R5

Question 1

How will they screw you over with the majority and minority rule?

Answer 1

They are going to give you a bunch of things that sound very reasonable in the case, but you need to make sure that you look for the majority and minority rule as a whole and see where it goes from there. The one you messed up with really funny because forseeable wasn’t “limited” forseeable users

Question 2

What are the four requirement to make a contract legal?

Answer 2

There are 3:
Agreement- Offer and Acceptance
Consideration- Something given of legal value
Lack of Defenses

Question 3

What are the terms that are required for a common law and UCC contract?

Answer 3

For common laws you need all of the following:

1. Identity of offeree and subject matter
2. Price to be paid
3. Time of performance
4. Quantity involved *** ONLY ONE REQUIRED FOR UCC
5. Nature of work to be performed

Question 4

Name all of the defenses that make a contract VOID

Answer 4

Fraud in execution
Duress- PHYSICAL harm fear
Destruction of subject matter
Illegality
Licensing to protect public (CPA or Lawyer)

Question 5

Name all of the defenses that make a contract VOIDABLE

Answer 5

Fraud in inducement
Undue Influence- trust in close relative
Mutual mistake- adversely affected parties

Question 6

When does the statute of limitations start whenever someone didn’t fulfill their construction contract?

Answer 6

So you were probably too retarded to think of breach when i wrote out the definition, but its a breach in contract. You are measuring from the DATE OF BREACH