Business Law Unit 3 Test Review

Mr. Cochrane ties a potential client to a chair and forces them to sign a contract

Keeping a spouse from getting rights to property brought in a marriage

A proposal for something in return for someone else doing or not doing something in return

Which of the following is NOT an example of a detriment

When a single woman and man live together and share property over a pro-longed period of time

A legal procedure for declaring that a voidable marriage is null and void

An error on the part of one of the parties to the contract 

If someone other than the person you intended to contract with accepts your offer it is legal

To be an enforceable contract the acceptance must include which of the following

This is an agreement between two or more parties that creates obligations

I offer you a contract that has an early termination clause, this is an example of what?

If I promise to go to a football game and then do not show up, did I break a contract?

Support paid the wage earner of the family to the other spouse

Which of the following is NOT an example of an agreement without consideration

Which of the following is a good example of promissory estoppel?

In which of the following situations could a minor void their contract?

If I agree to not do something I am legally allowed to do, this is called what?

Even if a minor claims to be over the age of majority, they still have not committed fraud

Which of the following is NOT an example of requirements some states have before marrying

A deliberate deception to secure an unfair or unlawful gain

The exchange of benefits and detriments by the parties to an agreement

Gambling agreements can be enforced by the court

In the past if only one party wants out of a marriage contract they could file this lawsuit

Generally speaking, the US court systems do not care about the adequacy of consideration

Which of following is NOT something that must be in a contract to be legally enforceable

When both parties have the legal ability to contract for themselves

When both parties are mistaken about some important fact in a contract

Which of the following is NOT an example of the three things that must be present in an offer

Any loss suffered in a contract

What does it mean if a judge rules a contract unconscionable?

The agreement must involve both sides receiving what the law considers value in some form

Parents may use reasonable force to discourage their child from seeing an individual

Something that  party was not previously entitled to receive

Minors are held responsible for the fair value of necessaries

There are many ways an offer can be ended, which of the following is NOT one of them

Which of the following is NOT one of the five elements that must be proven when suing for fraud