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5 Written questions

5 Matching questions

  1. The adult - responsibility party
  2. Covenant not to compete
  3. 3 Types of Real Estate
  4. Statute of Frauds Enforceable :
  5. Exceptions
  1. a 1) innocent person - justifiably ignorant of the law - purchase life insurance from an unlicensed company can still recover benefits 2) persons induced by fraud, duress, or undue influence - purchase drugs for me or i will kill you.
  2. b 1) sale of goods over $500 2) real estate contracts 3) contracts to pay the debt of another.
  3. c enforceable is reasonable with respect to 1) the line of business 2) the geographic location protected - limited to immediate region 3) the duration - shorter the more reasonable
  4. d 1) sale 2) lease/rent 3) mortgage
  5. e must return the minor to the status quo - i.e., as if the contract never happened. thus, any money will be returned - called the duty of restitution

5 Multiple choice questions

  1. both parties are mistaken regarding a material fact - important to the subject matter of the contract
  2. food, shelter, clothing, medical services, definitely. ( Quasi contract - adults get to recover). Cars, education, working tools, may depend on circumstances.
  3. Fraud ( you have forever to dispute this)
  4. who may enter into a contract
  5. relieve party for liability for ordinary negligence ( ONLY SCARE PEOPLE INTO NOT SUING)

5 True/False questions

  1. Void if1) usury laws - lending money 2) unlicensed professionals - cant collect fees 3) contrary to public policy - any type that would create a poor public policy ( spouse kill spouse)

          

  2. 3 Elements of Unconscionable Contracts1) the parties have unequal bargaining power 2) the dominant party uses this power to enter into an unfair contract 3) the weaker party has no reasonable alternative

          

  3. What is writingbasically any writing can be introduced. must be signed by the defendant.

          

  4. Consideration"Quid pro quo" - something of legal value given for a promise

          

  5. Duress1) usury laws - lending money 2) unlicensed professionals - cant collect fees 3) contrary to public policy - any type that would create a poor public policy ( spouse kill spouse)

          

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