Answer:
a. Gerard’s contract is voidable at his option while it is entirely executory.
Explanation:
In the United States of America, one of the most widely used recognized and most cited legal treatises is the Restatement of Contracts. It allows legal luminaries (judges and lawyers) to have a general understanding of non-binding authorities in contract or common law.
According to the Restatement (second) of Contract, voidable contract is one where one or more parties have the power, by a manifestation of election to do so, to avoid the legal relations created by the contract, or by ratification of the contract to extinguish the power of avoidance.
Hence, under the Restatement, Gerard’s contract is voidable at his option while it is entirely executory.
63. In most states, whether the time within which a minor disaffirms a contract constitutes a reasonable time is determined by the fact and circumstance of the case.
Some non-monetary costs of attempting to eliminate risks a are time costs, search costs, and psychological costs .
Non-Monetary cost is a cost which a buyer pays other than money, to acquire a thing.The non-monetary price of acquiring a product comprises the time spent looking for it and the risk taken that it will provide the desired benefits.
Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service. When deciding whether to purchase a service or repurchase it, time costs, search costs, and psychological costs are frequently taken into consideration and may occasionally be more significant considerations than monetary price.
The psychological expenses associated with receiving these services are the most distressing non-monetary charges. Fear of rejection (bank loans), fear of not understanding (insurance), and worry of uncertainty (including fear of high cost) are all examples of fears.
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B) College attended, grades, etc.
The complete question with diagram is attached
Answer:
($3.00, 420 lbs) and ($2.10, 510 lbs)
Explanation:
A shift in demand occurs when the quantity of a product consumers wants changes at all price levels.
A shift to the right indicates an increase in quantity demanded at all prices, while a shift to the left indicates a reduction in quantity demanded at all prices.
In the given scenario there is a shift in demand to the right with increase in 20 lbs of onions.
So at every price level there will be an increase in quantity demanded by 20 lbs.
According to the diagram at price $3 quantity initially demanded was 400 lbs. With the demand shift it will now be 400 + 20 = 420 lbs.
At price $2.10 demand was initially 490 lbs now it will be 490 + 20 = 510 lbs
Answer:
both Gladys and Phil
Explanation:
Based on the information provided within the question it can be said that in this scenario both Gladys and Phil are guilty of violating the Fair Housing Law. The Fair Housing law completely outlaws the refusal to sell a house or property to someone on the basis of race, color, disability, religion, sex, familial status, or national origin. Which is exactly why Gladys and Phil removed the property and did not want to sell to the minority couple.