Blog

In most states, a minor is someone under the age of ________.

If a firm enters into a contract governed by the Uniform Commercial Code in Ohio, it would be operating under:

Jacquelyn accepts Monique’s offer to sell her a used car for $2,000. At what point is there a binding contract between the two parties?

Which of the following would not be considered an example of consideration?

Bank Robbery. Victor robbed Safe Bank of a significant sum of cash. Safe Bank offered a reward of $10,000 for anyone who captured or provided information leading to the capture of Victor. Ted, a police officer in town, promised Safe Bank officials that he would apprehend Victor. While on duty, Ted arrested Victor at a hamburger joint in town. He found Victor based upon a hunch he had after Ursula, who dated Victor, told him about various places Victor enjoyed eating. The bank refuses to pay either Ursula or Ted any of the reward money. In a lawsuit between the bank and Ted, regarding the reward funds, who is likely to prevail and why?

Major obstacles to genuine assent include mistake and misrepresentation, but not undue influence or duress.

Forbearance is the failure to perform contractual duties.

Monetary damages are also referred to as equitable damages.

Emancipation occurs when a minor’s parents or legal guardians give up their right to exercise legal control over the minor.

How do courts generally rule in cases involving ambiguous contract language that makes it unclear what is being assigned or delegated?