100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LSB 3213 Exam 4 Questions And Answers. $7.99   Add to cart

Exam (elaborations)

LSB 3213 Exam 4 Questions And Answers.

 9 views  0 purchase
  • Course
  • LSB 3213
  • Institution
  • LSB 3213

Frustration of purpose - A court-created doctrine under which a party to a contract will be relieved of his or her duty to perform when the objective purpose for performance no longer exists (due to reasons beyond that party's control). Based on Bluto's conduct, Cass reasonably believes that Dee...

[Show more]

Preview 2 out of 8  pages

  • August 21, 2024
  • 8
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • LSB 3213
  • LSB 3213
avatar-seller
PatrickKaylian
LSB 3213 Exam 4
Frustration of purpose - A court-created doctrine under which a party to a contract will be
relieved of his or her duty to perform when the objective purpose for performance no longer exists (due
to reasons beyond that party's control).



Based on Bluto's conduct, Cass reasonably believes that Dee has the authority to act on Bluto's behalf
even though Dee does not have the actual authority to do so. Cass makes a payment to Dee for Bluto.
Dee keeps the money and disappears. Bluto - must be estopped from denying that Dee had
authority.

A fiduciary relationship involves - trust and confidence.



A minor cannot be appointed as an agent. - False



A partially disclosed principal is on whose first, but not last, name is known by a third party with whom
an agent contracts on the principal's behalf. - False



A party normally satisfies its duties under a contract by novation. - False



A power of attorney can be given only to an actual attorney. - False



A principal is responsible for all intentional torts committed by an agent. - False



After a contract is made, a supervening event may make performance - impossible and discharge
the contract.



An agency relationship does not exist outside employer-employee relationships. - False



An agent can take advantage of an agency relationship to make a "secret" profit. - False

, An agent is authorized to act on behalf of a principal in doing business with third parties. - True



An incidental benificiary is not entitled to enforce the promise of a promisor. - True



An intention variation from a contract prevents substantial performance. - False



Any breach allows the nonbreaching party to cancel the contract. - False



Anything less than complete performance is a material breach of contract. - False



Assignee - The party receiving the assignment



Assignment - The transfer of rights to a third party



Assignor - The party assigning




Betty assigns her right to payment of a loan to Cody. Cody is - a creditor benificiary



Brad is an employee of Custodial Service, Inc. In deciding whether Brad acts within the scope of his
employment when he commits a tort against Didi, a court will not consider whether - Brad
indicated that he was acting on behalf of Custodial.



Building Restoration, Inc. (BRI), enters into a contract to refurbish an old train depot for Casual Dining,
Inc., to open as Eat Up Restaurant. If BRI completes most of the work promised in the contract, its
performance will be - substantial.



A enters into a contract with B Fitness Club for discounted memberships for As employees. If B breaches
the contract and A enters into a contract with D Sports for the same service at a lower price, A might be
awarded nominal damages to - establish, as a matter of principle, that B acted wrongfully.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller PatrickKaylian. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82215 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart