1. Which of the following is an error that destroys consensus?

a. Mistake b. Duress c. Misrepresentation d. Undue Influence e. Unconscionable transaction

2. What happens if a purchaser makes a unilateral mistake?

3. Which of the following does not make a contract void or voidable? a.one-sided mistake b. negligent misrepresentation c. shared mistake d. duress e. innocent misrepresentation

4. Which of the following statements is false? a.In an unconscionable transaction the parties have unequal bargaining positions. b.Undue influence is pressure from a dominant and trusted person making it impossible to bargain freely. c.Duress is more subtle than undue influence. d.For unconscionable transactions the agreement must be unreasonable. e.Duress is a threat that induces someone to enter into a contract that they otherwise would not have entered into.

5. Which of the following is NOT a valid reason to deny recission? a.A third party becomes involved. b.It's impossible to restore the parties to their original condition. c.The victim is also guilty. d.The contract is affirmed by the victim e.Both parties don't agree to recission.

6. Which of the following is a false statement of fact that persuades someone to enter into a contract when they otherwise would not have? Pick the best answer. a.Mistake b.Misrepresentation c.Unconscionable transaction d.Duress e.Undue Influence

7. Courts will not use the following when interpreting ambiguities in contracts: a.the reasonable person's test b.the literal meaning of the terms c.a nuanced interpretation of a term when a clear meaning exists. d.outside evidence in the absence of clear meaning e.the liberal meaning of the term

8. Which of the following is an example of duress? a.Being told signing the contract would ensure the next car is delivered to you by the end of the month. b.Being told signing a contract would make your rich. c.Being told a car has a new engine when it does not. d.Being told signing the contract would make your mom so proud of you. e.Being told that you must sign the contract or your secret superhero identity will be shared with the world.