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发表于 2008-12-14 17:24
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14. A contract is said to be a 'legally enforceable promise.' However, a court will refuse to enforce a contract if the following is true:; f8 c8 M& z! J9 H3 \7 H& F
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A. it is an obviously bad business deal for one of the parties;
0 F4 z, p: h6 ~2 h* Y: q L5 R+ SB. the purpose of the contract is illegal;5 Y* s& t/ h% ~! Z8 B
C. Neither A nor B;. A0 |7 w9 q, j; `5 |+ I. Q6 }0 q' H
D. Both A and B. @, [" o* E2 r+ ?
4 B. }3 P ~3 @, g2 ~15. 'Consideration' is best defined as the following:
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A. one party doing a favor for the other party;0 H5 d+ D# n3 z2 |# `) i
B. money paid by one party to another party;
' d$ i0 O, l2 m2 m8 `C. something of value that is exchanged or given by a party;# y' T4 U9 |+ p
D. the thought process that a party goes through in deciding to enter the contract.
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16. What of the following is an enforceable contract?
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A. one that is in writing
% }: U. u- h3 y: d3 u! q" J) @; JB. one that a court will uphold
5 `: N; t5 A0 k: R, OC. one that expressly gives the parties a right to sue for breach of the contract
" V, S3 Q, J; ?& Z: A+ m; x, dD. one that was formed by the agreement of both parties
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17. Which of the following best defines duress? " {. d, X) V8 G6 W4 C- _7 v2 O% m
" V5 z5 k& f$ O: m/ p* u& g7 SA. obtaining a contract using threats
( @( O8 y0 {# V, WB. a coercion of will so as to vitiate consent 5 X2 \2 T8 D- Q
C. unfairly stating one's financial need for a contract
, I6 P% O7 x4 j- a3 ~. G& L! R7 TD. extreme pressure in negotiation |
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