Question 1

What is a legal impediment to making a binding contract?

Accepted Answer

A)  Age 
B)  Influence of alcohol 
C)  Judicial declaration of insanity 
D)  All of the above 
A)  Age 
B)  Influence of alcohol 
C)  Judicial declaration of insanity 
D)  All of the above

Question 2

What contracts do minors make?

Accepted Answer

A)  Voidable 
B)  Void 
C)  Unenforceable 
D)  Unconscionable 
A)  Voidable 
B)  Void 
C)  Unenforceable 
D)  Unconscionable

Question 3

Foundational principles that bind various peoples into a close-knit society are called ________ policy.

Accepted Answer

The answer of Foundational principles that bind various peoples into...

Question 4

Match the terms with their descriptions:
-Voidable

Accepted Answer

A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws 
A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws

Question 5

A defrauded party never has the right to rescind the contract.

Accepted Answer

A) True 
 B)False

Question 6

Define consideration. Discuss its importance for the formation and enforceability of contracts.

Accepted Answer

Definition: Consideration is the exchang

Question 7

Match the terms with their descriptions:
-Contractual capacity

Accepted Answer

A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws 
A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws

Question 8

What is promissory estoppel?

Accepted Answer

A)  Equitable doctrine that requires no consideration 
B)  Place of the seal 
C)  Defective agreement 
D)  Adhesion contract 
A)  Equitable doctrine that requires no consideration 
B)  Place of the seal 
C)  Defective agreement 
D)  Adhesion contract

Question 9

Adults are presumed competent to make a contract.

Accepted Answer

A) True 
 B)False

Question 10

An offeror's binding promise to hold an offer open is called a(n) ________ contract.

Accepted Answer

The answer of An offeror's binding promise to hold an...

Question 11

What is the origin of the statute of frauds?

Accepted Answer

A)  Legislature 
B)  Courts' decisions 
C)  State constitutions 
D)  Rule of law coming from 17th century England 
A)  Legislature 
B)  Courts' decisions 
C)  State constitutions 
D)  Rule of law coming from 17th century England

Question 12

Match the terms with their descriptions:
-Memorandum

Accepted Answer

A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws 
A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws

Question 13

What is a characteristic of a promise to make a gift?

Accepted Answer

A)  Unenforceable 
B)  Void 
C)  Voidable 
D)  Valid 
A)  Unenforceable 
B)  Void 
C)  Voidable 
D)  Valid

Question 14

The writing that is necessary to satisfy the statute of frauds must identify the parties to the contract.

Accepted Answer

A) True 
 B)False

Question 15

Match the terms with their descriptions:
-In pari delicto

Accepted Answer

A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws 
A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws

Question 16

Match the terms with their descriptions:
-Fraud in esse contractus

Accepted Answer

A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws 
A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws

Question 17

Define fraud. Identify and discuss types of contracts that are defective because of fraud.

Accepted Answer

Definition: Fraud is a misrepresentation

Question 18

What is an exception to a gift-promise rule?

Accepted Answer

A)  Unjust enrichment 
B)  Lack of consideration 
C)  Charitable subscription 
D)  Forbearance 
A)  Unjust enrichment 
B)  Lack of consideration 
C)  Charitable subscription 
D)  Forbearance

Question 19

Match the terms with their descriptions:
-Nudum pactum

Accepted Answer

A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws 
A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws

Question 20

Match the terms with their descriptions:
-Usury

Accepted Answer

A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws 
A)  In equal fault 
B)  Legal standard for being able to make a contract 
C)  Fraud in the execution 
D)  Contracts made by minors 
E)  Writing that is necessary to satisfy the statute of frauds
F) Unconscionable contracts
G) Barren promise with no consideration
H) Rule of law establishing that certain contracts must be in writing to be enforceable
I) Promising not to do something that one has a right to do
J) Charging of a higher amount of interest than is allowed by consumer protection laws

Exam 19: Contract Requirements

What is a legal impediment to making a binding contract?

What contracts do minors make?

Foundational principles that bind various peoples into a close-knit society are called ________ policy.

Match the terms with their descriptions: -Voidable

A defrauded party never has the right to rescind the contract.

Define consideration. Discuss its importance for the formation and enforceability of contracts.

Match the terms with their descriptions: -Contractual capacity

What is promissory estoppel?

Adults are presumed competent to make a contract.

An offeror's binding promise to hold an offer open is called a(n) ________ contract.

What is the origin of the statute of frauds?

Match the terms with their descriptions: -Memorandum

What is a characteristic of a promise to make a gift?

The writing that is necessary to satisfy the statute of frauds must identify the parties to the contract.

Match the terms with their descriptions: -In pari delicto

Match the terms with their descriptions: -Fraud in esse contractus

Define fraud. Identify and discuss types of contracts that are defective because of fraud.

What is an exception to a gift-promise rule?

Match the terms with their descriptions: -Nudum pactum

Match the terms with their descriptions: -Usury

Court Systems and Jurisdiction

Criminal Trial Procedure

Civil Trial Procedure

Defensive Pleadings in Civil Trials

Methods of Discovery

Pretrial Hearing and Jury Trial

Steps in a Trial

Legal Ethics

Constitutional Law

Crimes, Accomplices, and Defenses

Crimes Against Property

Crimes Against the Person and Human Habitation

Homicide

Crimes Against Morality and Drug Abuse

Torts and Tortfeasors

Intentional Torts

Negligence and Product Liability

Formation of Contracts

Third Parties and Discharge of Contracts

The Uniform Commercial Code and Sales of Goods Contracts

Personal Property Vs Bailments

Intellectual Property

Law of Agency

Wills, Testaments, and Advance Directives

Revocation, Lapses, and Ademption

Principal Clauses in a Will

Disinheritance and Intestacy

Personal Representative of the Estate

Settling an Estate

Trusts

Estates in Real Property

Multiple Ownership of Real Property

Acquiring Title to Real Property

Deeds

Mortgages

Landlord and Tenant

Marriage, Divorce, and Dissolution of Marriage

Divorce Procedure

Business Organizations

The Law of Bankruptcy

Filters