In: Accounting
1
Ned threatens physical harm to force Omar to pay for “protecting” Omar’s restaurant, Pasta Plates, from vandalism. Most likely, Omar may
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2 Analytics LLC processes misinterpreted data furnished by Botch Services to propose a marketing plan for Clientele Inc. Analytics and Clientele are both ignorant of the mistaken data. Their contract can be rescinded on the basis of
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4.
Beck and Call enter into a contract under which Beck agrees to cater Call’s wedding. The contract expressly prohibits any transfer of rights without the assignee’s consent. Call may transfer the right to receive Beck’s services to Dion
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5
Steel Mill Inc. and Transport Delivery LLC enter into a contract. UniOil Corporation will indirectly benefit from the deal. Under the principle of privity, UniOil has the right to
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6 For a price, Recycle LLC agrees to empty the dumpster behind Sushi Café. Recycle delegates this duty to Trash Inc. Sushi is
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The explanation and answer of the given questions are as follows:
1. Ned had threatens Omar for a contract that means he has obtained the contract with means of coercion,threat and undue influence, which means the contract is voidable at the option of Omar. He can choose to perform the contract with some consideration in return or can rescind the contract.
Answer is option D.
2 . Analytics LLP processed misinterpreted data which was for both the parties were ignorant about the mistakes in data itself it's a classic example of mutual mistake also termed as bilateral mistake. In this both the parties are ignorant about the fact.
Answer is Option D - Bilateral mistake
3. Rose has agreed to a contract and it has transferred it's obligation to Tina for the performance of his duty it's a delegation of the duty which makes Tina delegatee.
Answer is Option C - the delegatee.
4.Beck and call agreed for a contract which has specifically mentioned the terms that any rights of contract can be transferred with the concent of both the parties or the performing party. Thus for call to transfer the rights to Dion it has to get consent of Beck first.
Answer is Option D - Beck's consent.
5. Unioil is the third party beneficiary of the contract it has not been the parties under contract. Thus it will have no rights for the contract to be performed or of its benefits as the privity of contract is a common law principle which provides that a contract cannot confer rights or impose obligations upon any person who is not a party to the contract.
Answer is Option A- None of the choices.
6. The answer is option C - Obligee.