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Author Question: A mutual exchange of detriment is called: A) contract formation. B) illegality. C) voiding a ... (Read 58 times)

Mimi

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on: Jun 24, 2018
A mutual exchange of detriment is called:
 A) contract formation.
 B) illegality.
 C) voiding a contract.
 D) consideration.

Question 2

Gilda Steinforth is a partner in the law firm of Jones, Deloitte & Ernst. A wealthy couple has met with her and asked her to draw up a trust for a portion of their property. They gave Steinforth a check for 10,000 as a retainer fee and a check for 500,000 to begin the trust. Within two days after her meeting with the couple, Gilda and the checks are gone. The couple wishes to recover from Jones, Deloitte & Ernst. Which of the following statements is true?
 A) The couple may not recover since Jones, Deloitte & Ernst is not responsible for the intentional torts of its employees.
 B) The couple may not recover since Steinforth, as a lawyer, was an independent contractor and not a servant of the firm.
 C) The couple may not recover since Steinforth had no express or implied authority to receive the checks.
 D) None of the above


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angrybirds13579

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Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

D


Mimi

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Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

scottmt

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Reply 3 on: Yesterday
Excellent

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