ABC Inc and XYZ Ltd Entered into a Written Agreement

question 72

Multiple Choice

ABC Inc and XYZ Ltd entered into a written agreement for the purchase and sale of paper products.That agreement contained a clause that said: "This arrangement is not entered into,nor is this memorandum written,as a formal or legal agreement,and shall not be subject to the jurisdiction of the Law Courts or in any other way be enforceable by law." ABC Inc wants the paper products,but XYZ Ltd refuses to deliver them.Which of the following statements is most likely TRUE?

• A)The agreement is legally enforceable because the clause in question is inconsistent with the rules of offer and acceptance.
• B)The agreement is legally unenforceable because the clause in question was an invitation to treat,rather than an offer.
• C)The agreement is legally enforceable because the clause in question demonstrates that the parties had a meeting of the minds.
• D)The agreement is legally unenforceable because the parties did not intend to create legal relations.
• E)The agreement is legally enforceable because it was written.

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Definitions:

In Vivo

A term used in research to refer to experiments or studies conducted in the living organism, as opposed to in vitro or in a laboratory setting.

In Vitro

A term referring to processes or reactions occurring in a controlled environment outside of a living organism.

Intensive Exposure

A therapeutic technique involving prolonged and repeated exposure to the stimuli or situations that cause fear or distress, aiming to reduce the associated anxiety.

SUDS

Subjective Units of Distress Scale, a method of measuring the intensity of distress or anxiety an individual feels.