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please just chose TRUE OR FALSE all 17 question please quicly I have exam this for class contract I need just the answer True Or
please just chose TRUE OR FALSE all 17 question please quicly I have exam
this for class contract I need just the answer True Or false I dont need explain just need true or false for 17 question
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 Some contracts entered into by people who have been legally declared mentally incompetent are void. True False Question 4 (Mandatory) ( 1 point) Saved 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. True False 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 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 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 unenforceable if the parties have not genuinely assented (agreed) to its terms because of. for example, fraud. True False 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 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. Question 9 (Mandatory) (2 points) saved A, injured party, and B, insurance company, enter into a contract of settlement for injuries A received in a vehicular accident. Both A and B mistakenly believed that the liability limits of the insurance policy were far less than they actually were. That is, both A and B thought there was $20,000 of insurance when there was $100,000 of insurance. Under these circumstances. A, when A discovers the mistake, can rescind the contract based on the mutual mistake of fact between A and B. True False Question 10 (Mandatory) (1 point) saved To establish fraud, one must show, among other things, that there was a misreprosentation made of a significant fact. A statement of opinion cannot be used as a basis to establish fraud unless the opinion is stated by a person claiming superior knowledge about the subject matter of a contract. True False Question 12 (Mandatory) (1 point) Saved A fraudulent misrepresentation cannot occur by a party's silence or conduct - it must be by spoken or written words. True False Activate Windows To establish fraud, one must show, among other things, that they justifiably relied on the misrepresentation. True False Question 14 (Mandatory) (1 point) Saved Duress can occur if a party enters into a contract under a threat issued by the other party of taking an illegal action. True False Undue influence can arises when contracts are entered into between parties in a fiduciary relationship. True False Question 16 (Mandatory) (1 point) Saved A "contract of adhesion" is a contract entered into by parties with unequal bargaining power such that the dominant party can "stick" terms to the other party. True False 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 that it is unconscionable. True False Step by Step Solution
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