Please answer these multiple choice questions

Question 2 (1 point) What is the function of an express term with respect to a contract? 0 It gives effect to the parties' intentions. Q It brings an existing contract to an end. 0 It implicitly states contractual promises. Q It explicitly states contractual promises. Question 3 (1 point) What is most important to a judge when asked to determine a matter involving a dispute between parties regarding the formation of a contract? 0 Whether the contract provides for enough consideration. 0 Whether the parties to the agreement have a mental illness. 0 Whether a reasonable person could conclude that an offer and acceptance occurred. 0 Whether the contract is detailed and clear. Question 4 (1 point) Which of the following possibilities would a party considering their own non- performance of a contract weigh? O The moral cost to society of unethical commercial activity. 0 The ethical cost to the essential functioning of business. 0 The anticipated gains versus the likely cost of breach. O The actual moral cost balanced against the economic gains. Question 5 (1 point) What is meant by the statement that an offer extended by one party to another can only be accepted if it is open? 0 that the time for acceptance by the offeror is not specified 0 that the offeree has extended an invitation to treat 0 that the offer must be available for acceptance 0 that the rejection of a conditional offer has transpired Question 7 (1 point) Which of the following statements correctly describes a characteristic of the principle of bargaining power in the creation of a contract? 0 All parties must have equal bargaining power or the contract will be rejected, and the parties will be returned to their prior positions. 0 Bargaining power is generally assumed to be equal among contracting parties. 0 Judicial assistance is readily available to all disadvantaged parties to a contract 0 When unequal bargaining power is found, the terms of the contract may be adjusted so that the contract is fair. Question 8 (1 point) Thomas gave Jared his final sales pitch, offering 10 percent off the list price, 60 days for payment, a delivery date, and delivery terms. What has happened at this point in the negotiation process? 0 A consensus on the parties' rights and obligations has been reached. 0 A consensus on the terms of the offer between parties was reached. 0 A complete offer has been extended that is now open to acceptance. 0 There has been a mutual expression of willingness to do business. Question 9 (1 point) Rachel decides to sell her home, so she meets with several real estate agents. One agent offers a reduced commission rate and a guarantee her home will sell within three months without a price reduction. Why should Rachel secure a formal contract if she chooses to use this agent? O To ensure the agent is motivated to avoid damaging his business reputation. 0 To ensure the arrangement meets the agent's needs and protects the agent's interests. O To obtain favourable terms that provide for the no-fault cancellation of the contract. 0 To assist Rachel to exercise her right to sue if the agent fails to perform as promised. Question 10 (1 point) What contractual term would encourage a judge to limit the scope of the court's examination of the written terms of a contract? 0 an exemption clause 0 a limitation of liability clause 0 a limitation of contract clause 0 an entire contract clause Question 11 (1 point) Why is it necessary for Canadian law to grant children and mentally ill individuals special legal protection? 0 Both groups lack the substantial mental capacity to make significant decisions. 0 Both groups lack the experience to make binding legal decisions. 0 Both groups are generally more likely to be taken advantage of then the general population. 0 Neither group lack the functional mental capacity to understand binding legal commitments. Question 12 (1 point) With respect to contractual relations, what is the name of the type of breach that affects the foundation of the contract? 0 innominate breach 0 fundamental breach 0 conditional breach 0 substantive breach Question 13 (1 point) Which of the following is an example of an economic breach of contract (also known as efficient breach)? 0 refusing to provide payment for services received in order to get a reduction in price 0 allowing existing legal obligations to keep the business from considering other opportunities 0 electing to refuse performance of contractual obligations and paying damages for the breach 0 electing to avoid damages by completing the performance of the contractual obligations