1.

Under modern law, good faith does not require a party to correct another person's mistake about a basic assumption that the contract was based on.

Group of answer choices

True

or

False

2.

Which of the following is NOT an element of innocent misrepresentation?

Group of answer choices

a. justifiable reliance.

b. actual reliance.

c. materiality.

d. intent to deceive (scienter)

3.

The court is less likely to grant relief in which of the following:

Group of answer choices

A. a unilateral mistake where the non-mistaken party did not know or have any reason to know of the mistake.

B. a unilateral mistake where the non-mistaken party is aware of the other party' s mistake and says nothing.

C. a mutual mistake about a fact material to a contract.

D. a mistake in the drafting of a written contract.

4.

A contract caused by improper threats that leave a party no reasonable alternative but to enter into the contract is voidable (because of duress).

Group of answer choices

True

or

False

5.

A statement of opinion can never be the basis for a misrepresentation claim because reliance is not justified in such cases.

Group of answer choices

True

or

False