Question

17.a. What is the difference between a void contract and a voidable contract?

A) A void contract is an illegal contract that exists while a voidable contract has never existed but the parties can ask a court to set it aside.

B) A void contract is a contract that never existed while a voidable contract exists but a court can set it aside to try to put the parties in their original position.

C) A void contract is an illegal contract that exists while a voidable contract has never existed but a court can set it aside to try to put the parties in their original position.

D) None of the above.

E) A void contract is a contract that never existed, just like a voidable contract that the parties can however ask a court to set aside.

17.b. What is an implied stipulation?

A) It is a stipulation which the parties have implicitly and expressly included in their contract, but which in the opinion of the court, they should not have included as reasonable persons if they had thought of the possibility of a difficulty subsequent. B) It is a stipulation in the contract which gives the parties assurance that the court will not allow their legitimate and reasonable expectations to be disappointed simply because the contract does not expressly deal with a serious circumstance which affects the basis of the contract. 'surgery.

C) It is a stipulation which the parties expressly included in their contract, but which in the opinion of the court, they should not have included as reasonable persons if they had thought of the possibility of a subsequent difficulty.

D) It is a stipulation in the contract which warns the parties against court intervention if the contract does not expressly deal with a serious circumstance which affects the basis of the transaction.

E) It is a stipulation which the parties did not expressly include in their contract, but which in the opinion of the court they would have included as reasonable persons if they had thought of the possibility of a subsequent difficulty.

17.c. What is the position of the courts on the subsequent use of trade secrets acquired by a former employee?

A) The courts today are no longer concerned with agreements containing unreasonable limitations on the future economic freedom of the former employee. It would be a major violation of the freedom to conduct business.

B) It is very easy to convince the courts that agreements between employee and employer limiting the future economic freedom of the employee are reasonable and not limited to commerce.

C) Courts today tend to overturn agreements containing unreasonable limitations on the future economic freedom of the former employee.

D) The courts cannot be convinced that employee-employer agreements limiting the employee's future economic freedom are reasonable and not limited to commerce. E) Courts today tend to accept agreements containing unreasonable limitations on the future economic freedom of the former employee.

17.d. We cannot be obligated to people who work for us without our knowledge. Why?

A) Because volunteering does not create any legal obligation.

B) Because we have the right to receive in advance an offer to perform the work that we can accept or refuse.

C) Because the offer binds only the offeror and not the recipient of the offer.

D) Because everyone is free to work for free.

E) Because working without a person's knowledge is nothing less than fraud.

Answer 1

17.a. What is the difference between a void contract and a voidable contract?

Answer:

B) A void contract is a contract that never existed while a voidable contract exists but a court can set it aside to try to put the parties in their original position.

17.b. What is an implied stipulation?

Answer:

E) It is a stipulation which the parties did not expressly include in their contract, but which in the opinion of the court they would have included as reasonable persons if they had thought of the possibility of a subsequent difficulty.

17.c. What is the position of the courts on the subsequent use of trade secrets acquired by a former employee?

Answer:

D) The courts cannot be convinced that employee-employer agreements limiting the employee's future economic freedom are reasonable and not limited to commerce.

17.d. We cannot be obligated to people who work for us without our knowledge. Why?

Answer:

B) Because we have the right to receive in advance an offer to perform the work that we can accept or refuse.