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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:
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2 e4 ~' w, ]; s, xA. it is an obviously bad business deal for one of the parties;
8 E# \0 j, p: k( V' YB. the purpose of the contract is illegal;$ H3 S0 b% `" E0 h% q
C. Neither A nor B;: A7 i ?% C0 a+ w
D. Both A and B6 A5 r3 ^" H, J# z7 G- ]
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15. 'Consideration' is best defined as the following:
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A. one party doing a favor for the other party;
% w9 U0 T) }: M9 H" E! v+ ?3 l2 u3 ]B. money paid by one party to another party;
9 ]$ a c! t+ pC. something of value that is exchanged or given by a party;: j+ v9 Q" ~7 Y0 u5 s5 Q. O+ X. h2 Z
D. the thought process that a party goes through in deciding to enter the contract.4 l! H, L+ W% B5 P- `6 L& E- h
. x k4 M" E4 u9 ~. t) h- h: s16. What of the following is an enforceable contract? " g+ V( N* r+ R* l3 r
0 _' P- E/ e+ V. q6 _A. one that is in writing # w. }- r; {6 U4 K
B. one that a court will uphold ) ]* `0 t+ Q; r+ ]4 [" y+ V# [
C. one that expressly gives the parties a right to sue for breach of the contract
4 \( c. B) G) P6 _+ |, g$ TD. one that was formed by the agreement of both parties
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17. Which of the following best defines duress? ) }4 A% u4 B4 ?4 P# E" O2 @
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A. obtaining a contract using threats & |9 h- D2 L9 U5 O c
B. a coercion of will so as to vitiate consent ; f1 c1 k2 G' X+ F* w
C. unfairly stating one's financial need for a contract
9 r7 s/ g/ \; T" DD. extreme pressure in negotiation |
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