This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Sam agreed to loan Carmine $5000 on the understanding that the monies would be repaid with interest ... (Read 34 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
on: Aug 7, 2021
Sam agreed to loan Carmine $5000 on the understanding that the monies would be repaid with interest within thirty days. The loan was not repaid. As a result, Sam entered into a separate contract with Ronnie and George. Sam agreed to pay them $500 in exchange for them agreeing to attend at Carmine's residence and "rough him up" reminding him that the initial loan was delinquent. Ronnie and George took the money and attended at the local casino instead of going to Carmine's house. Sam sued them for breach of contract. His claim in court will:
◦ fail because the essence of the contract contemplates an illegal act and as such is void.
◦ succeed because the monies were not repaid by the time of the trial.
◦ fail because they still have time to complete the attendance at Carmine's residence.
◦ succeed because they clearly failed to comply with their contractual obligations.
◦ succeed because the essential elements of a contract exist.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by tnt_battle on Aug 7, 2021

tashiedavis420

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 50% of students answer this correctly


tnt_battle

  • Member
  • Posts: 556
Reply 2 on: Aug 7, 2021
:D TYSM

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Understanding cells in terms of their molecular components. Understanding cells in terms of their molecular components.
Simple harmonic motion also forms the basis for understanding mechanical waves Simple harmonic motion also forms the basis for understanding mechanical waves
How to calculate present value using the compound interest formula (Question 2) How to calculate present value using the compound interest formula (Question 2)
Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ... Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased ...
Determine the nominal annual rate of interest of the following ordinary general annuity. Determine the nominal annual rate of interest of the following ordinary general annuity.
If the entropy of a collection of molecules in 5000 boxes is 1.76 × 10-20 J/K, how many ... If the entropy of a collection of molecules in 5000 boxes is 1.76 × 10-20 J/K, how many ...
Video: Photosynthesis overview Animation

For a complete list of videos, visit our video library