Kubasek Dynamic Business Law Chapter 16 Capacity and Legality
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| adhesion contract | A contract created by a party to an agreement that is presented to the other party on a take-it-or-leave-it bass. Such contracts are legal but are sometimes rescinded on the grounds of unconscionability and the absence of one party's free will to enter a
🗑
|
||||
| Capacity | Persons over the age of majority 18, can enter into binding legal contracts; test Whether the person knows what they are doing or signing.
🗑
|
||||
| Disaffirm Contract | Minors can Disafirm
🗑
|
||||
| affirming a Contract | Minors can Affirm a Contract after 18
🗑
|
||||
| covenants not to compete | An agreement not to compete against a Party for a set period of time within a designated geographic area.
🗑
|
||||
| Radication of contract | implied radication after turning Age of majority 18
🗑
|
||||
| exculpatory Clause | basically frees one party (usually the drafter) from all liability arising our of performance of the contract.
🗑
|
||||
| indivisble contract | A contract that connot be divided and must be performed in its entirety.
🗑
|
||||
| in pari delicto | In equal Fault
🗑
|
||||
| unconscionability | Grounds for rescinding an unconscionable contract.
🗑
|
||||
| unconscionable | one party has so much more bargaining power than the other party that the powerful party dictates the terms of the agreement and elminates the other party's free will.
🗑
|
||||
| usury | The lending of money at an exorbitant or unlawful rate of interest. 10% max rate between private parties.
🗑
|
||||
| Legality of contract | Can not enter into a contract for something illegal.
🗑
|
||||
| Limited Liability Causes | need to be conscionable
🗑
|
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:
tinafici
Popular Law sets