1.Exculpatory clauses that release parties from liability regardless of fault are unenforceable.

True

False

2. The Executive Branch appoints judges and Cabinet members.

True

False

3.The Freedom of Information Act requires the federal government to disclose all public records upon request with no exceptions.

True

False

4.An instance where a contract is voidable is when there is a mistake of value.

True

False

5.An art dealer sells art work to Debra who is lead to believe that the artist is the famous "Pierre". Debra finds out later that artist was an unknown one who would not be able to sell his own work at such a high price. The contract would not be enforceable because of the fraudulent misrepresentation by the art dealer.

True

False

6.The most common example of a condition precedent is a mortgage contingency clause.

True

False

7.One requirement of an offer is that the offeror must have a serious intention to be bound by the offer.

True

False

8.The power of acceptance is terminated by the action of one of the parties or by operation of law.

True

False

9.A sheriff makes an arrest on a notorious robbery case. A reward was offered to the general public for assistance with the capture of the suspect. The sheriff is not entitled to the reward because he had a preexisting duty to make an arrest as part of his job.

True

False

10.One way to settle a claim for less money than was originally owed can be through accord and satisfaction.

True

False

11.One of the most important functions of the law in any society is to provide stability and continuity so people can know how to order their affairs.

True

False

12.The statement " I will burn your house down unless you pay me $10,000" is an example of an enforceable contract in spite of the illegal consideration.

True

False

13.Mr. Beylerian tells his 21 year old son, Arthur, that if he refrains from smoking and drinking for one year he will pay him $1500. Arthur does not smoke or drink for a year. There is an enforceable contract.

True

False

14.Many e-contracts have to do with licensed software.

True

False