1. the agreement does not comply with the Statute of Frauds.
2. oral agreements are never enforceable in court.
3. it is not assignable by novation between the parties.
4. the oral agreement does not include the agent
1. Rely on the face value of seller's statement.
2. Inform the seller of potential legal consequences if this claim is untrue.
3. Inform the seller of the legal obligation to disclose facts regarding flood plains.
4. Refuse to list the property and explain to the seller that all properties in this area flood.
1. The contract on the first house is not enforceable.
2. Neither contract is enforceable.
3. Only the first contract is valid.
4. Both contracts are valid.
1. unilateral contract in which only Party B has made a promise to perform.
2. unilateral contract in which only Party A has made a promise to perform.
3. bilateral contract which both parties are obliged to perform.
4. void contract.
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Use increments to make the required estimate.
At a certain factory, the daily output is units, where denotes the firm's capital investment measured in units of and denotes the size of the labor force measured in worker-hours. Suppose that the current capital investment is and that 1,331 worker-hours of labor are used each day. Use marginal analysis to estimate the effect that an additional capital investment of will have on the daily output if the size of the labor force is not changed.
Many manufacturing problems involve the matching of machine parts, such as shafts that fit into a valve hole. A particular design requires a shaft with a diameter of 22.000 mm, but shafts with diameters between 21.990 mm and 22.010 mm are acceptable. Suppose that the manufacturing process yields shafts with diameters normally distributed, with a mean of and a standard deviation of . For this process, what is What would be your answers in (a) through (e) if the staridard deviation of the shaft diameters were ?