Why is the performance of a pre-existing contractual obligation by the offeree not consideration for an offeror's promise? Give an example.
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- What is the effect of variation of terms of the principal contract on a contract of guarantee?Define the term contract . (b) Explain the essentials of a valid contract. You may use cases or examples where possible.Let's say that the owner of a home says "come over next Wednesday to mow my lawn and every week after that until October 1. I will pay you a good price." You then go to their home that Wednesday and mow their lawn. Has a contract been formed? Is there a contract been created or not? If so why or why not?
- What is the test for whether a term is a condition? pick one answer from the following: The parties have described the term as a 'condition' or 'essential'. The promisee would not have entered the contract unless assured of strict or substantial performance of the relevant promise. Whether the term provides that performance of the contract is conditional on a contingency being fulfilled, such as finance being obtained, or development consent being granted. It was apparent to the promisor that the promisee would not have entered the contract unless assured of strict or substantial performance of the relevant promise.D6) A listing agent shows a buyer a home. The buyer completes an offer, which the listing agent takes to the sellers. The sellers like the offer and sign their acceptance. They then hand the accepted offer to their agent with instructions to deliver the accepted contract back to the buyer. Has a contract been created? a)yes, because the listing agent now has possession of the accepted offer b)yes, because the offer has been delivered to the buyer c)yes, because the offer was accepted d)No, because the sellers’ acceptance has not been communicated to the buyerHow is an offer terminated? options: 1) A counter-offer by the offeree. 2) The offeree makes enquiries regarding the terms of the offer. 3) When there is a breach of the term by the offeree after acceptance. 4) The offeror serves a notice of revocation within reasonable time after acceptance.
- Why is past consideration no consideration at all? The adequacy of past consideration is difficult to determine. Past consideration is considered to be illusory. Past consideration may involve parties who are not involved in the current contract. Past consideration was provided before the current contract was made, and the current contract requires a benefit that has not yet been conferred.What is the difference between a void contract and a voidable contract?8. 9. 10. If the offeree adds new conditions to the offer, he is said to have A) Rejected the offer B) Accepted the offer C) Refused the offer bozoqmoo D) Made a counter-offer During the formation of the contract, if the object does not exist then this contract is A) Void with relative nullity B) Valid C) Enforceable D) Void with absolute nullity is an alteration of the truth made with the intention of obtaining unfair advantages for one party, or causing loss to another. A) Lesion B) Violence C) Fraud D) Mistake als Taut
- Describe the requirements of a valid contract. If a contract is written unclearly, what happens? Please provide examples to illustrate your points.Use a clear example to demonstrate when a valid and legal contract can be declared void and explain the reasons behind such a decision.Explain the essential elements of a valid contract, including offer, acceptance, consideration, intention to create legal relations, and capacity. Discuss how these elements apply to real-world contract scenarios.