F Page 1: . , Question 11 (Mandatory) (1 point) ~/ Saved [9 1 2 . . 1 ~/ A statement of opinion cannot be used as a basis to establish fraud unless the opinion is QJ stated by a person claiming superior knowledge about the subject matter of a contract. 4 5\\ @ True J ~/ "' t. __ 0 False ,, { 4\\ ' 7 8 V V' Question 12 (Mandatory) (1 point) \\/ Saved L 10 ' #1: A fraudulent misrepresentation cannot occur by a party's silence or conduct it must be by gr . v, J spoken or written words. it \\.__2 Li ~_ r: {J Fat '* True 13 14 15 @ at , . , ' 0 False Activate Vi Go to Setting ,0 Type here to search Question 5 (Mandatory) (2 points) Saved 3 If A and B enter into a contract for the sale of A's hair salon business to B, B might well have insisted that a covenant not to compete be placed in the contact to prevent A from competing with B's new business. True O False Question 6 (Mandatory) (1 point) Saved To be enforceable, a covenant not to compete must be reasonably limited in scope and duration. True False Activate Windows Go to Settings to activate Question 7 (Mandatory) (1 point) Saved O m W D M searchQuestion 7 (Mandatory) (1 point) Saved w Assume that A and B have entered into a valid contract (one reflecting an agreement, legally sufficient consideration, capacity, legality). The contract may nevertheless be a unenforceable if the parties have not genuinely assented (agreed) to its terms because of, for example, fraud. True False 12 Question 8 (Mandatory) (2 points) Saved Assume I am mistaken about the market value of a painting I own and sell it for far less than 15 the painting is worth. The person who purchased the painting knew the market value of the painting was worth far more than what they paid me for the painting. Because of my mistake about market value, I will be able to rescind the contract. Activate Windows Go to Settings to activate Windows True 7:09 PM o search O 8.C 11/7/2022age 1: Question 13 (Mandatory) (1 point) Saved 2 3 To establish fraud, one must show, among other things, that they justifiably relied on the misrepresentation. 5 6 True C False 8 Question 14 (Mandatory) (1 point) Saved 11 Duress can occur if a party enters into a contract under a threat issued by the other party of 12 taking an illegal action. True 14 15 False Activate Windows Question 15 (Mandatory) (1 point) Saved Go to Settings to activate Wi Undue influence can arises when contracts are entered into between parties in a fiduciary 7: ype here to search O m W D M 11/Question 1 (Mandatory) (1 point) Saved Even though a minor can void a contract because of lack of capacity, a minor nevertheless remains liable for the reasonable value of "necessaries" sold to the minor. True False Question 2 (Mandatory) (1 point) Saved All contracts entered into by an intoxicated person are voidable. True False Question 3 (Mandatory) (1 point) Saved Activate Wind Some contracts entered into by people who have been legally declared mentally Go to Settings to incompetent are void.Exam 2 Est. Length' 2'OO:OO Time Taken:1:33:43 Afyaa Al-Karkhi: Attempt 1 Page 1: \"F l V l ._ *j r Question 17 (Mandatory) (1 point) v Saved if a "contract of adhesion" is so one-sided and oppressive so that it would offend the moral sensibilities of any reasonable person, the contract may well not be enforced on the ground li that it is unconscionable. (9 True 1, E 2 \\/ 5 \\/ B \\l 11' '~/ E z 333?? 14 I 17 of 17 questions saved . . Activate Windows Go to Settings to activate Windo /0 Type here to search ge 1: N Question 3 (Mandatory) (1 point) Saved Some contracts entered into by people who have been legally declared mentally incompetent are void. U 6 True False 8 9 Question 4 (Mandatory) (1 point) Saved 11 12 If a minor enters into a contract soon before they reach the age of majority (18 in most states), the minor, when they reach the age of majority, can ratify the contract and become fully liable on it. 14 15 True Activate W False Go to Setting 8 . C Type here to search O M W DMQuestion 15 (Mandatory) (1 point) ~/ Saved ' U." )my'x <. undue influence can arises when contracts are entered into between parties in a fiduciary relationship. an my question point saved of adhesion is contract by with unequal bargaining power wyn .. such that the dominant party terms to other party. activate windows go settings so onesided and oppressive it would offend moral if .1: type here search e points n w injured b insurance company enter settlement for injuries received vehicular accident. both mistakenly believed liability limits ut o policy were far less than they actually were. thought there was insurance. under these circumstances discovers mistake rescind based on mutual fact b. true c false establish fraud one must show among things misrepresentation made significant fact. m .>