Question: Business Law (Topic Consideration)1.) In the landmark case, Hamer v. Sidway, what werethe...Question:...

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Question: Business Law (Topic Consideration)
1.) In the landmark case, Hamer v. Sidway, what werethe promises exchanged between the uncle and the nephew? Did thenephew live up to his promise? If so, why didn’t he receiveanything from the uncle? What did the nephew give up in exchangefor his uncle’s promise? According to the court, why was thissufficient? If this case were to occur today, would the outcome bethe same? Why or why not?
2. Read the “You Be The Judge” section of the chapter (Kimv. Son). If you were the judge, how would you rule? Why?Explain.
3. In the Landmark Case, Alaska Packers’ Assoc. v.Domenico, why didn’t the court enforce the APA’s agreement topay the workers double the original contract amount? What was thelegal reason?
4. Briefly explain, what is an accord and satisfaction? InHenches v. Taylor, did Taylor’s check create an accord andsatisfaction? Why or why not? What should Henches have done in thiscase if he didn’t want to create an accord and satisfaction?

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1 In the landmark case Hamer v Sidway the promises exchanged between the uncle and nephew were as follows The uncle promised his nephew 5000 if he refrained from drinking consuming tobacco swearing and playing cards or billiards for money until he See Answer

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In: AccountingQuestion: Business Law (Topic Consideration)1.) In the landmark case, Hamer v. Sidway, what werethe...Question: Business Law (Topic Consideration)1.) In the landmark case, Hamer v. Sidway, what werethe promises exchanged between the uncle and the nephew? Did thenephew live up to his promise? If so, why didn’t he receiveanything from the uncle? What did the nephew give up in exchangefor his uncle’s promise? According to the court, why was thissufficient? If this case were to occur today, would the outcome bethe same? Why or why not?2. Read the “You Be The Judge” section of the chapter (Kimv. Son). If you were the judge, how would you rule? Why?Explain.3. In the Landmark Case, Alaska Packers’ Assoc. v.Domenico, why didn’t the court enforce the APA’s agreement topay the workers double the original contract amount? What was thelegal reason?4. Briefly explain, what is an accord and satisfaction? InHenches v. Taylor, did Taylor’s check create an accord andsatisfaction? Why or why not? What should Henches have done in thiscase if he didn’t want to create an accord and satisfaction?