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Questions and Answers
82% of people found the document useful.
82% of people found the document useful.
True (A)
The document is about 'Entertainers and the Rich & Famous'.
The document is about 'Entertainers and the Rich & Famous'.
True (A)
You can only read the document online from Scribd.
You can only read the document online from Scribd.
False (B)
The document is free to download and read.
The document is free to download and read.
Entertainers and the Rich & Famous is a video, not a document.
Entertainers and the Rich & Famous is a video, not a document.
In a unilateral contract, both sides give something to get something else from the other.
In a unilateral contract, both sides give something to get something else from the other.
Fully performed contracts with complete delivery of all promised benefits are known as executed contracts.
Fully performed contracts with complete delivery of all promised benefits are known as executed contracts.
Partial execution contracts involve no benefit being delivered to either party.
Partial execution contracts involve no benefit being delivered to either party.
A breach of contract can occur due to nonpayment or failure to deliver goods.
A breach of contract can occur due to nonpayment or failure to deliver goods.
In case of an immaterial breach, the injured party can terminate the contract and seek damages.
In case of an immaterial breach, the injured party can terminate the contract and seek damages.
Parties bound by an agreement have no specific rights and duties towards each other.
Parties bound by an agreement have no specific rights and duties towards each other.
In contract formation, an agreement based on mutual disagreement is essential for a valid contract to come into existence.
In contract formation, an agreement based on mutual disagreement is essential for a valid contract to come into existence.
Contracts can only be formed through written documents and not through spoken word or conduct.
Contracts can only be formed through written documents and not through spoken word or conduct.
An express contract is one that is implied by the actions or conduct of the parties involved.
An express contract is one that is implied by the actions or conduct of the parties involved.
Implied contracts can arise without any explicit communication between the parties.
Implied contracts can arise without any explicit communication between the parties.
Capacity of the parties is not a required element for forming a legally enforceable contract.
Capacity of the parties is not a required element for forming a legally enforceable contract.
Consideration in a contract refers to the exchange of non-monetary values such as goodwill or friendship.
Consideration in a contract refers to the exchange of non-monetary values such as goodwill or friendship.
