Assuming That All Other Elements of a Contract Are Present

question 117

Multiple Choice

Assuming that all other elements of a contract are present, which of the following would most likely be held to be a binding contract, considering only the requirement that the object of a contract must be legal and not contrary to the public interest?

• A) An insurance policy paid by a shareholder to insure the business premises of a company he holds shares in
• B) A life insurance policy bought by Harvey insuring the life of his neighbour Kneival without Kneival's consent
• C) An agreement to pay $500 to Mildred if Mildred spreads the False rumour that Helen, a nurse, has AIDS
• D) A provision in a contract of employment where the employee agrees that, upon leaving, he will not work in a similar business anywhere for 5 years
• E) An agreement in which Fred agrees not to bother his father anymore

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Definitions:

Mediator Role

A neutral position assumed by a third party to help conflicting parties find a mutually acceptable solution.

Social Work

A professional field concerned with helping individuals, families, and communities to enhance their well-being and solve personal and societal problems.

Group Stage Development

The theory that describes the progression of groups through various phases, including forming, storming, norming, performing, and adjourning.

Closed Groups

Groups that restrict membership and do not allow new members to join easily, often requiring certain criteria or invitations for membership.