Indicate whether each of the following statements is true or false by writing T or F in the answer column.
1. Fraud may be committed either by spoken or written words or by acts or conduct.
1. _________
2. Intentional concealment of material facts is just as fraudulent as making false statements. 2. _________
3. A contract resulting from the use of undue influence is voidable at the option of the party wrongfully influenced. 3. _________
4. When threats are used to force someone to enter into a contract, the agreement may be dissolved by either party. 4. _________
5. The distinction between fraud and misrepresentation is important because the remedies available to an injured party are different. 5. _________
6. When the UCC was written, it was intended that the unconscionable clause would apply only to contracts for services. 6. _________
7. For a contract to be dissolved because of a mistake, the law usually requires that the mistake be mutual. 7. _________
8. A contract of adhesion is characterized by unequal bargaining power of the parties.
8. _________
9. If a person knowingly makes a false statement of a material fact in a contract with the intent that the other party rely on it, the person making such false statement can be charged with puffing. 9. _________
10. A contract considered shockingly unjust or unfair is an unconscionable contract.
10. _________