Reference no: EM133856015
QUESTIONS
1. An example of the type of relationship required to find undue influence would be
a. a doctor-patient relationship. b. a neighbor-neighbor relationship. c. a salesperson-purchaser relationship. d. a bartender-customer relationship.
2. An unconscionable contract is one that a court refuses to enforce because of
a. illegality. b. its limit to free trade. c. overt vagueness. d. fundamental unfairness.
3. In contract law, a minor is someone under the age of 21.
True False
4. Which of the following terms designates the legal ability of a party to enter into a contract?
a. Materiality b. Consent c. Affirmation d. Capacity
5. When one person agrees to pay the debt of another as a favor to that debtor, it is called
a. a mutual promise. b. promissory representation. c. promissory estoppel. d. a collateral promise.
6. Amanda, a recent university graduate, needed a car to get to her new job. To help Amanda secure a loan for the car, Ted, a friend, agreed to pay the loan should Amanda default. Ted's promise to pay the loan is a collateral promise. His promise must be in writing to be enforceable.
True False
7. When courts consider economic duress, they consider all the following factors EXCEPT
a. relative size of the contract. b. relative bargaining power. c. legitimate business purpose. d. financial distress.
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