homework

HOMEWORK

Questionable Contracting

Please respond to the following:

--In terms of capacity, assess two considerations that are integral for negotiating with minors and two considerations for negotiating sales or lease contracts with mentally incompetent persons.

--Determine how one might avoid becoming involved in unconscionable contracts and what types of evidence you would look for to avoid these types of arrangements. [1-2 references 350 words]

Release from Contracts

Please respond to the following:

--Determine under what circumstances a contract should be allowed to be rescinded because of a unilateral mistake. Provide one example of a situation in which this could be acceptable.

--Consider how guaranty contracts are used in business and propose two situations in which a guaranty would be required. [1-2 references 350 words]