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Unformatted text preview: Business Law 110 - Online DR. CHRIS HAMILTON Send answers as an E-mail attachment to: [email protected] PUZZLE #3: CHAPTERS 7-9 Place answers on Answer Sheet ACROSS less the performance is "too personal" o. STATEMENT: The principle involved here is called "______ duty." by their conduct, or by the law les are advertisements, catalogues, and circulars ct comes into existence until the act is completely PERFORMED); "a promise for an act" MENT: This is not a contract because this results in being a "______ offer." ceable, but is "______" here is STILL a contract that the parties can VOLUNTARILY perform upon ? it is only important if one of the parties refuses to perform: then it cannot be enforced in court?) e remedy ? especially if damages could make the parties whole DOWN use the parties are "in pari delicto" ontract and the removal of the original party’s rights and duties, substituted with a new party ng under a contract; could be the rights to money, property, services, etc. However, cannot "increase the duty of the obligor" take-it-or-leave-it" basis where one party has stronger (unfair) bargaining advantage, and dictates terms one can successfully argue this "promissory" thing. -Must contain a promise, reliance on that promise by the promisee, and a situation where it would be fair" for the courts to "sto enforceable against him if the subject matter was for these. NOTE: A minor’s "station in life" is important in determining whether the items are these or luxuries 14 These kinds of "promises" are unenforceable because they are too vague and have no consideration. They seem to say something, but fail because they are uncertain (e 16 The reason why question #21 Across (above) is not a contract is because the "acceptance" violates "The ______ Image Rule" 17 This "consideration" is NOT consideration. It is an act completed BEFORE the contract is made; this cannot be consideration because one cannot negotiate (later) for 18 This is where a lender charges an illegal rate of interest on a loan; depending on the state: can make the whole contract void, OR principal collectible and up to the lega 20 This is a kind of "contract" that is "Implied in Law;" -a fictional contract imposed by the courts in the interests of "fairness" and justice; usually imposed to avoid the...
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- Fall '09
- Void, DR. CHRIS HAMILTON, ______ Image Rule, -a fictional contract