Question 1

Conditions precedent are events that must happen before contract performance is required.

Accepted Answer

A) True 
 B)False

Question 2

A liability limitation clause is the same as an exculpatory clause.

Accepted Answer

A) True 
 B)False

Question 3

What issue is there about whether there is a contractual obligation?

Accepted Answer

A)  Whether a pledge to make a gift is supported by consideration. 
B)  Whether there can be a pledge across country borders. 
C)  The inability to enforce international contracts. 
D)  Whether the pledges were in writing. 
A)  Whether a pledge to make a gift is supported by consideration. 
B)  Whether there can be a pledge across country borders. 
C)  The inability to enforce international contracts. 
D)  Whether the pledges were in writing.

Question 4

An accord and satisfaction is a void contract.

Accepted Answer

A) True 
 B)False

Question 5

Misrepresentation does not require proof of the buyer's reliance.

Accepted Answer

A) True 
 B)False

Question 6

The maximum wage garnishment for general debts is 50 percent.

Accepted Answer

A) True 
 B)False

Question 7

The Fair Debt Collections Act applies to:

Accepted Answer

A)  collection agencies. 
B)  all consumer credit businesses. 
C)  the IRS. 
D)  banks. 
E)  all of the above 
A)  collection agencies. 
B)  all consumer credit businesses. 
C)  the IRS. 
D)  banks. 
E)  all of the above

Question 8

The difference between fraud and misrepresentation is proof of intent.

Accepted Answer

A) True 
 B)False

Question 9

An assignment is the transfer of benefits under a contract.

Accepted Answer

A) True 
 B)False

Question 10

The parties' previous course of dealing will have little impact as courts interpret their contract.

Accepted Answer

A) True 
 B)False

Question 11

A mortgage broker who sells mortgage contracts to mortgage companies has created a third party beneficiary contract.

Accepted Answer

A) True 
 B)False

Question 12

Garnishment is an example of judgment execution.

Accepted Answer

A) True 
 B)False

Question 13

Discuss the students' use of the infancy defense in the Turnitin (iParadigms) case.

Accepted Answer

The students' use of the infancy defense

Question 14

Exculpatory clauses are generally considered void as against public policy.

Accepted Answer

A) True 
 B)False

Question 15

A contract with a party who has been declared incompetent is voidable.

Accepted Answer

A) True 
 B)False

Conditions precedent are events that must happen before contract performance is required.

A liability limitation clause is the same as an exculpatory clause.

What issue is there about whether there is a contractual obligation?

An accord and satisfaction is a void contract.

Misrepresentation does not require proof of the buyer's reliance.

The maximum wage garnishment for general debts is 50 percent.

The Fair Debt Collections Act applies to:

The difference between fraud and misrepresentation is proof of intent.

An assignment is the transfer of benefits under a contract.

The parties' previous course of dealing will have little impact as courts interpret their contract.

A mortgage broker who sells mortgage contracts to mortgage companies has created a third party beneficiary contract.

Garnishment is an example of judgment execution.

Discuss the students' use of the infancy defense in the Turnitin (iParadigms) case.

Exculpatory clauses are generally considered void as against public policy.

A contract with a party who has been declared incompetent is voidable.

Introduction to Law

Business Ethics and Social Responsibility

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

International Law

Business Crime

Business Torts

Cyberlaw, Social Media, and Privacy

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Sales: Product Advertising and Liability

Products: Business Intellectual Property

Business Competition: Antitrust

Management of Employee Conduct: Agency

Governance and Structure: Forms of Doing Business

Governance and Regulation: Securities Law

Management: Employee Welfare

Management: Employment Discrimination

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Exam 13: Contracts: Performance, Remedies, and Rights

Conditions precedent are events that must happen before contract performance is required.

A liability limitation clause is the same as an exculpatory clause.

What issue is there about whether there is a contractual obligation?

An accord and satisfaction is a void contract.

Misrepresentation does not require proof of the buyer's reliance.

The maximum wage garnishment for general debts is 50 percent.

The Fair Debt Collections Act applies to:

The difference between fraud and misrepresentation is proof of intent.

An assignment is the transfer of benefits under a contract.

The parties' previous course of dealing will have little impact as courts interpret their contract.

A mortgage broker who sells mortgage contracts to mortgage companies has created a third party beneficiary contract.

Garnishment is an example of judgment execution.

Discuss the students' use of the infancy defense in the Turnitin (iParadigms) case.

Exculpatory clauses are generally considered void as against public policy.

A contract with a party who has been declared incompetent is voidable.

Introduction to Law

Business Ethics and Social Responsibility

The Judicial System

Managing Disputes: Alternative Dispute Resolution and Litigation Strategies

Business and the Constitution

Administrative Law

International Law

Business Crime

Business Torts

Cyberlaw, Social Media, and Privacy

Environmental Regulation and Sustainability

Contracts and Sales: Introduction and Formation

Sales: Product Advertising and Liability

Products: Business Intellectual Property

Business Competition: Antitrust

Management of Employee Conduct: Agency

Governance and Structure: Forms of Doing Business

Governance and Regulation: Securities Law

Management: Employee Welfare

Management: Employment Discrimination

Filters