Define and explain-An agreement that violate statute- An agreement that violate public policydeveloped by courts-unconscionable agreements and contracts ofadhesion

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Answered: Defihe and explain -An agreement that…

Business Its Legal Ethical & Global Environment

10th Edition

ISBN:9781305224414

Author:JENNINGS

Publisher:JENNINGS

Chapter12: Contracts And Sales:introduction And Formation

Section12.2: Sources Of Contract Law

Problem 2CQ

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The proper remedy for the following cases is reformation of the instrument, except for one. Which is it? * If the true intention of the contracting parties is not expressed in the instrument purporting to embody the agreement by reason of mistake, fraud, inequitable conduct or accident. If the mutual mistake of the parties causes the failure of the instrument to disclose their real agreement. If mistake, fraud, inequitable conduct or accident has prevented the meeting of the minds of the contracting parties. If one party was mistaken and the other acted fraudulently or inequitably in such a way that the instrument does not show their true intention.
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subject accounting :- QUESTION 1 With reference to statutory provisions and decided cases, define "consideration" and explain THREE (3) types of consideration. QUESTION 2 An agreement is voidable if there is misrepresentation or fraud which induces the innocent party to enter into the agreement. With reference to statutory provisions and decided cases, explain the above statement.
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TO whom it may concern, I was wondering to know following details for question. Explain relevant law General RuleException Apply law to key facts General Rule Exception

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Defihe and explain -An agreement that violate statute - An agreement that violate public policy developed by courts -unconscionable agreements and contracts of adhesion