Examlex

Solved

Gabriel Entered into a Contract with Paradise Equestrian Services (PES)

question 34

Multiple Choice

Gabriel entered into a contract with Paradise Equestrian Services (PES) .The purpose of the contract was to allow Gabriel's son,Archie,to learn to ride horses.The situation was somewhat complicated by the fact that while Gabriel lived in Prince Edward Island,Archie was starting college in British Columbia,where PES was also located.In an attempt to make it easier for Archie to take action on the contract,if any problems arose,Gabriel made sure that the agreement contained Paragraph 13,which says,"The promise given by PES is hereby made to Gabriel by PES and the benefits of that promises are held in trust by PES for the benefit of Archie." Which of the following statements is TRUE?


Definitions:

Official Definition

An explanation or description that is approved and sanctioned by a recognized authority.

Poverty

Poverty is a condition where individuals or communities lack the financial resources to meet basic life necessities such as food, shelter, and healthcare.

Progressive Taxes

A tax system in which the tax rate increases as the taxable amount increases, placing a higher financial burden on wealthier individuals or entities.

Canadian Educational System

the structured and regulated network of educational institutions and policies in Canada, encompassing public and private schooling from kindergarten through higher education.

Related Questions