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lyudmila [28]
3 years ago
5

On the first day of the month, Thomas and Moore orally agreed that Thomas was to deliver to Moore’s place of business a case of

fruit on each Monday of the current month. Moore was to pay the US $100 price on the first of the following month. On the 15th of the month, the agreement should be classified as Unexecuted because the agreement was
a. Oral.
b. Executory.
c. Cancelable at any time.
d. Executed.
Social Studies
1 answer:
VARVARA [1.3K]3 years ago
7 0

Answer:

The correct answer is option b. Executory.

Explanation:

An agreement with the nature of execution is known as executory agreement. This kind of agreement requires execution and if there is a failure in the execution of the agreement, the agreement can be nullified.

In the above case, if Thomas and Moore fail to fulfill their side of the agreement, by the middle of the month, the agreement can automatically be nullified.

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The basic constitutional rights of the people were FIRST set out in the____________
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Answer:

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because the country needed to have rights at the time

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Explanation:

Salutary neglect were a set of laws which made the American colonies feel a sense of freedom. The colonies weer loyal to the crown and the English crown left free to govern themselves. After the seven years war, the English monarch George III wanted to capitalize from the English colonies in America. He was left in a position to  compensate huge war debts after the french and Indian wars, Britain was in a post war depression and hence to stabilize the economy, the king decided to reap profits from the colonies.

It was the time when salutary neglect  was followed in the colonies and they had set up their own system of trade and manufacturing laws and became increasingly self sufficient. in order to obtain some finance from the colonies, the English crown taxed the colonists heavily with a series of acts such as Townshend act, revenue act, stamp act, sugar act, Tea act etc., this aggravated the annoyance of the colonists who were not given a chance to vent out their frustration in the English parliament and hence the civilians divided among themselves into loyalists and patriots who started to plunge into protests against the heavy taxes levied by the crown and thereby the oppression of the colonists. Protests such as Boston tea party marked the colonists anger and frustration against the British. This led to the way towards the American Independence.

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There is no consideration and therefore no enforceable contract for transactions relating to ____.
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A gift is a contract without fair consideration and requires performance to be valid. A valid gift is therefore a concluded contract by the giver's actual delivery of the gifted item to the donee or someone on behalf of the donee, or by the giver's delivery of the means of obtaining the gifted item without further action for possession.

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Know more about gift contract here

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