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Unformatted text preview: t is formed on day 4.
Contract is formed on day 1.
283. In violation of a state licensing statute, Jones purports to be an attorney. After making that
allegation, he contracts to perform legal service for Smith. Smith then pays Jones a $500
retainer. Later, after discovering that Jones is not licensed and therefore cannot get the job done,
Smith sues Jones for the $500. What is the most likely result, and why?
Smith definitely wins, because here we have a revenue-raising statute.
Smith probably wins, because parties for whose protection a regulatory statute has been enacted
often can recover amounts paid under a contract declared illegal by the statute.
Smith definitely loses, because here we have a regulatory statute.
Smith probably loses, because the law obligates one to check the licensure of a professional with
whom one deals.
d. In which of the following circumstances is a debt settlement not a binding contract?
Where the amount of the debt is uncertain or subject to dispute
Where the amount of th...
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This test prep was uploaded on 03/29/2014 for the course BUL 3130 taught by Professor Schupp during the Fall '12 term at UNF.
- Fall '12
- The Lottery