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WorksheetsBus Law Ch 8 Review
Total questions: 20
Worksheet time: 10mins
Name
Class
Date
1.
An example of a unilateral mistake would be:
a)
the other party told you an untrue statement
b)
the other party knew something was wrong but didn't tell you
c)
the other party hoped you wouldn't discover the lie
d)
you signed a contract before reading
2.
Punitive damages are a form of punishment.
a)
True
b)
False
3.
The absence of genuine agreement will make contract papers voidable.
a)
True
b)
False
4.
If you decide to rescind a contract, it must be
a)
agreed upon
b)
ratified
c)
prompt
d)
with thought
5.
Committing an act of violence to obtain a signature on a written contract is duress.
a)
True
b)
False
6.
Economic duress is evident when:
a)
both the threat and alternative is evident to the threatened party
b)
both the threat and the place when the threat concurred are evident
c)
both the threat and the party to the threat are evident in size
d)
both the threat and the person who made the threat like Snickers
7.
In some states, the contract is still valid if the mutual mistake is about the applicable law.
a)
True
b)
False
8.
Even if it is an untrue statement , it is not material if
a)
the defendant knew this plaintiff would rely on it
b)
the statement would cause a reasonable person to contract
c)
the statement is an opinion
d)
the defendant knew the statement was false
9.
When one party to the contract is in a position of trust and wrongfully dominates the other, undue influence has occurred.
a)
True
b)
False
10.
There is no genuine agreement if
a)
there is duress
b)
there is undue influence
c)
there is fraud
d)
All of these make a genuine agreement voidable
11.
Important facts are known as material facts that influence a parties decision about the contract.
a)
True
b)
False
12.
Contracts entered as a result of fraud or misrepresentation, are voidable by
a)
the UCC
b)
the injured party
c)
the FBI
d)
the plaintiff
13.
If you sign a contract in Spanish, it will not bind you.
a)
True
b)
False
14.
You must disclose the truth when
a)
you omit something that was a material fact
b)
a statement is made false by new facts
c)
both of these are true
d)
none of these are true
15.
Recission is conduct suggesting you intend to be bound by the contract.
a)
True
b)
False
16.
In misrepresentation, the statement must be a (an)
a)
opinion
b)
slander
c)
defamation
d)
fact
17.
All persons are presumed to know the law.
a)
True
b)
False
18.
A mistake that has no effect on the outcome of the contract is usually a
a)
fraudulent mistake
b)
mutual mistake
c)
misrepresentation
d)
unilateral mistake
19.
You can rescind or void the contract if it is a unilateral mistake.
a)
True
b)
False
20.
Key elements in undue influence are
a)
unfair persuasion and ownership
b)
ownership and relationship
c)
relationship and duty
d)
unfair persuasion and relationship
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