ETH 321 OUTLET Career Path Begins/eth321outlet.com ETH 321 OUTLET Career Path Begins/eth321outlet.com | Page 26

his agreement. Under which condition would a court of law allow Mr.
Sanchez to void this agreement?
6.
Which defense can be used when one party to an agreement threatens
violence against another party to the agreement to persuade the latter t
o modify the agreement?
7.
What is true about the statute of frauds for common law contracts?
8.
According to the statute of frauds, what is one component that is consi
stently required for a contract to be valid?
9.
To which of the following common law contracts will the statue of frau
ds best apply?
10.
Gadgetbug Corp. and Alba Inc. are two companies that have entered i
nto a contract. According to the terms of this contract, if any one party
breaches the contract, it will pay the nonbreaching party a fixed amou
nt of $50,000. What type of remedy for contract breaches is best illustr
ated in the scenario?
11.
In the context of remedies to breach of contract, what is true about co
mpensatory damages?
12.
Identify the type of remedy for contract breaches in which a nonbreac
hing party also recovers damages for foreseeable indirect losses.
13.
Identify the type of equitable remedy in which a court orders a party to
refrain from taking a particular action.
14.
Adrian, who runs a café, has a contract with Mariam, who is a supplie
r. The contract states that Mariam will provide hundred cartons of coc
oa powder to Adrian every week for a set price. However, after making
the contract, Mariam realizes that there is an error in it. The price is m
uch lower than had been agreed. Mariam decides to have the terms of