Multiple Choice
Choose the one most appropriate answer for each.
-the substitution of a new contract for an existing one
A) assign
B) attorney-in-fact
C) breach of contract
D) competent party
E) consideration
F) counteroffer
G) duress
H) forbear
I) fraud
J) liquidated damages
K) money damages
L) mutual agreement
M) novation
N) offeror
O) rescind
P) specific performance
Q) statute of frauds
R) unilateral contract
S) void contract
T) voidable contract
Correct Answer:

Verified
Correct Answer:
Verified
Q54: Choose the one most appropriate answer for
Q55: A contract created under duress is<br>A) invalid.<br>B)
Q56: If a contract is considered voidable, it
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Q58: The statute of limitations concerns time limits
Q60: A mistake includes innocent misrepresentation, ignorance, inability,
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Q62: A minor change in the terms of
Q63: When a contract appears to be good
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