Busy. Please wait.
Log in with Clever
or

show password
Forgot Password?

Don't have an account?  Sign up 
Sign up using Clever
or

Username is available taken
show password

Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Business Law Test #3

        Help!  

Question
Answer
Which of the following is a threat that can create duress?   show
🗑
Which type of mistake gives both parties the right to rescind?   show
🗑
Which of the following is not a requirement for promissory estoppel?   show
🗑
show output & requirement contracts (  
🗑
Promissory estoppel applies to which of the following transactions?   show
🗑
Which are elements of undue influence?   show
🗑
Which of the following does not describe an event that will terminate an offer?   show
🗑
When economic threats occur, courts look at   show
🗑
show all answers listed are correct  
🗑
show offer is only social. (  
🗑
legal value   show
🗑
offer   show
🗑
past consideration   show
🗑
show Party to whom an offer is made  
🗑
counteroffer   show
🗑
show Person to whom a promise is made.  
🗑
show Voluntary transfer of ownership of property without consideration.  
🗑
show Consent or agreement not clouded by fraud, duress, undue influence or mistake.  
🗑
fraudulent misrepresentation   show
🗑
contract   show
🗑
acceptance   show
🗑
consideration   show
🗑
option   show
🗑
show Agreement by all creditors to accept something less than the total amount of their claims in full satisfaction of a debtor's obligations.  
🗑
show Approval of a voidable contract.  
🗑
termination   show
🗑
show Requirement that the terms in an acceptance exactly match the terms in the offer.  
🗑
show Contract in which the injured party can withdraw from the transaction.  
🗑
show To offer to give back what you received via a contract while demanding return of what you gave.  
🗑
show Offeror's act that invalidates an offer  
🗑
unilateral mistake   show
🗑
show Enforcement of a promise to avoid injustice, even though no consideration is given for it.  
🗑
show Refraining from doing what one has a right to do.  
🗑
show Token consideration, which bears no relation to the real value of the contract.  
🗑
show Use of an improper act or threat to obtain an expression of agreement.  
🗑
undue influence   show
🗑
show Binding agreement created by an offer that is accepted by a promise of performance  
🗑
show Mistake about an important fact believed by both parties to a contract.  
🗑
firm offer   show
🗑
show Person who makes a promise.  
🗑
show intent  
🗑
show the mistake is induced  
🗑
show individual (s) unaware the statement was untrue  
🗑
show nominal consideration  
🗑
show rescission  
🗑
show Analyze signatures on the contracts to determine authenticity.  
🗑
Which transaction is NOT within the Statute of Frauds?   show
🗑
Which of the following is a legal agreement?   show
🗑
show One who transfers contractual rights.  
🗑
show Grossly unfair contract for the sale of goods.  
🗑
assignment   show
🗑
show Element of unconscionability shown in the terms of the contract.  
🗑
show Person who owes a duty under a contract.  
🗑
show contract that has been fully performed  
🗑
show Obligation that is enforced as if it were a contract in order to prevent unjust enrichment of one party.  
🗑
compounding a crime   show
🗑
breach of contract   show
🗑
show Promise to pay a debt but only if someone else fails to pay.  
🗑
usury   show
🗑
discharge of contract   show
🗑
executory contract   show
🗑
contract of adhesion   show
🗑
procedural unconscionability   show
🗑
show Mortgage company selling your mortgage contract to another bank/mortgage company.  
🗑
show all answers are correct  
🗑
show Divisible contract (  
🗑
All of the following are essential terms required to create a valid offer except   show
🗑
show An executory contract is in process of being performed and an executed contract is completed.  
🗑
show paying an expert witness to testify  
🗑
Which of the following is an exception to the Parol Evidence Rule?   show
🗑
show indivisible  
🗑
show must purchase  
🗑
show one party breaches the illegal agreement  
🗑
The state of not knowing a contract is illegal   show
🗑
Specific performance will be granted if   show
🗑
Charging interest at a rate higher than allowed by law is called   show
🗑
How can contracts be discharged?   show
🗑
show death or disability  
🗑


   

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.

 
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
Created by: stephparnell