Question 17

As a general rule, parents are not liable for the contracts made by minor children acting on their own, except contracts for necessaries, which the parents are legally required to provide.

1. True
2. False

Question 16

Which of the following is/are a/n exception to the rule that all rights can be assigned?

when a contract is personal in nature

statutes that expressly prohibit assignments

all of the answers are correct

when an assignment will significantly change the risk or duties of the obligor

Question 15

Ratification is the acceptance or confirmation of an act or agreement that gives legal force to an obligation that previously was not enforceable

1. True
2. False

Question 14

Under the Statute of Frauds, a writing can be any confirmation, invoice, sales slip, check, fax or email.

1. True
2. False

Question 13

To prove duress, one must show proof of a threat.

1. True
2. False

Question 12

Under the Parole Evidence Rule, if a court finds that a written contract represents the complete and final statement of the parties' agreement, then it will not allow either party to present parol evidence (testimony or other evidence of communications between the parties that are not contained in the contract itself).

1. True
2. False

Question 11

Impossibility and commercial impracticability are the same thing.

1. True
2. False