Ch 2: Contract Law

Duress, is when the dominating party to a confidential relationship pressure the dominated party into a contract that benefits the former.

• True
• false

Undue influence is a wrongful threat that denies a person free will to contract.

• True
• false

A confidential relatioship that could be basis for an undue influence claim could be between a ____________.

• business owner to employee
• co-worker to co-worker
• doctor to patient
• employer to employee

Why is it best to set an expiration date on an offer when purchasing a home?

• to avoid confusion
• to maintain an on time original offer
• to avoid misinterpretations of a reasonable length of time
• to avoid over extending the offer

Under criminal and civil law, children under the age of _______ cannot be held responsible for a crime of personal injury they inflict.

• 5
• 7
• 9
• 10

Someone may want to avoid a contract due to the lack of capacity or deceived by fraud.

• True
• false

A ____________ _____________ occurs if the offeree changes the terms of the offer in any significant way.

• rejection offer
• reasonable offer
• acceptance offer
• counter offer

A void contract is one that has no legal value.

• True
• false

When a minor uses his or her right to avoid the contract is known as____________.

• voided
• rescinded
• voidable contract
• avoided contract

A ___________ _____________ is one that obilgates all parties to it to preform according to their promises.

• bilateral contract
• unilateral contract
• executed contract
• executory contract