Question 1

__________is an offeree's notification to the offeror that the offeree agrees to be bound by the terms of the offer, or proposal to form a contract.

Accepted Answer

A)  Agreement 
B)  Acceptance 
C)  Contract 
D)  Consideration 
A)  Agreement 
B)  Acceptance 
C)  Contract 
D)  Consideration

Question 2

For a binding contract to be created, consideration must be

Accepted Answer

A)  legally sufficient. 
B)  validated by a court. 
C)  paid in cash. 
D)  legally sufficient and paid in cash. 
A)  legally sufficient. 
B)  validated by a court. 
C)  paid in cash. 
D)  legally sufficient and paid in cash.

Question 3

Which of the following is a significant issue regarding online contracts?

Accepted Answer

A)  Determining fair prices for goods 
B)  Locating online stores 
C)  Creating and verifying e-signatures 
D)  Maintaining contact between parties 
E)  All of these choices are correct. 
A)  Determining fair prices for goods 
B)  Locating online stores 
C)  Creating and verifying e-signatures 
D)  Maintaining contact between parties 
E)  All of these choices are correct.

Question 4

Which of the following is not copyrightable?

Accepted Answer

A)  Known facts 
B)  Ideas 
C)  Mathematical calculations 
D)  All of these choices are correct. 
A)  Known facts 
B)  Ideas 
C)  Mathematical calculations 
D)  All of these choices are correct.

Question 5

Jack and Jill exchange a promise for an act. They have created which of the following?

Accepted Answer

A)  An invalid verbal contract 
B)  A unilateral contract 
C)  A bilateral contract 
D)  A tort contract 
A)  An invalid verbal contract 
B)  A unilateral contract 
C)  A bilateral contract 
D)  A tort contract

Question 6

Forcing a party to do something, including entering into a contract, through fear created by threats is legally defined as

Accepted Answer

A)  duress. 
B)  undue influence. 
C)  coercion. 
D)  fraudulent misrepresentation. 
A)  duress. 
B)  undue influence. 
C)  coercion. 
D)  fraudulent misrepresentation.

Question 7

Roger gets bucked off of his $20,000 horse. As he picks himself up off the ground, he yells, "I'll sell this worthless horse for $100!" Carrie hands Roger $100 and tries to take the horse. Roger will not sell her the horse for $100, so Carrie wants to sue him for breach of contract. An attorney would likely advise Carrie that

Accepted Answer

A)  she will easily win the case. 
B)  no contract was formed because Roger's offer was not serious. 
C)  no contract was formed because the horse is worth $20,000. 
D)  a contract was formed, but Carrie will have to pay the horse's true value if she wants to buy it. 
A)  she will easily win the case. 
B)  no contract was formed because Roger's offer was not serious. 
C)  no contract was formed because the horse is worth $20,000. 
D)  a contract was formed, but Carrie will have to pay the horse's true value if she wants to buy it.

Question 8

When the parties have imperfectly expressed their agreement in writing, the equitable remedy of______ may also be available.

Accepted Answer

A)  rehabilitation 
B)  restitution 
C)  reformation 
D)  revision 
A)  rehabilitation 
B)  restitution 
C)  reformation 
D)  revision

Question 9

A bilateral contract involves which of the following?

Accepted Answer

A)  The exchange of a promise for a promise 
B)  A private party and the government 
C)  The exchange of a promise for an act 
D)  None of these choices is correct. 
A)  The exchange of a promise for a promise 
B)  A private party and the government 
C)  The exchange of a promise for an act 
D)  None of these choices is correct.

Question 10

The UCC permits which of the following warranties to be disclaimed?

Accepted Answer

A)  Express warranties 
B)  Implied warranties of merchantability 
C)  Implied warranties of fitness for a particular purpose 
D)  All of these choices are correct. 
E)  None of these choices is correct. 
A)  Express warranties 
B)  Implied warranties of merchantability 
C)  Implied warranties of fitness for a particular purpose 
D)  All of these choices are correct. 
E)  None of these choices is correct.

Question 11

A_______ is any agreement (based on a promise or an exchange of promises) that can be enforced in court.

Accepted Answer

A)  breach of contract 
B)  contractual capacity 
C)  contract 
D)  consideration 
A)  breach of contract 
B)  contractual capacity 
C)  contract 
D)  consideration

Question 12

Genuineness of assent may be lacking due to which of the following?

Accepted Answer

A)  A mistake 
B)  Fraudulent misrepresentation 
C)  Undue influence 
D)  Duress 
E)  All of these choices are correct. 
A)  A mistake 
B)  Fraudulent misrepresentation 
C)  Undue influence 
D)  Duress 
E)  All of these choices are correct.

Question 13

Contractual capacity is the

Accepted Answer

A)  legal ability or competence to enter into a contractual relationship. 
B)  legal requirement to enter into a contractual relationship. 
C)  maximum monetary consideration that may be paid in a contract. 
D)  minimum monetary consideration that may be paid in a contract. 
A)  legal ability or competence to enter into a contractual relationship. 
B)  legal requirement to enter into a contractual relationship. 
C)  maximum monetary consideration that may be paid in a contract. 
D)  minimum monetary consideration that may be paid in a contract.

Question 14

Which of the following statements is correct?

