George and Kelly agree that Kelly will look after their elderly mother.It is agreed that Kelly will move in with her mother and care for her, including taking her to her many medical appointments. George, it is agreed, will be responsible for the expenses associated with their mother's care.After three months, George refuses to continue to honour their agreement.If the matter proceeds to court, the court is likely to hold that the agreement:Question 20Answera.Will be enforceable, unless George can prove that the agreement was not intended to give rise to legal relations.b.Is a commercial agreement and therefore enforceable unless George can present strong contrary evidence to suggest that he and Kelly did not intend to create legal relations.c.Will be enforceable, if Kelly can prove that she and her brother intended to enter into legal relations.d.Will be enforceable if the agreement was in writing, and signed by both siblings.

Fill in the Blank QuestionFill in the blank question.A is a mutual agreement between two or more parties that can be enforced in a court if one party chooses not to comply. (Enter one word in the blank.)

42.Question 42Peter and Michelle are recent business school graduates with very few resources. They decided to start a business as partners. Michelle was a much better negotiator than Peter (because she had taken a MOOC called “Successful Negotiation”!). She persuaded Peter to sign a partnership agreement that was extremely unfair to him. He should be able to back out of the agreement because (select one):1 pointMichelle committed fraud.the agreement is unconscionable.Michelle breached the anchoring rule.all of the above.two of the above.none of the above.

17.Question 17Same facts as #16, except that Jessica files her lawsuit outside the US in a country that uses a "loser pays" rule. Instead of hiring her attorney on a contingency fee, she agrees to pay the attorney a fixed fee of 90,000. Based on a decision tree calculation, the value of Jessica’s litigation BATNA based on these revised facts is (select one):1 point200,000.155,000.115,000.110,000.70,000none of the above.18.Question 18Harinee is negotiating to sell her car to Sam. During negotiations, Sam asks Harinee whether the car has ever been damaged in an accident. Harinee says “absolutely not.” This is a lie. She was involved in a serious accident in which a passenger in her car was killed. After the accident she had the car completely repaired and the damage is not noticeable. Based on Harinee’s answer, Sam bought the car but later discovered the lie. Harinee has violated which of the following legal rules (select one):1 pointfiduciary dutyunconscionabilityfraudall of the abovetwo of the abovenone of the above

17.Question 17Same facts as #16, except that Jessica files her lawsuit outside the US in a country that uses a "loser pays" rule. Instead of hiring her attorney on a contingency fee, she agrees to pay the attorney a fixed fee of 90,000. Based on a decision tree calculation, the value of Jessica’s litigation BATNA based on these revised facts is (select one):1 point200,000.155,000.115,000.110,000.70,000none of the above.18.Question 18Harinee is negotiating to sell her car to Sam. During negotiations, Sam asks Harinee whether the car has ever been damaged in an accident. Harinee says “absolutely not.” This is a lie. She was involved in a serious accident in which a passenger in her car was killed. After the accident she had the car completely repaired and the damage is not noticeable. Based on Harinee’s answer, Sam bought the car but later discovered the lie. Harinee has violated which of the following legal rules (select one):1 pointfiduciary dutyunconscionabilityfraudall of the abovetwo of the abovenone of the above19.Question 19Mark works in sales for Company X and is paid a commission on his sales. After negotiations he enters into a contract to sell a product to a customer at a price that is much higher than what other sales people could negotiate. His boss sends Mark an email stating that she is very pleased with the deal. Despite the high price, the customer is also pleased with the deal and pays Mark a bonus. When Mark’s company later learns about the bonus the company (select one):1 pointcan refuse to pay his commission because the unconscionability rule.can refuse to pay his commission because of the fraud rule.can refuse to pay his commission because of the fiduciary duty rule.can refuse to pay his commission because of the Golden Rule.in this situation, must pay the commission.none of the above

Which of the following refers to `an agreement between two or more parties that has clear economic consequences that the parties have little, if any, discretion to avoid, usually because the agreement is enforceable by law`?