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5 Written questions

5 Matching questions

  1. Unconscionability
  2. Offer and Acceptance
  3. Common Law
  4. Freedom of Contract
  5. Professional Liability Insurance
  1. a a system of jurisprudence based on judicial precedents rather than statutory laws
  2. b lets the parties contract on whatever terms they agree upon. Rules of contract formation are relaxed to be sure and confirm the parties intentions of contract
  3. c Creates a power of acceptance from the offering party to the potential accepting party. Contract will be formed if they sign it.
  4. d Insurance that protects directors, officers, employees, and organizations against claims of negligence in the performance of professional services. Cover's all of users work
  5. e Unconscionability is generally not a defense against enforcement. Unconscionability can be substantive, i.e. the terms are unfair, or procedural, i.e. the process was unfair.

5 Multiple choice questions

  1. is the cause that immediately and directly results in a specific event. if a person can eleminate any one of the 4 elemants, the lawsuit will not be successful.
  2. guarantees that the selected contractor will enter into a contract with the owner for the bid price
  3. a failure to perform some promised act or obligation
  4. Practice routinely followed by agroup of people.
  5. a written guarantee

5 True/False questions

  1. Rules of InterpretationOccurs when one party to a contract is not given full or accurate information by the other party about the contract subject matter

          

  2. Misrepresentationforecasts about future costs

          

  3. Statute of FraudsThe body of law enacted by legislative bodies (as opposed to constitutional law, administrative law, or case law).

          

  4. Non-delegable dutynot deserving blame

          

  5. Statute of Limitationsa statute prescribing the time period during which legal action can be taken

          

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