Relate to whether the offer, acceptance, and consideration were valid in common-law contracts: A. substantial performance measures B. formation problems C. UCC violations D. fundamental obligations 1 points QUESTION 2 Because the terms of a contract are binding on the contracting parties, contracts are considered: A. private law B. public law C. fiduciary law D. secondary law 1 points QUESTION 3 Under the UCC, one set of rules applies to everyone, and the other set applies to: A. salespeople B. nonprofits C. merchants D. day traders 1 points QUESTION 4 Courts will not apply the parol evidence rule in cases where using outside evidence would help: A. clear up the meaning of ambiguous terms B. show the existence of a typing error C. show the existence of fraud D. all of these choices 1 points QUESTION 5 An agreement involving a set of promises that have not all been completed: A. options contract B. executory contract C. unilateral contract D. in limbo contract 1 points QUESTION 6 An agreement that is missing one of the legal elements of a contract is said to be: A. void contract B. unilateral contract C. in limbo contract D. options contract 1 points QUESTION 7 A defense used when a contract contains substantially unfair terms against the party A. duress B. frustration of purpose C. mistake D. unconscionability 1 points QUESTION 8 Any contract made with a minor is considered a: A. voidable contract B. void contract C. bilateral contract D. unconscionable contract 1 points QUESTION 9 Putting the non-breaching party back to the position she would have been in had the contract not been breached is also referred to as: A. breach B. making someone whole C. express action D. the parol evidence rule 1 points QUESTION 10 A new contract that transfers all rights and duties to the new party to the contract and releases the previous party from further obligations: A. novation B. nullification C. handover D. allocation 1 points QUESTION 11 In Attorney Consultation 4, the attorney says a way to fight against a landlord's personal-guarantee request is to: A. suggest using an escrow account B. supply your credit report C. reference the old lease that was performed D. push for a hold harmless clause 1 points QUESTION 12 In the negotiation 101 video, the _____ style of negotiation is emphasized. A. scorched-earth B. win-win C. Mark Cuban D. win-lose 1 points QUESTION 13 In Sub Saga Scene 4, one character suggests that one way to gain leverage with the landlord is to: A. outgrow the building B. ask for a three-month extension C. identify other nearby rental options D. threaten to withhold lease payments 1 points QUESTION 14 According to Attorney Consultation 4, the attorney states that a key factor to a landlord in negotiations is: A. unpredictability B. the relationship with a tenant C. flexibility D. the projected sales 1 points QUESTION 15 According to the negotiation 101 video, the _____ is the overlap area where a deal can happen. A. expanding circle B. sweet spot C. red target D. bargaining zone