Multiple Choice
Assuming that all other elements of a contract are present,which of the following would most likely be held to be a binding contract,considering only the requirement that the object of a contract must be legal and not contrary to the public interest?
A) a provision in a contract of employment where the employee agrees that,upon leaving,he or she will not work in a similar business anywhere for five years
B) a life insurance policy bought by Harvey insuring the life of his neighbour Kneival without Kneival's consent
C) an agreement to pay $500 to Mildred if Mildred spreads the false rumour that Helen,a nurse,has AIDS
D) an insurance policy paid by a shareholder to insure the business premises of a company in which he holds shares
E) an agreement among city-wide gas station owners to set a common price for gas
Correct Answer:

Verified
Correct Answer:
Verified
Q74: A person is required to honour a
Q78: "One of the basic precepts in contract
Q79: Given the provisions of the Statute of
Q81: Which of the following statements is correct
Q83: Explain why standard phrases are used by
Q84: Which of the following is true with
Q116: What must be present in an offer
Q134: List the five ingredients necessary to form
Q155: Distinguish between an infant's liability for torts
Q175: An offer will end when the subject