Entertainers and the Rich & Famous - Reading Material
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Entertainers and the Rich & Famous - Reading Material

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Questions and Answers

82% of people found the document useful.

True

The document is about 'Entertainers and the Rich & Famous'.

True

You can only read the document online from Scribd.

False

The document is free to download and read.

<p>False</p> Signup and view all the answers

Entertainers and the Rich & Famous is a video, not a document.

<p>False</p> Signup and view all the answers

In a unilateral contract, both sides give something to get something else from the other.

<p>False</p> Signup and view all the answers

Fully performed contracts with complete delivery of all promised benefits are known as executed contracts.

<p>True</p> Signup and view all the answers

Partial execution contracts involve no benefit being delivered to either party.

<p>False</p> Signup and view all the answers

A breach of contract can occur due to nonpayment or failure to deliver goods.

<p>True</p> Signup and view all the answers

In case of an immaterial breach, the injured party can terminate the contract and seek damages.

<p>False</p> Signup and view all the answers

Parties bound by an agreement have no specific rights and duties towards each other.

<p>False</p> Signup and view all the answers

In contract formation, an agreement based on mutual disagreement is essential for a valid contract to come into existence.

<p>False</p> Signup and view all the answers

Contracts can only be formed through written documents and not through spoken word or conduct.

<p>False</p> Signup and view all the answers

An express contract is one that is implied by the actions or conduct of the parties involved.

<p>False</p> Signup and view all the answers

Implied contracts can arise without any explicit communication between the parties.

<p>True</p> Signup and view all the answers

Capacity of the parties is not a required element for forming a legally enforceable contract.

<p>False</p> Signup and view all the answers

Consideration in a contract refers to the exchange of non-monetary values such as goodwill or friendship.

<p>False</p> Signup and view all the answers

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