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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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A. it is an obviously bad business deal for one of the parties;/ [3 o6 i, m, I5 c% l9 J9 b
B. the purpose of the contract is illegal;. _, H1 L+ i, p
C. Neither A nor B;/ A8 E" M" ^4 Q+ E/ u
D. Both A and B% Z; [; ~" @3 s3 S/ C1 R5 ~
; h. f9 T" ^! \+ @) b+ x15. 'Consideration' is best defined as the following:, k: U4 p. T7 M- A% g N
! _3 ~+ X* o0 T' N1 O) x6 m- LA. one party doing a favor for the other party;
9 O1 G x& j3 h# p, u' D! S# \B. money paid by one party to another party;( g+ H6 F( m1 S8 ~: n
C. something of value that is exchanged or given by a party;- b: d& x ]2 {! i
D. the thought process that a party goes through in deciding to enter the contract.
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Y6 l" w# y" O6 B5 A! w4 u0 y16. What of the following is an enforceable contract? 2 X; `4 A/ h- f. r9 V& U, n
: @/ x: _ l4 p c P5 \* YA. one that is in writing & T( ^6 d6 n/ `! l3 k5 H, o' Y
B. one that a court will uphold 7 U" V$ W- e6 o" w8 y
C. one that expressly gives the parties a right to sue for breach of the contract . z. b) L: A' M1 v
D. one that was formed by the agreement of both parties
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17. Which of the following best defines duress?
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A. obtaining a contract using threats / Y& w' T" z0 n6 d, z
B. a coercion of will so as to vitiate consent D$ Y4 Y7 U; e! U" E+ X
C. unfairly stating one's financial need for a contract ' D0 H7 H7 a N' k
D. extreme pressure in negotiation |
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