1) In order to find promissory estoppel in a contract there must be:

Group of answer choices

foreseeability

reliance

a written contract

None of the Above

2)The time period in which a party must file a lawsuit:

Group of answer choices

cause of action

accord

statute of limitations

compromise

3)Accord and satisfaction is:

Group of answer choices

an agreement and discharge

a clause in a contract

a Japanese car

a remedy for breach of contract that can only be awarded by the court

4)The legal ability or capacity to enter into a contract requires:

Group of answer choices

being of sound mind and being an adult/legal age.

being an adult/legal age only.

being a good negotiator only.

being of sound mind only.

being an adult/legal age, of sound mind and a good negotiator.

5)Necessities for which a minor can be responsible is/are:

Group of answer choices

food

clothing

shelter

all of the above

6)Upon reaching sobriety, a previously intoxicated person can:

Group of answer choices

ratify a contract

disaffirm a contract

A or B

None of the above.

7)A contract to kill a person (murder for hire) is legal when:

Group of answer choices

it is written and notalized

morally justifiable

made between members of the mafia or a similar-type crime syndicate

none of the above

8)A "usury" contract relates to:

Group of answer choices

interest rates

severability

a policy

requirements to be in writing

9)A minor may be required to comply with a contract for:

Group of answer choices

Necessities (food, clothing, shelter, medical care)

Sale of goods

Specific Performance

None of the above.

10)The rule requiring that certain types of contracts be in writing is called:

Group of answer choices

The Parol Evidence Rule

The Statute of Frauds

The UCC

The Formal Contracts Rule