Joy and Kris enter into a contract for Kris to lay sod in Joy's yard for which she agrees to pay Kris. When Kris's schedule conflicts, she contacts Leza, to whom Kris "assigns all rights under the contract." Kris is
A) absolved of any liability under the contract.
B) in breach of the contract with Joy
C) liable to Joy if Leza does not perform.
D) liable to Leza for inducing a prohibited contract.
C
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When assets are exchanged at a loss in an exchange lacking commercial substance, the basis of the new asset is usually
a. the list price of the new asset. b. the book value of the old asset plus any cash paid on the trade-in. c. the fair market value of the new asset. d. either the book value of the old asset plus any cash paid on the trade-in or the fair market value of the new asset.
Jonas enters into an oral contract with Chelsea to lease his house to her for $100,000. Chelsea pays him $100,000 and moves in
A month later, Jonas learns that his state requires contracts for the lease of goods with payments of $1,000 or more to be in writing. Which of the following options does either party have now? A) Jonas can evict Chelsea as the contract does not comply with the Statute of Frauds and is hence void. B) The contract cannot be rescinded by either party as it has already been executed. C) Chelsea can rescind the contract on the grounds of noncompliance with the Statute of Frauds. D) Jonas can rescind the contract on the grounds of noncompliance with the Statute of Frauds.
According to Section 10 of the Federal Arbitration Act, what are the four grounds on which an arbitrator's award may be set aside?
What will be an ideal response?
A report that answers the question "Is labor suf?cient and ef?ciently used?" is referred to as what type of report?
A) Investigative. B) Trip. C) Progress. D) Feasibility. E) Incident.