Accepted Answer

A)  Paralegals are rarely involved with disputes involving contract and sales law. 
B)  Paralegals are often involved with disputes involving contract and sales law. 
C)  Paralegals are never involved with disputes involving contract and sales law. 
D)  There must be a paralegal involved with any dispute involving contract and sales law. 
A)  Paralegals are rarely involved with disputes involving contract and sales law. 
B)  Paralegals are often involved with disputes involving contract and sales law. 
C)  Paralegals are never involved with disputes involving contract and sales law. 
D)  There must be a paralegal involved with any dispute involving contract and sales law.

Question 15

_________is the act of canceling, or nullifying, a contract.

Accepted Answer

A)  Rescission 
B)  Invalidation 
C)  Rebuttal 
D)  Rejection 
A)  Rescission 
B)  Invalidation 
C)  Rebuttal 
D)  Rejection

Question 16

The threshold mental competence required by law for a party who enters into a contract to be bound by that contract is called

Accepted Answer

A)  offer. 
B)  acceptance. 
C)  consideration. 
D)  contractual capacity. 
A)  offer. 
B)  acceptance. 
C)  consideration. 
D)  contractual capacity.

Question 17

______damages are not awarded in a breach-of-contract action because they do not serve the purposes of contract law.

Accepted Answer

A)  Punitive 
B)  Compensatory 
C)  Liquidated 
D)  Consequential 
A)  Punitive 
B)  Compensatory 
C)  Liquidated 
D)  Consequential

Question 18

Contracts that cannot by their terms be performed within one year from the day after the date of formation are normally required to be in writing under which of the following?

Accepted Answer

A)  The Statute of Frauds 
B)  The undue influence rule 
C)  The duress rule 
D)  The unconscionability rule 
A)  The Statute of Frauds 
B)  The undue influence rule 
C)  The duress rule 
D)  The unconscionability rule

Question 19

Can a seller disclaim or limit warranties required by the UCC? If so, explain how.

Accepted Answer

The UCC permits express and implied warr

Question 20

In sales law, the words "as is" mean

Accepted Answer

A)  only implied warranties are included. 
B)  all warranties are included. 
C)  only the implied warranty of merchantability is included. 
D)  there are no implied warranties. 
A)  only implied warranties are included. 
B)  all warranties are included. 
C)  only the implied warranty of merchantability is included. 
D)  there are no implied warranties.

__________is an offeree's notification to the offeror that the offeree agrees to be bound by the terms of the offer, or proposal to form a contract.

For a binding contract to be created, consideration must be

Which of the following is a significant issue regarding online contracts?

Which of the following is not copyrightable?

Jack and Jill exchange a promise for an act. They have created which of the following?

Forcing a party to do something, including entering into a contract, through fear created by threats is legally defined as

When the parties have imperfectly expressed their agreement in writing, the equitable remedy of______ may also be available.

A bilateral contract involves which of the following?

The UCC permits which of the following warranties to be disclaimed?

A_______ is any agreement (based on a promise or an exchange of promises) that can be enforced in court.

Genuineness of assent may be lacking due to which of the following?

Contractual capacity is the

Which of the following statements is correct?

_________is the act of canceling, or nullifying, a contract.

The threshold mental competence required by law for a party who enters into a contract to be bound by that contract is called

______damages are not awarded in a breach-of-contract action because they do not serve the purposes of contract law.

Contracts that cannot by their terms be performed within one year from the day after the date of formation are normally required to be in writing under which of the following?

Can a seller disclaim or limit warranties required by the UCC? If so, explain how.

In sales law, the words "as is" mean

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Trial Procedures

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Exam 15: Contracts and Intellectual Property Law

__________is an offeree's notification to the offeror that the offeree agrees to be bound by the terms of the offer, or proposal to form a contract.

For a binding contract to be created, consideration must be

Which of the following is a significant issue regarding online contracts?

Which of the following is not copyrightable?

Jack and Jill exchange a promise for an act. They have created which of the following?

Forcing a party to do something, including entering into a contract, through fear created by threats is legally defined as

When the parties have imperfectly expressed their agreement in writing, the equitable remedy of______ may also be available.

A bilateral contract involves which of the following?

The UCC permits which of the following warranties to be disclaimed?

A_______ is any agreement (based on a promise or an exchange of promises) that can be enforced in court.

Genuineness of assent may be lacking due to which of the following?

Contractual capacity is the

Which of the following statements is correct?

_________is the act of canceling, or nullifying, a contract.

The threshold mental competence required by law for a party who enters into a contract to be bound by that contract is called

______damages are not awarded in a breach-of-contract action because they do not serve the purposes of contract law.

Contracts that cannot by their terms be performed within one year from the day after the date of formation are normally required to be in writing under which of the following?

Can a seller disclaim or limit warranties required by the UCC? If so, explain how.

In sales law, the words "as is" mean

Todays Professional Paralegal

Career Opportunities

The Inner Workings of the Law Office

Ethics and Professional Responsibility

Sources of American Law

The Court System and Alternative Dispute Resolution

Legal Research and Analysis

Online Legal Research

Legal Writing: Form and Substance

Civil Litigation: Before the Trial

Conducting Interviews and Investigations

Trial Procedures

Criminal Law and Procedures

Tort Law, Product Liability,

Real Property and Insurance Law

Family Law and Estates

Business Organizations and Employment Law

Bankruptcy and Environmental Law

Filters