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- Choose the right answer. 2. (The law of Agency) Conflict of interest means ________________. a. Agent is interested in Principal business b. Principal is interested in Agent business c. Agent stands to compete with Principal interest d. Principal stands to compete with Agent interest 3. (Law of Contract) The agreement is _____________ if it is caused by mistake as to any law in force in Malaysia. a. voidable b. void c. valid d. illegal 4. (Law of Contract) Yan wants to borrow RM20,000 from her friend Pang and Pang agrees to lend the money if Yan agrees to pay the money to Cathy, his sister in four installments. The above situation illustrates the principle of __________. a. consideration need not move from the promisee b. part payments are valid consideration c. natural love and affection is valid consideration d. executory consideration is performed after contract is madeTRUE OR FALSE. Write True if the statement is true. Otherwise, write false.1. Business advertisement is a valid offer.2. Deaf-mutes have no capacity to give consent.3. Fraud voids a contract.4. If B gives his consent due to A’s threat of exposing his marital affairs, there will be nocontract because consent is vitiated.5 Exaggerations in trade are not fraudulentJ owns a Disability Income policy Before purchasing the policy, I suffered a major back injury that is specifically excluded for coverage under the policy. The clause in J's policy that EXCLUDES back injury claims is found in lhe: A.Guaranteed Insurability rider B. Recurrent Disability clause C. Concurrent Disability clause D. Impairment rider
- 32. Smith Construction Inc. is thinking about offering a QSEHRA that will provide each of its 25 full-time employees with a $3,000 annual benefit. Smith Construction plans to fund the entire benefit and will also give its employees the option of participating in a group health plan it sponsors. Why will Smith Construction's proposal not meet the requirements to be considered a QSEHRA? oa. Smith Construction cannot fund the arrangement. ob. Smith Construction cannot offer both a QSEHRA and a group health plan. OC. Smith Construction exceeds the employee limit. Od. The annual benefit exceeds the threshold limits. W10. X has an oral contract with Y for the purchase of Y's lake cabin. X's remedy(ies) is/are if Y breaches: a) Specific performance. b) Injunction. c) Damages. d) Probably no remedy available as this contract had to be in writing before X could take it to court as the Statute of Frauds requires this contract to be in writing.An offer can be defined as an intimation of words and conduct, with a desire to enter into a binding arrangement. It is argued for an offer to be effective, the terms of the offer must be clear, precise and unambiguous. Critically discuss this statement, with the following requirements; 1. Five (5) applicable case laws on the subject matter. 2. State clearly • The issue • Basic facts of the Cases • The Judgement include, an introduction as well as a conclusion. discuss via a few paragraphs, what was the issue, basic facts and the judgement. • Conclude by applying the mentioned cases to the issue at hand in respect of question above.
- Q1. To prevail in an action brought under common law, the plaintiff must show all of the following except: (in your response, explain the burdens of proof for a third-party plaintiff under common law). Q2. Kerry CPA is the auditor for Sammy Corp. During the audit, Kerry discovers a material misstatement in Sammy's financial statements. Sammy's management tells Kerry that if the misstatement is corrected or if Kerry issues an opinion that indicates there is a material misstatement, Sammy Corp. will likely have to declare bankruptcy and thousands of employees will lose their jobs. Which of the following statements is true if the misstatement is not corrected and Kerry issues an unqualified opinion on Sammy's financial statements? (in your response, identify the court case that makes Kerry liable to any person who suffered a loss as a result of the fraud).LAW 01 1. Donald is 16 and signs a contract with Deedee, an adult. The contract can be voided by: a) Deedee only b) Neither Deedee nor Donald c) Donald or Deede d) Donald only 2. Jose enters into a contract with Sally's Transportation to work as a driver. Under the plain meaning rule, if the contract's writing is clear and unequivocal, the meaning of the contract terms must be determined from a) any relevant evidence existing in addition to the contract. b) the later testimony of the parties. c) only evidence not contained in the document. d) only the language in the contract 3. Under a contract with Valley Vineyard, Walsh begins grading a terraced hillside for the planting of grapes. Halfway through the project, Walsh asks for $5,000 over the contract price because Walsh realizes he could have gotten Valley to agree to more if he'd given them a higher price initially. Valley agrees but later refuses to pay. Valley's agreement to pay more is. a) enforceable. b) unenforceable because…True/False 10. If John remarks to Jane that her employment will be based upon granting him sexual favours,this type of contract would be considered____________________.A. Voidable as Jane may assert that Lee is suffering from substantial mental incapacity.B. Necessary in order for Jane to obtain her job.C. Void as it is an immoral contract that is against public policy.D. A covenant not to compete for other job opportunities.
- BUSINESS LAW EXPERT PLS ATTAIN THIS 1. An offer to contract was made to you by email. You decided to accept that offer and replied by email stating your acceptance. When is the acceptance validly communicated? 2. P entered into a 10-year lease of a warehouse. Thereafter, the local authority closed the only street access to the warehouse because of a dangerous building. The street was to be re-opened after the dangerous building was demolished. Discuss whether P could refuse to pay rent and have the contract set aside on the basis of frustration.In a self-funded health plan for a commercial company, which entity bears the risk for the medical costs: A. Health Plan B. Federal Government C. Member D. The company purchasing the insurance 2. Under the essential benefits of the affordable care act, which benefit requires no cost sharing for the member (i.e., first dollar coverage): A. Emergency services B. Maternity services C. Laboratory services D. Preventive and wellness services 3. Language in provider contracts that automatically renew the agreement for additional term(s) would be found under which of the following contract clauses in a managed care agreement: A. For cause termination B. Indemnification C. Evergreen D. Utilization management 4. Payment by a health plan to a provider in a fee for service arrangement represents what to a provider: A. Cost B. Revenue C. Investment D. Reimbursement 5. Which of the following is not true of a self-funded plan: A. Health plan bears the risk for the medical cost B. Not regulated by…encourage a buyer to buy. Which one of the following statements is 20. An affiliate broker can legally offer an inducement, prize or gift to 12 d. TRUE: The cost of the prize does not exceed $1,000. The offer to purchase must be signed within 24 hours. The affiliate broker and broker must share in the cost of the prize. It is approved by the affiliate broker's principal broker. a. b. d. 21.An applicant for an affiliate broker's, broker's or time-share salesperson's license must apply for the license within respective license examination or be subject to reexamination. months of passing the a. b. C. d. 12 22. Which of the following statements is TRUE concerning internet advertising? It is illegal in Tennessee. The firm name and telephone number are required to be shown on the first page. Affiliate brokers are allowed to advertise on the internet without their principal broker's, or firm's name. The firm name and telephone number must be on each page. a. b. С. d. 346