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Instructions: Briefly review and respond to the questions below. You may consult your textbook in drafting your response. Your responses should not be longer than three (3) pages, double-spaced.
Questions
1. Suppose that a mature, sober, intelligent individual signs a contract that is written in extraordinarily clear English. Later, he asks to be discharged from performance because he is an immigrant and his native language is not English. Does he have a good legal argument?
2. When Egypt closed the Suez Canal, ships going between the U.S. and the Middle East had to go around Africa, thereby incurring significant added costs. This event was not provided for in shipping contracts, and so ship owners wanted their contracts invalidated on the grounds of impossibility. Did they have a good case?
3. Think of marriage as a contract. Should courts make it "easy" to breach the marriage contract (divorce) by allowing either party to do it at will, subject to payment of "damages"? Why do you think some people add a religious dimension to marriage by promising to remain faithful until death?
Instructions: Briefly review and respond to the questions below. You may consult your textbook in drafting your response. Your responses should not be longer than three (3) pages, double-spaced. Email your response as a Microsoft Word or PDF attachment Your responses are due by 11:59pm on Sunday, 18th
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Answer all the questions under business law.
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Advise what tax consequences arise in respect of the payments.
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