Deck 5: Mutual Assent of the Parties
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Deck 5: Mutual Assent of the Parties
1
There are two types of mistakes: mutual and unilateral.
True
2
Fraud and misrepresentation are the only two methods of destroying mutual assent.
False
3
Undue influence cases are common in which of the following?
A)Misrepresentation
B)Unconscionable contracts
C)Fiduciary relationships
D)None of the above
A)Misrepresentation
B)Unconscionable contracts
C)Fiduciary relationships
D)None of the above
C
4
Substantive unconscionability lacks meaningful choice by one party to a contract.
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5
Oppressive or overly harsh contracts create _________ contracts.
A)procedural unconscionable
B)substantive unconscionable
C)mirror image
D)adhesion
A)procedural unconscionable
B)substantive unconscionable
C)mirror image
D)adhesion
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6
Misrepresentation is defined as
A)a deliberate misstatement of fact.
B)an innocent misstatement of fact.
C)no misstatement of fact.
D)a slight misstatement of fact.
A)a deliberate misstatement of fact.
B)an innocent misstatement of fact.
C)no misstatement of fact.
D)a slight misstatement of fact.
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7
A public policy argument for rescinding a contract is which of the following?
A)Fraud
B)Unconscionability
C)Misrepresentation
D)Mistake
A)Fraud
B)Unconscionability
C)Misrepresentation
D)Mistake
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8
Adhesion contracts are generally considered unconscionable contracts.
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9
Mutual assent is a meeting of the minds.
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10
Fraud constitutes a method of
A)destroying mutual assent.
B)consummating a contract.
C)all of the above.
D)none of the above.
A)destroying mutual assent.
B)consummating a contract.
C)all of the above.
D)none of the above.
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11
To determine whether mutual assent exists, the court will apply a(n)_______ standard.
A)privity
B)subjective
C)objective
D)mutual
A)privity
B)subjective
C)objective
D)mutual
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12
An adhesion contract is considered
A)unconscionable.
B)fair.
C)bait and switch.
D)all of the above.
A)unconscionable.
B)fair.
C)bait and switch.
D)all of the above.
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13
A mistake can occur when
A)both parties are wrong about a fact.
B)one party is wrong about a fact.
C)all of the above.
D)none of the above.
A)both parties are wrong about a fact.
B)one party is wrong about a fact.
C)all of the above.
D)none of the above.
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14
Misrepresentation is a misstatement of fact made deliberately by a party.
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15
Methods of destroying mutual assent in a contract include which of the following?
A)Duress
B)Undue influence
C)Fraud
D)All of the above
A)Duress
B)Undue influence
C)Fraud
D)All of the above
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16
Procedural unconscionability lacks meaningful choice by one party to a contract.
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17
A method of destroying mutual assent is fraud in the contract.
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18
In order to prove economic duress, it must be proven that
A)wrongful conduct exists.
B)an injured party acts against their free will.
C)financial hardship exists.
D)all of the above.
A)wrongful conduct exists.
B)an injured party acts against their free will.
C)financial hardship exists.
D)all of the above.
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19
In a duress case, you do not have to prove coercion.
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20
Undue influence arises out of a confidential relationship.
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21
Match between columns
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