Asked by
muhammad falah
on Nov 27, 2024
Verified
Ocean Inc., a seafood distributor, agrees to buy from Paul, a commercial fisher, any "overstock" of fish that he catches in excess of the legal limit. This agreement is most likely
A) enforceable.
B) quasi.
C) void.
D) voidable.
Overstock
It refers to an excessive amount of inventory that a business holds, which exceeds the demand for those products.
Seafood Distributor
A business entity involved in the wholesale or retail distribution of seafood products to various outlets including markets and restaurants.
Commercial Fisher
A person or business involved in the catching and selling of fish for commercial purposes.
- Identify circumstances under which contracts may be considered void, voidable, or unenforceable.
- Recognize situations where contracts may face challenges in their enforceability due to the nature of the agreement.
Verified Answer
JT
Learning Objectives
- Identify circumstances under which contracts may be considered void, voidable, or unenforceable.
- Recognize situations where contracts may face challenges in their enforceability due to the nature of the agreement.
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