Review and ReflectionEach week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length, and is due on Sunday. By Tuesday, you should respond to two additional posts from your peers. Review and reflect on what you learned in the past 8 weeks.What is the most practical and easily applied lesson you learned? What was the hardest to grasp? Why? Lastly, if you could change one thing about this course what would it be and why?View your discussion rubriRenet Jean-Louis WK 8 (You Rock)COLLAPSEHats off to all my classmates who completed classes during this hard time with the coronavirus pandemic outbreak. Please take care of yourself and everyone around you.I enjoyed this class a whole lot because I am a realtor and must of the concept apply towards real-estate laws. Week 7 was my favorite. As a realtor my main objective is to always write a valid contract that meet all of the requirements in order to get pay. A bit of review on the 5 elements of a valid contract.OfferAcceptanceConsiderationMutuality of obligation Competency (Capacity)One thing that I would change is that I do not like to write essay. I would make the discussion longer and add a quiz after each discussion. I would completely remove assignment such as essays.I wish you all the best in your future endeavors!!!A promise to refrain from competing in business with another is considered to be unconscionable. True FalseA promise to refrain from competing in business with another is considered to be unconscionable. True FalsePatty executes a will, leaving her estate to her spouse Quentin. They have a daughter Rita. Later, Patty and Quentin divorce. Patty does not execute a new will before she dies. With respect to Patty’s estate, Quentin is entitled toa.one-third.b.everything.c.nothing.d.one-half.Question 4Bob wants to sell his recreational vehicle (RV) for $21,000. He e-mails Curt with an offer, but mistakenly types that the price is $20,100. Curt accepts the offer and pays Bob $20,100. Boba.can avoid the deal due to a bilateral mistake.b.must deliver the RV.c.can avoid the deal due to a unilateral mistake.d.can avoid the deal due to a mistake of value.For a contract to be valid and enforceable, it must be formed fora.a legal purpose.b.a financially beneficial purpose.c.any purpose or no purpose, legal or otherwise.d.any purpose, whether or not the purpose is legal.Paolo offers to sell a truckload of fresh vegetables to Quality Market. No time for acceptance is specified in the offer. A reasonable period of time for termination of the offer is determined bya.all of the choices.b.the subject matter of the contract.c.market conditions.d.business conditions.Freight Dispatch Corporation is a distribution company. Like most corporations, Freight’s employees include itsa.directors.b.none of the choices.c.officers.d.incorporators.Lee leases a house from Megan for a two-year term. To ensure the validity of their lease, it shoulda.require that Megan carry liability insurance.b.require that Lee perform structural repairs to the house.c.provide for the landlord’s future interest.d.include a due date for the payment of the property taxes.Darcy enters into a contract with Event Center Inc. to use its venue for a business meeting. If an ambiguity appears in the contract that outside evidence does not make clear, it will most likely bea.struck from the deal.b.interpreted against the party responsible for creating it.c.construed according to the court’s discretion.d.applied in favor of the party who drafted the contract.Beth leases an apartment from Cassie for one year, as stated in the lease. Because the lease states the time it will enda.the tenant must notify the landlord before the end of the term.b.the landlord must remind the tenant before the end of the term.c.the landlord is not required to give the tenant notice.d.the tenant must move out before the end of the term.Games Corporation hires Haley, a minor, to create new customized game software for certain clients. Haley signs a contract that requires her to work for Games for eighteen months. Before beginning work, however, Haley tells Games that she will not create new software for Games and that she is going to work for Imagine Inc., a Games competitor. Is Games’ contract with Haley enforceable? Why or why not?AstroStar, Inc.’s board of directors consists of three members—Eckhart, Dolan, and Macero. At a regular board meeting, the board selects Galiard as president of the corporation. Later, an audit reveals that during his term as president he has openly embezzled $500,000 from AstroStar. The same audit reveals that the board knew when it selected Galiard that he had been previously convicted of embezzlement. Can the corporation hold directors Eckhart, Dolan, and Macero personally liable?
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