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5 Written questions

5 Matching questions

  1. Mutual Mistake
  2. Statute of Frauds
  3. Necessaries
  4. Court can either
  5. Legal Value
  1. a food, shelter, clothing, medical services, definitely. ( Quasi contract - adults get to recover). Cars, education, working tools, may depend on circumstances.
  2. b Certain contracts must be in writing to be enforceable
  3. c both parties are mistaken regarding a material fact - important to the subject matter of the contract
  4. d refuse to enforce it or alter to make reasonable
  5. e Promisor receives a legal benefit or the promisee suffers a legal detriment

5 Multiple choice questions

  1. rendered before the promisor's promise was made - not valid consideration - not bargained for
  2. defendant needs to sign it the only one who needs to sign.
  3. when one party takes advantage of another person's mental, physical, or emotional weakness and unduly persuades that person into a contract. Need a fiduciary type relationship - attorney, CPA, doctor, etc. (Elderly People)
  4. 1) sale of goods over $500 2) real estate contracts 3) contracts to pay the debt of another.
  5. basically any writing can be introduced. must be signed by the defendant.

5 True/False questions

  1. Misrepresentationrendered before the promisor's promise was made - not valid consideration - not bargained for

          

  2. Legal insanityperson must be incapable of understanding or comprehending the nature of the transaction.

          

  3. Pre-existing duty ruleis required to return the incompetent party to the status quo. incompetent party will be required to return the property in its current condition.

          

  4. Illegal contracts are voidperson must be incapable of understanding or comprehending the nature of the transaction.

          

  5. Contracts that lack considerationrendered before the promisor's promise was made - not valid consideration - not bargained for

          

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