WorksheetsPresentation Gr4
Total questions: 20
Worksheet time: 8mins
Standard language commonly used in documents of the same type
Usury
Boilerplate
Locus
Deceit
The overcoming of a person's free will by misusing a position of trust and taking advantage of the other person who is relying on the trust relationship
Statue of frauds
Public policy
Fraud in the execution
Undue influence
Underlying foundational principles which bind various peoples into a close-knit society
Unilateral mistake
Promisor
Public policy
Rescind
The overcoming of a person’s free will by the use of threat or physical harm
Duress
Seal
Firm offer
Forbearance
A contract that is drawn by one party to that party’s benefit and must be-accepted, as is, on a take-it-or-leave-it basis if a contract is to result
Lack of consideration
Unconscionable
Adhesion contract
Quid pro quo
A misrepresentation of a material, existing fact, knowingly made, that causes someone reasonably relying on it to suffer damages
Deceit and Fraud
Promisee and Promisor
Fraud in the inducement
In pari delicto
So harshly one-sided and unfair that the court’s conscience is shocked
Option contract
Parol evidence rule
Rescind
Unconscionable
Fraud as to the essential nature of the transaction
Exculpatory clause
Fraud in the inducement
Fraud
Fraud in the executive
When both parties are mistaken about an important aspect of an agreement
Unilateral mistake and mutual mistake
Unilateral mistake and bilateral mistake
Bilateral mistake and mutual mistake
Bilateral mistake and unilateral mistake
Fraud that induces another to enter into a contract
Fraud in the inducement
Avoid
Nudum pactum
Undue influence
A binding contract comes into existence when one person says to another, “I'm going to give you my stereo as a gift.” and the other replies, “Fine, I'l accept it.”
True
False
Contracts for the sale of an interest in real property ‘must be in writing to be enforceable.
True
False
With four exceptions, contracts for the sale of goods of $600 or more must be in writing to be enforceable.
True
False
'The law' assumes that when a contract is reduced to writing, all of its terms are contained in the writing.
True
False
When a mutual mistake occurs, a contract cannot be avoided by the parties.
True
False
When a person is induced by fraud to enter into a contract, it is called fraud in the execution, and the contract is void.
True
False
Illegal contracts are void; they have no legal effect.
True
False
In the past, and still today in some states, a seal on a contract furnishes consideration when none exists.
True
False
Under a rule of law known as the statute of limitations, certain contracts must be in writing to be enforceable.
True
False
A memorandum may consist of words on a piece of scrap paper, receipt, or check.
True
False
