Question 9

Samantha, an orphaned 16 year old minor, had a necessary medical procedure performed at General Hospital. Before the procedure was performed, Samantha signed a contract stating she would pay the hospital $300 for the procedure. The reasonable value of the procedure was $200but General Hospital always charges $300. Which of the following statements is true?

Question 9 options:

	a) Samantha is liable toGeneral Hospital for the full $300, the contract price she agreed upon.
	b) Samantha is legally liable to General Hospital for $200, the reasonable value of the services.
	c) Samantha is liable to General Hospital for $250, the compromise between the reasonable value and the agreed upon contract price.
	d)As a minor, Samantha is not liable to General Hospital at all.

Question 10

I believe that I own a very valuable vase. I tell this to you and state that I will sell it to you for $800. I sell the vase to you and you later find out that the vase is worth only $200. A fraud:

Question 10 options:

	a) has occurred.
	b) ordinarily has not occurred.
	c) always can be based on a statement of opinion or value.
	d) none of the above.

Question 11

In an employment contract, agreements not to compete are:

Question 11 options:

	a) illegal.
	b) generally held to be in the public interest and therefore legal.
	c) contrary to public policy and therefore void.
	d) valid, if the restriction is reasonable and necessary for the protection of the benefited party.
	e) never questioned by the court.

Question 12

The failure to have a license will not render agreements void if the license:

Question 12 options:

	a) is based on examination and schooling.
	b) is a regulatory license.
	c) is a real estate license.
	d) is readily obtainable by payment of a fee.

Question 13

One element involved in the determination of unconscionability is:

Question 13 options:

	a) the comparative bargaining powers of the parties.
	b) the opportunity to make a contract for better terms with someone else.
	c) the course of the economy after the contract is made.
	d) whether a loss will be sustained by performance of the contract.