ch14 bus law
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| A mistake of fact cannot be unilateral | false
🗑
|
||||
| A contract is always enforceable even if one party is aware that the other party made a mistake of fact | false
🗑
|
||||
| If a price quotation contains a mistake in the adding of a number of figures, the contract may not be enforceable | true
🗑
|
||||
| Overestimating the value of an object is a mistake for which a court will normally provide relief | false
🗑
|
||||
| A mistake in judgment as to value is a ground to avoid a contract | false
🗑
|
||||
| An innocent party can enforce a fraudulent contract | true
🗑
|
||||
| Misrepresentation of a material fact is an element of fraud | true
🗑
|
||||
| A statement of opinion is generally subject to a claim of fraud | false
🗑
|
||||
| Misrepresentation of a material fact can occur only through words | false
🗑
|
||||
| Intent to deceive is an element of fraud | true
🗑
|
||||
| Forcing someone to enter into a contract through fear created by threats is duress | true
🗑
|
||||
| An adhesion contract can occur in a one-sided transaction in which one party has substantially superior bargaining power | true
🗑
|
||||
| Jill and Karl contract for the sale of Jill's horse. Unknown to either party, the horse has died. Karl is | not required to pay due to the mutual mistake
🗑
|
||||
| A Company and B Properties, Inc., contract a sale of a mall. A mutual mistake of fact will make it possible for either party to rescind the contract | if the mistake of fact is material
🗑
|
||||
| Great City and HCC enter into a contract that includes pages of detailed estimates. Great City, discovers that some numbers were added incorrectly, but HCC refuses to make changes. A court would most likely | reform the contract to reflect the figures accurately
🗑
|
||||
| May is a stockbroker. Due to May's statements, Nora believes that the price of stock, is going to increase. Nora buys 500 shares but the price drops. Nora can successfully recover | nothing
🗑
|
||||
| Gina induces Hu to enter into a contract for the purchase of a condominium about which Gina knowingly misrepresents a number of material features. When Hu discovers the truth, Hu can | rescind the contract on the basis of fraud
🗑
|
||||
| In selling software to Payroll Services Corporation, Ray tells Payroll's purchasing agent that the software is "almost human." This is | puffery
🗑
|
||||
| Allen, who is Beth's guardian, convinces her to buy a certain parcel of land from Chris at a greatly inflated price. Allen may be liable for | undue influence
🗑
|
||||
| Gary threatens physical harm to force Hugh to sell his business, Imported Goods, Inc., to Gary for a below-market price. This is | duress
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
kmorquecho