41. A contract between a business and a person who lacks the capacity to understand the nature and consequences of the contract may be considered:

a. vested

b. voidable

c. able to be terminated by the person lacking capacity

d. enforceable as to the business

e. all of the above

f. b, c, and d only

42. The term special damages in contract law refers to:

a. money owed for extra or special services given by one party

b. a writing requirement under the Statute of Frauds

c. an arms length agreement between two or more persons

d. an agreement to pay less than owed to two or more debtors

e. all of the above

f. none of the above

43. In deciding whether to enforce a non-compete clause in a business to business purchase agreement the Court will look at:

a. the length of the non-compete clause

b. the reasonableness of the non-compete clause

c. the geographic limits of the non-compete clause

d. whether there is a non-compete clause

e. all of the above

f. a - b -and c only

44. Agreements under the Statute of Frauds must:

a. be in writing

b. be for under $100.00

c. be on legal paper

d. be notarized

e. all of the above

f. a and d only

45. An illegal agreement is one that will not be enforced because it violates:

a. mirror reflection rule

b. statutory law

c. mutual rescission

d. discord and satisfaction

e. all of the above

46. The parole evidence rule related to contracts may refer to:

a. evidence needed to get people out of jail

b. oral agreements made before the final written agreement

c. written sentencing guidelines made by a Judge

d. all of the above

e. none of the above

47. If a business violates a revenue producing licensing statute, by not paying a required annual fee to the government, that business can:

a. never have a contract which a court will enforce

b. never enter into a contract

c. be charged with negligence

d. only make a verbal contract

e. none of the above