Bus Law Unit 3

What is another name for a mutual mistake?

• bilateral

• unilateral

• mulateral

In economic duress cases, the courts look at the threat and...

• place where the threat took place

• other alternatives to threatened party

• size of threat

the key elements of undue influence are

• a relationship

• undue persuasion

• both

signing a contract in another language you don't understand would be

• a bilateral mistake

• a unilateral mistake

What type of mistake does not give a party the right to rescind?

• bilateral

• unilateral

• both

Misrepresentation can be based on an statement of opinion.

• TRUE

• FALSE

If a contract contains a clause that allows you to escape the legal obligation, the promise is said to be

• fake

• adequate

• nominal

• Illusory

If you have passed the time limit of being able to bring suit you are said to be

• passed the statute of limitations

• expired

When consideration is provided to keep an offer open, it crease

• A promissory estoppel

• an option contract

• a firm offer

• none of the above

Which of the below parties does not have special contractual rights

• old people

• minors

• the intoxicated

• the mentally incapacitated