Question
Question 37 An exculpatory clause releases a party from liability in the event of monetary or physical injury, no matter who is at fault. True
Question 37
An exculpatory clause releases a party from liability in the event of monetary or physical injury, no matter who is at fault.
- True
- False
Question 36
As to the pre-existing duty rule
the uneven amount of consideration will never void the contract
a promise to do what one already has a legal duty to do, is not consideration
the uneven amount of consideration by one party may void the contract
a promise to do what one already has a legal duty to do, is consideration
Question 35
A void contract is no contract at all.
- True
- False
Question 34
When a party performs exactly as agreed, it is called
substantial performance
complete performance
minor breach
negative performance
Question 33
An intended beneficiary is one who is a third party whose benefit a contract is formed.
- True
- False
Question 32
2 Points
Which of the following contracts does NOT have to be in writing as per the Statute of Frauds?
promises made in consideration of marriage
contracts that cannot, by their own terms, be performed within one year from the day the contract is formed
contracts for the sale of services
contracts involving interests in land
Question 31
Under the Mailbox Rule
acceptance takes affect when the offeree sends or delivers the communication via the mode expressly or implied authorized by the offeror
acceptance takes effect when the offeree fills out an affidavit of service
acceptance takes affect when the offeror receives the acceptance
none of the answers are correct
Question 30
An unenforceable contract is one that
is one that cannot be enforced because of certain legal defenses against it
is void
voidable
none of the above
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