Ricky Raton offers to sell to Jezebel goods both parties know are stolen. Jezebel accepts the offer, and agrees to pay for the goods. Later, Jezebel refuses to accept or pay for the goods. If Ricky sues Jezebel for breach of contract, what is the probable result?
a. Ricky Raton would win as this is a valid, enforceable contract.
b. Jezebel would win as this is a voidable contract.
c. Ricky Raton would win as this is a unilateral contract.
d. The law would not enforce Jezebel's promise, as it does not have a lawful purpose.
Answer: d. The law would not enforce Jezebel's promise, as it does not have a lawful purpose.
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Three real estate licensed salespersons and an associate broker want to form a new real estate company. Can the associate broker serve as the qualifying broker for the new firm and as an associate broker for their present firm?
A. No, an associate broker can only work for one firm. B. No, an associate broker cannot become a qualifying broker. C. Yes, provided the associate broker notifies their current broker of the intended service. D. Yes, if the company has less than ten licensees.
In developing countries, demand typically exceeds supply, and there is little concern about customer satisfaction, especially when the level of competition is low
Indicate whether the statement is true or false