Question
Question 5 A contract that is deemed to be too harsh or oppressive to one of the contractual parties may be unenforceable under the concept
Question 5
A contract that is deemed to be too harsh or oppressive to one of the contractual parties may be unenforceable under the concept of: |
Question 5 options:
| a) illegal coercion. |
| b) unilateral influence. |
| c) unconscionability. |
| d) oppressive confrontation. |
Question 6
When money is loaned at a greater rate of interest than is allowed by law, ____________ is committed. |
Question 6 options:
| a) usury |
| b) sharking |
| c) petty theft |
| d) credit malfeasance |
| e) nonfeasance |
Question 7
Blake defrauded Teri into entering into a contract with him for the purchase of a record. Blake falsely told Teri that the record had been autographed by the world reknowned musician "Robert Smith" when, in fact, Blake had signed the record himself. Teri paid Blake the contract price of $200 for the record (which is how much it would have been worth if Robert Smith had actually signed it). The record, however, is only actually worth $20. Assuming that the defense of fraud does exist, Teri may: |
Question 7 options:
| a) rescind the contract and get her $200 back. |
| b) affirm the contract and sue for the difference of $180 (the difference in the value between what was paid and what the record's worth). |
| c) either a or b. Teri may choose. |
| d) do both a and b. |
| e) none of the above. |
Question 8
In order for the defense of ___________ to apply, the other party must know or must reasonably should have known that the person claiming the defense was _________________. |
Question 8 options:
| a) incapacity on the basis of age; a minor. |
| b) incapacity on the basis of intoxication; intoxicated. |
| c) incapacity due to incompetency; incompetent. |
| d) incapacity due to illiteracy; illiterate. |
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