocent third party. B. may rescind the contract if she chooses. C. will not have to sell because the contract is void due to fraud. D. will have to sell but has legal recourse against Bruce. 1. If a purchaser breaches a valid and enforceable sales contract, the seller may at his/her option: * 2. All of the following are examples of how a contract may be discharged EXCEPT: * 3. Frances, an elderly lady, entered into a contract to sell her home when her unscrupulous nephew Bruce took unfair advantage of his relationship with her. Frances: *
Image of page 2
A. substitution of a new contract for an existing contract. B. substitution of one party for another. C. substitution of a new obligation to discharge a former obligation. D. substitution of a new agreement by one party against the wishes of the other party. A. something remains to be done by one or both parties. B. the contract has been properly signed. C. contract time limit has expired. D. one of the parties has died before closing and the decedent's executor must act on behalf of the deceased. A. the parties express their intent orally. B. the parties express their intent in writing. C. the parties' agreement is shown by their acts and conduct. D. one party makes a promise in order to induce another party to act.
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern