The courts may impose obligations on one party to a dispute to avoid unjust enrichment to the other party. This is called:
a. unenforceable contract b. voidable contract
c. implied contract d. void contract
e. quasi-contract
e
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Customers want unbundled services, with separate prices for each service element and the right to select the elements they want
Indicate whether the statement is true or false
A machine has a mean time between failures of 514 hours and mean time to repair of 19 hours. In this case, the availability is ______.
a. 96.4% b. 99.2% c. 81.7% d. 97.8%
An instrument contains the following language: "Harold T. Stone as President hereby promises to pay $12,348 to the order of Joe Jones Furniture for office equipment for Redkenn Corporation, payable from its corporate assets. (Signed) Harold T. Stone as President, Redkenn Corporation." Would the instrument be negotiable?
A) No, because the promise refers to another contract B) No, because its payment is limited to a particular fund C) Yes, because it meets all the requirements of a negotiable instrument D) Yes, because it is unequivocal
Mike bought 200 shares of EG stock two years ago at $16 per share. The stock has traded in a range of $21 to $44 a share over the past year
EG is now selling for $43.60 a share. EG announces its earnings today and Mike feels the stock could go to $60 on good news or fall to $30 on bad. To protect his profits, the most appropriate order for him to place is A) market order to sell immediately. B) a limit sell order at $60.00. C) a stop loss order at $42. D) a stop-limit order to sell at $45.