MGT315 Chapt 7-13 Review

In a novation:

Your hearse backs into a family car, what type of damages will your firm owe to cover the damages

A contract formed by two adults to purchase a funeral home is:

Term used when a voidable contract is rejected:

A man with a history of depression signs a SOGAS with you, the contract is:

Fully executed contract is later discovered to have violated the Statute of Frauds, courts generally will:

Advantages of a written contract include all EXCEPT:

Duress

Which of the following mistakes invalidate a contract?

A prudent funeral director should make a funeral contract with a minor

Three sons sign a funeral contract "we, and each of us, promise to pay"

Fraud

General rule that states written contracts may not be modified by oral testimony is called:

A funeral home that contracts its embalming to a trade embalmer is utilizing:

Which is not a form of contractdischarge by "Operation of Law"

Announced intention of a party NOT to perform contractual obligation is:

Statute of Frauds requires sales of goods to be in writing if the amount is

The person making the assignment is called the assignee

Amount built into contract (for breach) when damages are difficult to measure:

A contract formed by a person incarciated in a state mental health facility is:

Voluntary promise to contribute to a charitable organization

Usary

Recind

Transferring the rights of an insurance policy to a funeral home to pay funeral expenses

Physical threats that compel a contract to be made constitute undue influence

Contract between 2 or more people is legally presumed to be:

A funeral director must make arrangements with a person who appears intoxicated.

A 17 year old comes in to make funeral arrangements, you should advise him to

A prudent funeral director should make arrangements alone with an elderly or infirm person.

Business contracts are largely regulated by:

Transfer of duties without a transfer of rights is the legal definition of

One person makes a promise, the other person acts in reasonable reliance of that promise - can be enforced by

All of the following are considered types of fraud except:

Statements of personal opinion constitute fraud

The beneficiary on an insurance policy is considered is a creditor beneficiary.

Courts will permit oral testimony to modify the terms of a written contract when there is evidence of fraud

Rights for personal services can be assigned

The law calls "being helpless in the hands of another"

Undue Influence

A contract with a 16 year old who operates his own wedding photography service is:

A minor who intentionally misrepresents their age can be sued for doing so.

Person who unintentionally benefits from the performance of a contract:

"Quid pro quo" means

What a promisor requires as the price for a promise is:

Signing over an insurance policy to cover funeral expenses is known as:

Contract with a person who has been judicially declared "insane" is:

Obtaining consent by means of a threat:

Originating in England. The __________ will dictate what types of contracts need to be in writing

One of the parties fails (or refuses) to perform the obligations of a contract

The term used to denote a relationship based on a high degree of trust: