Exam 12: Genuineness of Assent and Statute of Frauds

Intentional misrepresentation is commonly referred to as ________.

Explain in detail the doctrine of promissory estoppel.

Which of the following is an example of duress?

Which of the following occurs when one party intentionally hides a material fact from another party?

John buys a watch for $100 at a vintage store.Later,the store learns that the watch was worn by Sean Connery in a James Bond movie and wishes to rescind the sales contract they had with John.Which of the following statements is true in this regard?

The ________ states that an executory contract which cannot be performed by its own terms within one year of its formation must be in writing.

________ is a situation in which one person takes advantage of another person's mental,emotional,or physical weakness and unduly persuades that person to enter into a contract.

________ is a situation in which one party threatens to do a wrongful act unless the other party enters into a contract.

In which of the following situations is parol evidence admissible?

________ occurs when the party knows what he or she is signing but has been fraudulently led into the contract.

Which of the following is an interest in real property given to a lender as security for the repayment of a loan?

A(n)________ occurs when one person agrees to answer for the debts or duties of another person.

To prove fraud,it must be shown that the wrongdoer made a False representation of material fact.

Joe buys a trailer from a used-car dealership.During the sale,the dealer tells him that the trailer is in great condition.However,three days later,the trailer breaks down.Investigation by Joe reveals that the trailer had seven previous owners and that the engine has been replaced thrice.An automobile expert tells Joe that the trailer is in a dangerous state.Which of the following frauds would the dealer be liable for?

The Statute of Frauds is a state statute that requires that certain types of contracts must be in writing.

Which of the following must be proved to show undue influence?

Frank and Melanie enter into a sales contract for a period of six months.After three months,Frank and Melanie agree to extend the contract for an additional 12 months.In the context of this scenario,discuss the rule that requires this contract to be in writing at the time of modification of the contract.

A contract that is entered into by means of fraudulent misrepresentation can be rescinded by the innocent party.

The ________ requires certain contracts to be in writing and signed by the party against whom enforcement was sought.

The Statute of Frauds and the UCC require a written contract,whatever its form,to be signed by the party against whom enforcement is sought.