A court may order specific performance if damages or restitution will be inadequate.

A)true

B) false

To determine the validity of an offer or acceptance,the test is generally what a reasonable person would have understood.

A)True

B)false

A person who wants to include a non-compete clause or a non-disclosure clause in a contract needs to be certain that the clause only imposes a reasonable restriction on the other person.

A)True

B)False

Consideration means that a party must have time to think about, or consider, an agreement before entering into it. Thus, almost all contracts can be voided if one party dances within a reasonable amount of time for them to fully consider the deal, which is usually 72 hours.

A)True

B)False

Contracts that may be terminated by one or more of the contracting parties are

A) Executory

B) Void

C)Voidable

D)Unilateral

To determine if a statement was an offer, the courts would use

A) subjective standard

B) An object reasonable person standard.

C) a subjective offeree standard

D) None of the above

Which contact is required to be in writing to be in enforcable ?

A) A six month contract with a landscaper where you will pay a total of $600

B) An agreement that requires you to make ten dollar monthly payments for a total of thirty months

C) A deal to purchase a tablet for $499.

D) An agreement with a contraction company to build an add-on to your home which should take about 3 months

Under the ____________ an acceptance is communicated to the offeror when it is sent, even if the offeror never receives the acceptance.

A) Mailbox Rule

B) Mirror Image Rule

C) Consideration Rule

D) Acceptance Rule

Which of the following contracts would be governed by the Uniform Commercial Code? (UCC)

A) contract for legal services.

B) A contract for the sale of a refrigerator

C) A contact for the purchase of farmland

D) A contact for the sale of real estate

Elmore purchased a car which the dealer said once belongs to Pete Wentz, lead singer of Fall Out Boys. It turned our that the seller lied about the car belonging to Pete Wentz. Therefore the contract is void.

A) True

B) False