Exam 18: practical Contracts

If you have an established relationship with a buyer,you can sell small tracts of land without a written contract.

"Scrivener's error" is another (fancier)name for a typo.

Contracts must begin with the word,"whereas" in order to be legal.

Compare and contrast the perspectives of a lawyer and a client when approaching the negotiation of a contract.

In determining whether parties intended to reduce their agreement to writing,which of the following factors would normally NOT be considered:

Emily runs a children's clothing boutique which takes in local homemade items on a consignment basis.Her standard form contract indicates that Emily has the right to put items on sale without prior approval,but intentionally does not specify what effect the sale has on the consignor's payment percentage.Her intent is to keep the same profit she would have had without the sale.She is using ambiguity in her contract to increase her sales and profit.