Study Guides (238,599)
Canada (115,242)
York University (9,816)
ADMS 2610 (70)

MIDTERM Review 1

3 Pages
Unlock Document

York University
Administrative Studies
ADMS 2610
Robert Levine

QUESTION 1 CONTRACTSa A offers to sell his truck to B a minor for 5000 B buys the truck but later decides he does not want itProviding your reasons advise BContract voidable minor w nonnecessary goods can return if in same condition purchased b A supplies vegetables to food stores Today he met with B a manager of a food store who needs to buy bushels of grapes After looking at the grapes B tells A that hell think about buying the grapes from A and will let him know later Grapes are marketable within a twoweek period Two weeks have gone by and A has heard nothing from B and now wants to sell the grapes to CAdvise A providing your reasonsLapse marketable period of 2 weeks A can sell to third party c A and B are talking about As surroundsound amplifier which A bought for 8000 B offers 3500 for it A says wont give it up for less than 5500 and B says Ill give you 5000If A take the 5000 is there a contract Yes there is offer by Bacceptance by A d A wants to build a house for his daughter so he contacts B to build the house for 300000 B does a very poor job and the daughter now wants to sue B Advise the daughter providing your reasonsPrivity contract is between AB party not in contract cannot enforce it e A developer enters into a contract with B land owner to develop a subdivision on Bs land The contract is oral A begins to clear the land and remove the soil Shortly after A begins B decides he does not want the land developed and cancels the contract with B returning Bs moneyAdvise B providing your reasonsStatute of Fraud this is oral contractmust be written contract for land contracts par performance B can enforce contract if shows act of ownership by
More Less

Related notes for ADMS 2610

Log In


Don't have an account?

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.