Chat with AIExam 7: The Elements of a Contract: Capacity, Legality, and Intention
Exam 1: Managing Your Legal Affairs127 Questions
Exam 2: Introduction to the Legal System162 Questions
Exam 3: The Resolution of Disputes: The Courts and Alternatives to Litigation221 Questions
Exam 4: Intentional Torts and Torts Impacting Business152 Questions
Exam 5: Negligence,Professional Liability,and Insurance156 Questions
Exam 6: The Elements of a Contract: Consensus and Consideration184 Questions
Exam 7: The Elements of a Contract: Capacity, Legality, and Intention162 Questions
Exam 8: Factors Affecting the Contractual Relationship182 Questions
Exam 9: The End of the Contractual Relationship173 Questions
Exam 10: Agency and Partnership214 Questions
Exam 11: Corporations150 Questions
Exam 12: Employment164 Questions
Exam 13: Intellectual Property119 Questions
Exam 14: Real and Personal Property and Protection of the Environment131 Questions
Exam 15: Priority of Creditors111 Questions
Exam 16: Sales and Consumer Protection153 Questions
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Joe saw an ad in a paper for the sale of a house in a residential area of Victoria.He approached Sam,the owner,and after some negotiation Sam orally agreed to sell the house to Joe for $750,000.Joe gave Sam $100,000 cash as a partial payment,the rest to be given upon transfer of the house.Two days later,Sam changed his mind and sent Joe a letter referring to the deal and stating that he would not honour the agreement.Which of the following is correct with respect to the legal position of the parties? Assume all the facts can be proved.
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(37) Once infants become adults,they are liable for any contract they made while they were infants.
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