This is a law quiz i have 20 mins please answer all the questions correctly please helpp

QUESTION 10

In determining how a contract dispute should be decided, the Courts will look at the relative bargaining power of the parties and side in favour of the stronger party.

True

False

1 points

QUESTION 11

The parol evidence forbids outside evidence as to the terms of a contract if the language of the contract is clear and the document is intended to be the sole source of contractual content.

True

False

1 points

QUESTION 12

Businesses do not have to act in good faith in contract law matters, unless there is a "good faith" term in the contract.

True

False

1 points

QUESTION 13

Joe and Jane are negotiating a contract for Joe to purchase Jane's business. During negotiations, Jane lies about the value of the business' assets to make the business seem larger and based on these figures, Joe signs the contract. This contract will be enforced if Joe later takes Jane to Court.

True

False

1 points

QUESTION 14

Two people can enter into a valid contract for the sale of 1000 kg of cocaine in Canada.

True

False

1 points

QUESTION 15

Businesses should always start a legal action if a party breaches the terms of a contract.

True

False

1 points

QUESTION 16

When does a contract come into existence?

a.

When the lawyers bill for their services.

b.

When there is acceptance of an offer.

c.

When both parties shake hands to confirm their agreement.

d.

When all the contract paperwork is signed.

1 points

QUESTION 17

Consideration, in the context of contract law, is:

a.

A price paid for a promise.

b.

A payment or reward.

c.

Proof of a valid contract.

d.

Giving thought to the other party's position.

1 points

QUESTION 18

Why is it better to have a written contract versus a verbal one?

a.

Only written contracts are legal.

b.

Formality is a requirement of the Canadian legal system.

c.

Having a written contract provides greater certainty of the terms that the parties agreed to.

d.

Lawyers earn more fees if they make written contracts.

1 points

QUESTION 19

What are "rules of construction"?

a.

Rules that govern the construction of all new buildings in Ontario.

b.

A book of rules that lawyers must read before drafting a contract.

c.

Guiding principles that courts will use to interpret a contact.

d.

Rules for procedure in court