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Help Please!!!! 1. A sales contract must be evidenced by a writing if the sales price of goods is equal to or more than (Points

Help Please!!!!

1. A sales contract must be evidenced by a writing if the sales price of goods is equal to or more than (Points : 2)


Question 2.2. A minor's right to disaffirm a contract terminates automatically when the person reaches the age of majority. (Points : 2)


Question 3.3. Mistakes in judgment as to value or quality will permit one to avoid a contract. (Points : 2)


Question 4.4. The subject matter of a contract may relate to: (Points : 2)


Question 5.5. A party who speaks with a reckless disregard for the truth not knowing of the falsity of his or her words cannot be liable for fraud. (Points : 2)


Question 6.6. An invitation to negotiate will typically be construed as having created a valid offer. (Points : 2)


Question 7.7. A contract is essentially an agreement that creates an obligation. (Points : 2)


Question 8.8. The principle behind the quasi contract is to prevent unjust enrichment. (Points : 2)


Question 9.9. An apparently voluntary agreement may in fact not be voluntary if: (Points : 2)


Question 10.10. A contract entered into under undue influence lacks genuine assent and is therefore voidable. (Points : 2)


Question 11.11. Generally, advertisements, catalog prices, and circulars are offers that can be accepted. (Points : 2)


Question 12.12. Coffee Brokers, Inc., offers to sell Java Roasters, Inc., fifty bags of coffee beans. Java rejects the offer. The offer is (Points : 2)


Question 13.13. In interpreting an ambiguous contract, one part of the contract (Points : 2)


Question 14.14. A writing that satisfies the requirement of a writing under the statute of frauds could be evidenced by (Points : 2)


Question 15.15. Parol evidence may be admitted to show that a provision was omitted as the result of (Points : 2)


Question 16.16. An adult may disaffirm a contract entered into with a minor. (Points : 2)


Question 17.17. Local Investment Company and Midstate Properties, Inc., contract for the sale of a retail mall. A mutual mistake of fact will make it possible for either party to rescind the contract (Points : 2)


Question 18.18. If an acceptance materially changes an offer, the acceptance may be held to implicitly reject the offer. (Points : 2)


Question 19.19. The key time for determining whether a party lacked contractual capacity is: (Points : 2)


Question 20.20. Ira persuades Jake to buy his horse by telling Ira that the horse rides "like the wind." Ira's statement is (Points : 2)


Question 21.21. The maximum amount of time that a minor has to disaffirm a contract is: (Points : 2)


Question 22.22. A merchant cannot revoke a firm offer to buy or sell goods if the merchant has (Points : 2)


Question 23.23. If the subject matter of a contract turns out to be more valuable than one of the parties believed it would be, that party can rescind the contract. (Points : 2)


Question 24.24. A counteroffer terminates an offer. (Points : 2)


Question 25.25. It is not necessary for an offer to be communicated by the offeror to the offeree to be effective. (Points : 2)


Question 26.26. Agreement is usually evidenced by an offer and an acceptance. (Points : 2)


Question 27.27. To have a contract you must have: (Points : 2)


Question 28.28. Fraud requires a misstatement of either a fact or opinion. (Points : 2)


Question 29.29. A promise to pay a debt must be in writing if (Points : 2)


Question 30.30. A general contractor who knows that a subcontractor's bid is a mistake can still enforce the bid. (Points : 2)

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