Contract Law

The contracts of most parties who lack capacity are considered voidable.

• True

• False

Typically, courts encourage intoxicated individuals to assume accountability for their actions.

• True

• False

What is overpowering another person's free will by taking advantage to induce him/her to enter into a contract?

• Duress

• Undue influence

• Misrepresentation

• Genuine assent

Contracts in which one person pays another to commit a felony are unenforceable.

• True

• False

Illegal contracts are held by the courts to be ___.

• void

• voidable

• valid

If an agreement is made to pay a non-expert witness to testify at a trial, it would be valid.

• True

• False

A contract between a residential subdivision developer and a home buyer providing that the buyer would not sell to a member of a particular race is a valid contract.

• True

• False

What permits a party to recover money or property given?

• Rescission

• Restitution

• Money damages

• Specific performance

What is refraining from doing something?

• Consideration

• Rescission

• Forbearance

• Specific performance

___ is a return offer made by the person who rejected the original offer.

• Revocation

• Rejection

• Counteroffer

• Termination