Question 1

What are the legal consequences of the ratification of a contract by a minor who attains the age of majority?

Accepted Answer

When a minor who attains the a

Question 2

In examining contracts that include a restrictive covenant,the court will not presume that the term is in restraint of trade unless the evidence establishes that it is.

Accepted Answer

A) True 
 B)False

Question 3

Explain why it can be important in terms of enforcing a contract to ensure that you have all the licences required by government regulation and by your trade.

Accepted Answer

If you do not have the required licences

Question 4

A void contract is one that is deemed in law to have never been created.

Accepted Answer

A) True 
 B)False

Question 5

Mary is 13 years old,and she enters into an agreement with a modelling agent pursuant to which the agent agrees to represent her.Which of the following is NOT true?

Accepted Answer

A) The agent can only enforce a contract regarding necessaries against the minor. 
B) A minor may repudiate contracts for non-necessaries because he or she is not bound by them. 
C) The contract is enforceable against the agent. 
D) The contract is not enforceable by Mary against the agent. 
E) The agent cannot enforce the contract against Mary. 
A) The agent can only enforce a contract regarding necessaries against the minor. 
B) A minor may repudiate contracts for non-necessaries because he or she is not bound by them. 
C) The contract is enforceable against the agent. 
D) The contract is not enforceable by Mary against the agent. 
E) The agent cannot enforce the contract against Mary.

Question 6

For the purpose of a contract,who is a minor?

Accepted Answer

A minor is someone w

Question 7

Explain how a confidentiality provision in an employment agreement can give rise to an ethical dilemma for an employee and whether the law should permit the breach of such a provision where it is warranted.

Accepted Answer

A confidentiality provision is one that

Question 8

Business agreements are most often challenged as contrary to public policy because

Accepted Answer

A) they may be in restraint of trade. 
B) the agreement may be intended to defraud others. 
C) one party may be more powerful than the other. 
D) one party may have been coerced into signing the agreement. 
E) the agreement may be contrary to statute. 
A) they may be in restraint of trade. 
B) the agreement may be intended to defraud others. 
C) one party may be more powerful than the other. 
D) one party may have been coerced into signing the agreement. 
E) the agreement may be contrary to statute.

Question 9

The fact that a labour union does not have capacity to sue and defend on its own is not an absolute bar to the bringing or defence of an action on its behalf.Explain.

Accepted Answer

While,subject to statute,a labour union

Question 10

Mary,a prostitute,enters into a contract with a man to provide sexual services in return for an agreed-on amount of money.In this situation,

Accepted Answer

A) no remedy is available to Mary if the man does not pay her. 
B) no remedy is available to the man if he pays the money and Mary refuses to provide her services. 
C) the contract is illegal and therefore unenforceable. 
D) there is a contract between Mary and the man. 
E) all of the above 
A) no remedy is available to Mary if the man does not pay her. 
B) no remedy is available to the man if he pays the money and Mary refuses to provide her services. 
C) the contract is illegal and therefore unenforceable. 
D) there is a contract between Mary and the man. 
E) all of the above

Question 11

Explain,with the use of examples,the concept of legal capacity.

Accepted Answer

Legal capacity means competence to bind

Question 12

John is a member of a social club that does a great deal of charity work.Harry was once a member of the social club,but after an argument at one of the club meetings,Harry had his membership taken away.This made Harry very angry,and to get back at the club,Harry began to distribute flyers that told lies about the club's charity work and which caused people not to want to make any donations to the charities that the club sponsored.The club now wants to sue Harry for defamation.In this situation,

Accepted Answer

A) the club is not a legal person in law and cannot sue Harry. 
B) the club is just like a labour union and will be able to sue Harry. 
C) the club is not a legal person in law,but it will still be able to sue Harry. 
D) the club is just like a corporation and will be able to sue Harry. 
E) none of the above 
A) the club is not a legal person in law and cannot sue Harry. 
B) the club is just like a labour union and will be able to sue Harry. 
C) the club is not a legal person in law,but it will still be able to sue Harry. 
D) the club is just like a corporation and will be able to sue Harry. 
E) none of the above

Question 13

Jack and Jill agree to tell Michael that they will beat him up if he does not give them his valuable coin collection.According to the common law,this agreement between Jack and Jill is

Accepted Answer

A) unenforceable. 
B) illegal. 
C) voidable. 
D) ineffective. 
E) void. 
A) unenforceable. 
B) illegal. 
C) voidable. 
D) ineffective. 
E) void.

