The Owner of the Rancho Los Feliz Has 3,000 Yd

question 20

Essay

The owner of the Rancho Los Feliz has 3,000 yd of fencing material with which to enclose a rectangular piece of grazing land along the straight portion of a river.
If fencing is not required along the river, what are the dimensions of the largest area that he can enclose? What is this area?
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Definitions:

Guarantee Indebtedness

A commitment by one party to answer for the financial liabilities or obligations of another party, ensuring the debt will be paid.

Breach of Contract

Violation of any terms or conditions in a contract without a lawful excuse, which may result in legal action.

Adequacy of Consideration

A legal principle assessing whether what is exchanged in a contract (goods, services, or money) is fair and of sufficient value.

Mistake as to Existence

A legal misunderstanding or error regarding the actual existence of a subject matter or condition of a contract.