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I have this homework which is 12 short answer questions. Please answer each question in 1 or less paragraph so it meets the order requirements of 2 pages. Be specific with answers. No sources needed. Anything happens or if you have any questions, send me in the messages chat. SEE ATTACHED FILE.
HANDOUT 9
CHAPTER 10
CONTRACT PERFORMANCE, BREACH AND REMEDIES
What are the reasons that a court can find no contract because of no assent? Define each one and give an example.
What is the Statute of Frauds? Why do states have Statutes of Frauds? What purpose do they serve? Why is it important in business?
What is the parol evidence rule? Why is that an important concept to understand in the business environment? Give an example.
Generally speaking, only the parties to a contract can benefit and/or be obligated by the contract and/or enforce it. Give 2 situations where a third party can have rights under a contract. Define and give an example of each.
Define Discharge of Contract
What are the 5 ways that a contract can be discharged? Define and give an example of each.
What are the 3 types of damages available in a contract case? Define and give an example of each. Are these remedies at law or remedies in equity? If you chose at law, are remedies in equity available in a contract case? Or, if you chose in equity, are remedies at law also available in breach of contract cases? If so, what are the possible remedies?
What is meant by mitigation of damages? Why is this important in the business environment? Give an example.
What are the circumstances where you might find yourself not being able to bring your case to court in a breach of contract dispute? Why is this particularly likely in contract disputes?
What are liquidated damages clauses? Are they enforceable? Under what circumstances might a court not enforce them?
John and Jane Doe sign their eight year old child to play football. They pay the league fee, have the required special physical, and sign the league agreement to follow the league guidelines, which are provided to them. When they sign him up, the league guidelines state that 8 year olds will play with children who are 8 or 9 years old. However, once the season starts, they learn that he will be playing with 8-11 year olds. Some of the 11 year olds are 100lbs heavier than their son. John and Jane Doe sue for breach of contract.
Is there a breach?
If so, what type of breach?
Assuming there is a breach, what remedies are available to the Doe Family?
Jack and Jill contract with Mary to have their house painted. The contract price is $1000.00. Mary completes the “body” of the house, but does not complete the trim. The trim accounts for 15% of the job.
Is there a breach?
If so, what type of breach?
Assuming there is a breach, what remedies are available to Jack and Jill?
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