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5 Written questions

5 Matching questions

  1. Consideration
  2. Insurance
  3. Rules of Interpretation
  4. Assumption of Risk
  5. Remedies
  1. a promise of reimbursement in the case of loss
  2. b A court will award money or other relief to a party injured by a breach of contract
  3. c exchange of things of value
  4. d Court looks at the whole over parts. Court looks at written or typed over printed words.
  5. e voluntarily and knowingly subjecting oneself to danger

5 Multiple choice questions

  1. a court will award money or other relief to a party injured by a breach of contract
  2. The forced performance of an act under threat, violence, or pressure
  3. a type of business with limited liability for the owners with the advantage of not paying corporate income tax (abbreviation)
  4. a business owned and controlled by one person.
  5. An obligation that cannot be given to a 3rd party

5 True/False questions

  1. Implied Warrantyan unwritten guarantee that the good or service is fit for the purpose for which it was sold

          

  2. Compensatory Damages(law) compensation for losses that can readily be proven to have occurred and for which the injured party has the right to be compensated

          

  3. Proximate Causeis 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.

          

  4. Cause in Facta contract that heavily restricts one party while leaving the other free (as some standard form printed contracts)

          

  5. Mirror Image Rulemeans that the terms stated in the acceptance must exactly mirror or match the terms of the offer

          

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