
Chapter 7 - Genuine Assent pg. 3/4 study guide
Authored by Racheal Knudson
Social Studies
9th - 12th Grade
Used 6+ times

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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What constitutes a misrepresentation in a contract?
A statement of future intent
A statement of personal opinion
A statement of fact that is untrue or actively concealed
A general advertisement or sales pitch
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT typically considered a statement of fact in a misrepresentation claim?
"The engine was rebuilt 7,000 miles ago."
"This car runs perfectly."
"The property value will increase by 15% annually."
"This cola is the best tasting on the market."
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What action would be considered active concealment in a real estate transaction?
Providing a detailed history of the property's previous owners
Covering up a leak stain on the ceiling with new paint
Offering a warranty for repairs
Giving a verbal assurance about the house's condition
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can a party do if they discover a misrepresentation in a contract?
They must accept the contract as is.
They can request a price reduction but cannot void the contract.
They can seek to void the contract.
They can renegotiate the terms of the contract.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the context of misrepresentation, which of the following statements is generally considered an opinion rather than a statement of fact?
"The product has been tested and proven effective."
"The roof was replaced two years ago."
"The property value has increased by 20% in the last year."
"This cola is the best tasting on the market."
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Compare duress and undue influence in terms of their impact on a contract. (Sec. 7.1)
Duress involves physical threats, while undue influence involves mental pressure.
Duress and undue influence both involve physical threats.
Duress and undue influence have no impact on a contract.
Duress involves mental pressure, while undue influence involves physical threats.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What must happen for an avoidance of a contract to be effective? (Sec. 7.1)
A written notice must be given.
Both parties must agree.
A court order is required.
The contract must be signed again.
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