Question 14

At common law,a clause in an agreement between a purchaser and vendor for the sale and purchase of a business that provides that the vendor will not carry on the same business within a radius of 1500 kilometres of the business being sold

Accepted Answer

A) is void for public policy. 
B) is not reasonable and amounts to a restraint of trade. 
C) is perfectly reasonable and will be enforced by the court. 
D) is an illegal clause and therefore void. 
E) none of the above 
A) is void for public policy. 
B) is not reasonable and amounts to a restraint of trade. 
C) is perfectly reasonable and will be enforced by the court. 
D) is an illegal clause and therefore void. 
E) none of the above

Question 15

A contract that is void is also unenforceable.

Accepted Answer

A) True 
 B)False

Question 16

Explain,with the use of examples,the concept of legal capacity.

Accepted Answer

Legal capacity means competence to bind

Exam 8: Formation of a Contract: Capacity to Contract and Legality of Object

What are the legal consequences of the ratification of a contract by a minor who attains the age of majority?

In examining contracts that include a restrictive covenant,the court will not presume that the term is in restraint of trade unless the evidence establishes that it is.

Explain why it can be important in terms of enforcing a contract to ensure that you have all the licences required by government regulation and by your trade.

A void contract is one that is deemed in law to have never been created.

Mary is 13 years old,and she enters into an agreement with a modelling agent pursuant to which the agent agrees to represent her.Which of the following is NOT true?

For the purpose of a contract,who is a minor?

Explain how a confidentiality provision in an employment agreement can give rise to an ethical dilemma for an employee and whether the law should permit the breach of such a provision where it is warranted.

Business agreements are most often challenged as contrary to public policy because

The fact that a labour union does not have capacity to sue and defend on its own is not an absolute bar to the bringing or defence of an action on its behalf.Explain.

Mary,a prostitute,enters into a contract with a man to provide sexual services in return for an agreed-on amount of money.In this situation,

Explain,with the use of examples,the concept of legal capacity.

Jack and Jill agree to tell Michael that they will beat him up if he does not give them his valuable coin collection.According to the common law,this agreement between Jack and Jill is

At common law,a clause in an agreement between a purchaser and vendor for the sale and purchase of a business that provides that the vendor will not carry on the same business within a radius of 1500 kilometres of the business being sold

A contract that is void is also unenforceable.

Explain,with the use of examples,the concept of legal capacity.

Law, society, and Business

The Machinery of Justice

Government Regulation of Business

The Law of Torts

Professional Liability: the Legal Challenges

Formation of a Contract: Offer and Acceptance

Formation of a Contract: Consideration and Intention

Grounds Upon Which a Contract May Be Set Aside: Mistake and Misrepresentation

Writing and Interpretation

Privity of Contract and the Assignment of Contractual Rights

The Discharge of Contracts

Breach of Contract and Its Remedies

Sale of Goods and Consumer Contracts

Bailment and Leasing

Insurance and Guarantee

Agency and Franchising

The Contract of Employment

Negotiable Instruments

Intellectual Property

Interests in Land and Their Transfer

Landlord and Tenant

Mortgages of Land and Real Estate Transactions

Sole Proprietorships and Partnerships

The Nature of a Corporation and Its Formation

Corporate Governance: the Internal Affairs of Corporations

Corporate Governance: External Responsibilities

Secured Transactions

Creditors Rights

International Business Transactions

Electronic Commerce

Privacy

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