11) A minor has the capacity to enter into:

a) any contract

b)only contracts for necessities

c) only contracts under $1000

d) no contracts

12)Misrepresentation and mistake prevent consent from occurring.

TrueFalse

13)A unilateral mistake occurs when an error is made by both parties to a contract.

TrueFalse

14) Undue influence is when one party uses threats or violence to intimidate the other party into entering into a contract.

TrueFalse

15) Frustration of contract is when a contract has an unlawful purpose, and therefore invalid.

TrueFalse

16)Breach of contract is when both parties fulfill their part of the contract.

TrueFalse

17)If one party only substantially performs their end of the contract, it allows the other party to cancel the contract.

TrueFalse

18)Rescission is when one party is ordered not to fulfill their end of the agreement.

TrueFalse

19) Damages is a sum of money that compensates the injured party for a breach of the contract.

TrueFalse

20)Specific performance is when one party is ordered to fulfill their terms of the contract.

TrueFalse

21) Express warranties are conditions that are essential to the contract.

TrueFalse

22)Exculpatory clauses are meant to limit or relieve a party from liability.

TrueFalse

23) Exculpatory/Exemption clauses cannot be relied on in cases of fundamental breach.

TrueFalse

24) Mr. Ma operated a dry cleaning plant. Even if there was no intention of harming anyone, he could still be sued by someone harmed by the inherently dangerous dry cleaning chemicals that escaped from his property. This is an example of what principle of tort law?

a)vicarious liability

b)contributory negligence

c)strict liability

d)false imprisonment

25) Which of the following is a NOT a defence to negligence?

a)Act of God

b)waiver

c)statute of limitations

d)libel