Question
1. People can make contracts for all sorts of items and services. But a court will not enforce a contract that is contrary to public
1. People can make contracts for all sorts of items and services. But a court will not enforce a contract that is contrary to public policy. All of the examples below areexamples of agreements that have been found to be contrary to public policy over the years except
a. | all employee non-compete clauses | |
b. | sex for money agreements | |
c. | surrogacy contracts | |
d. | gambling contracts |
2. Regarding Dr. Bithony (The Dr. who picked up and moved too soon), why did Dr. Bithony lose his case?
a. | Dr. Bithony lost his case for the 15 months of severance payment because the oral contract could not be completed within one year after the contract was made. | |
b. | Dr. Bithony lost his case, because instead of simply trying to get the severance payment which he was entitled to, he and his attorney argued that Bithony was entitled to the job at the hospital. | |
c. | Dr. Bithony did not lose his case. | |
d. | Dr. Bithony lost based on figure 16-1 Sale of Land (The land he sold in New York prior to moving to Atlanta). |
3. With regard to beneficiaries under a lifeinsurance policy
a. | these beneficiaries are donee beneficiaries and their rights vest as soon as the insured dies. | |
b. | these beneficiaries are incidental beneficiaries, but they can sue for rights as soon as their names appear on a life insurance policy. | |
c. | these are incidental beneficiaries, but they have no rights under the policy (contract) until the policy holder dies. | |
d. | these are third-party incidental beneficiaries, whose rights under the insurance policy vest, as soon as the insurance policy is signed. |
4. In most cases, the parties in a contract perform their pomises and the contract then ceases to exist
True
False
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