Lionel Richmond is a soccer player who has a six-year contract with the Christshire United soccer team . Two years into the contract, he is involved in an accident which results in the complete amputation of his right leg. On what basis is Richmond discharged from further performance of the contract?
T/F: The measure of damages awarded to an innocent party for fraud is the difference between the value of the property as represented and the actual value of the property.
T/F: Duress is a situation in which one party threatens to do a wrongful act unless the other party enters into a contract.
T/F: The parol evidence rule stipulates that the contract is a complete integration and the exclusive expression of the parties' agreement.
T/F: An ambiguity in a contract may constitute a mutual mistake of a material fact.
A) Jonas can evict Chelsea as the contract does not comply with the Statute of Frauds and is hence void.
Kinetosphere Automation Inc. (K.A.) makes a mandatory employment contract with all its employees. The contract states that K.A.'s employees are not permitted to work for any other organization while they are employed by K.A. If K.A. finds an employee serving another company, it can approach the court to obtain a (n) ________ to prevent the employee from working in the other company.
A) The assignee's only course of action is to sue the obligee for damages.
An obligee who transfers the right to receive performance is called an assignor. The party to whom the right has been transferred is called the assignee.
A) Unconditional assignment of a contract right retains all the assignor's rights.
A) The movie studio can assign the contract to another movie studio.
D) Howard can only assign his right to take the case to the appellate court.