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Presentation Gr4

Total questions: 20

Worksheet time: 8mins

Name
Class
Date
1.

Standard language commonly used in documents of the same type

a)

Usury

b)

Boilerplate

c)

Locus

d)

Deceit

2.

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

a)

Statue of frauds

b)

Public policy

c)

Fraud in the execution

d)

Undue influence

3.

Underlying foundational principles which bind various peoples into a close-knit society

a)

Unilateral mistake

b)

Promisor

c)

Public policy

d)

Rescind

4.

The overcoming of a person’s free will by the use of threat or physical harm

a)

Duress

b)

Seal

c)

Firm offer

d)

Forbearance

5.

 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

a)

Lack of consideration

b)

Unconscionable

c)

Adhesion contract

d)

Quid pro quo

6.

 A misrepresentation of a material, existing fact, knowingly made, that causes someone reasonably relying on it to suffer damages

a)

Deceit and Fraud

b)

Promisee and Promisor

c)

Fraud in the inducement

d)

In pari delicto

7.

So harshly one-sided and unfair that the court’s conscience is shocked

a)

Option contract

b)

Parol evidence rule

c)

Rescind

d)

Unconscionable

8.

Fraud as to the essential nature of the transaction

a)

Exculpatory clause

b)

Fraud in the inducement

c)

Fraud

d)

Fraud in the executive

9.

When both parties are mistaken about an important aspect of an agreement

a)

Unilateral mistake and mutual mistake

b)

Unilateral mistake and bilateral mistake

c)

Bilateral mistake and mutual mistake

d)

Bilateral mistake and unilateral mistake

10.

Fraud that induces another to enter into a contract

a)

Fraud in the inducement

b)

Avoid

c)

Nudum pactum

d)

Undue influence

11.

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.”

a)

True

b)

False

12.

Contracts for the sale of an interest in real property ‘must be in writing to be enforceable.

a)

True

b)

False

13.

With four exceptions, contracts for the sale of goods of $600 or more must be in writing to be enforceable.

a)

True

b)

False

14.

'The law' assumes that when a contract is reduced to writing, all of its terms are contained in the writing.

a)

True

b)

False

15.

When a mutual mistake occurs, a contract cannot be avoided by the parties.

a)

True

b)

False

16.

When a person is induced by fraud to enter into a contract, it is called fraud in the execution, and the contract is void.

a)

True

b)

False

17.

Illegal contracts are void; they have no legal effect.

a)

True

b)

False

18.

In the past, and still today in some states, a seal on a contract furnishes consideration when none exists.

a)

True

b)

False

19.

Under a rule of law known as the statute of limitations, certain contracts must be in writing to be enforceable.

a)

True

b)

False

20.

A memorandum may consist of words on a piece of scrap paper, receipt, or check.

a)

True

b)

False