Legal Concepts Quiz

What term describes a contract that is not legally enforceable?

• Unenforceable

• Voidable

• Valid

• Rescissible

Which of the following is a vices of consent?

• Accidental badges of fraud

• Mistake of law

• Legal effect of law

• Caveat emptor

What is the term for a contract that can be canceled by one party?

• Void

• Valid

• Rescissible

• Unenforceable

Which of the following is an example of undue influence?

• Consent + fraud

• Consent + violence

• Consent + intimidation

• Threat to enforce one's claim

What is required for a contract to be enforceable?

• Notarization

• Witness signatures

• Mutual consent

• Written form

Which article addresses the failure of cause in contracts?

• Article 1478

• Article 1355

• Article 1381

• Article 1306

What is the legal term for a sale that is prohibited by law?

• Voidable

• Unenforceable

• Rescissible

• Illegal

Which of the following is a characteristic of a void contract?

• Can be ratified

• Has no legal effect

• Requires consent

• Can be enforced

What does 'caveat emptor' mean?

• Legal capacity

• Seller beware

• Buyer beware

• Contract enforceability

Which of the following is an example of a mistake of fact?

• Intimidation

• Undue influence

• Simple mistake of account

• Mistake of law