Paralegal 041 - Contract Law » 2019 » Chapter 4 Review Materials
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Question #1
A take-it-or-leave-it contract in which one party has all of the bargaining power
A.
Sale Contract
B.
Executory Contract
C.
Adhesion Contract
D.
Executed Contract
Question #2
All parties are mistaken about a basic assumption
A.
Mutual Mistake
B.
Puffing
C.
Fraud in the Inducement
D.
Silence as Fraud
Question #3
Reliance on assertion is reasonable
A.
Mutual Mistake
B.
Fraud in the Inducement
C.
Silence as Fraud
D.
Justifiable reliance
Question #4
An assumption essential to the value of a transaction
A.
Puffing
B.
Adhesion Contract
C.
Bargaining Agreement
D.
Basic Assumption of Fact
Question #5
Fraud relates to the party's motivation in entering the contract
A.
Silence as Fraud
B.
Mutual Mistake
C.
Puffing
D.
Fraud in the Inducement
Question #6
False statement of material fact, made with intent to deceive, on which another reasonably relies, to his detriment
A.
Mutual Mistake
B.
Fraud
C.
Duress
D.
Misrepresentation
Question #7
Ability to influence
A.
Bargaining Power
B.
Adhesion Contract
Question #8
A contract that is so unreasonable that it is "shocking"
A.
Unconscionable
B.
Unilateral Mistake
C.
Extreme Contracts
D.
Puffing
Question #9
An agreement in which a prosecutor and a defendant arrange to settle a criminal case against the defendant.
A.
Contractual Agreement
B.
Criminal Plea Agreement
C.
Bargaining Agreement
D.
Commercial Agreement
Question #10
Where only one party is mistaken about a basic assumption
A.
Misrepresentation
B.
Mutual Mistake
C.
Threat
D.
Unilateral Mistake
Question #11
Relationship in which one person is under a duty to act for the benefit of the other on matters within the scope of the relationship
A.
Attorney-client relationship
B.
Fiduciary Relationship
C.
Friendly relationship
D.
Silence as Fraud
Question #12
Fraud relates to the nature of the agreement
A.
Duress
B.
Silence as Fraud
C.
Fraud in the Execution
D.
Fraud in the Inducement
Question #13
A dominant party takes advantage of that position in entering a contract with party under domination
A.
Undue Influence
B.
Silence as Fraud
C.
Fraud
D.
Duress
Question #14
A party may be excused from contract obligations if an unforeseen circumstance makes performance impracticable
A.
Duress
B.
Mutual Mistake
C.
Fraud
D.
Commercial Impracticability
Question #15
Damages unrelated to loss, intended to punish
A.
Punitive Damages
B.
Indirect Damages
C.
Direct Damages
D.
Compensatory Damages
Question #16
A party has a duty to disclose and knowingly conceals the truth
A.
Mistake
B.
Duress
C.
Misrepresentation
D.
Silence as Fraud
Question #17
False statement made without intent to deceive, upon which a party justifiably relies to his detriment
A.
Fraud
B.
Misrepresentation
C.
Mistake
D.
Duress
Question #18
A wrongful threat, intended to induce action by the other party
A.
Duress
B.
Threat
C.
Misrepresentation
D.
Fraud
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