Paralegal 041 - Contract Law » 2019 » Chapter 6 Review Materials
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Question #1
The parties are equally at fault
A.
Pyramid Scheme
B.
Blue Penciling
C.
In pari Delicto
D.
Malum Per se
Question #2
Relationship where parties have equal power to negotiate terms
A.
Arms Length Transaction
B.
In Pari Delicto
C.
Sunday Statute
D.
Hold Harmless Clause
Question #3
Prohibits certain transactions on Sundays; see Blue Law; like sale of liquor
A.
Usurious Contract
B.
Hold Harmless Clause
C.
Pyramid Scheme
D.
Sunday Statute
Question #4
Prohibits certain transactions on Sundays
A.
Blue Law
B.
Acceleration Clause
C.
Pyramid Scheme
D.
Severable
Question #5
False statements that hurt the reputation of another
A.
Usurious Contract
B.
Slander
C.
Tortious
D.
Acceleration Clause
Question #6
Provision that attempts to excuse a party from liability for that party's torts
A.
Sunday Statute
B.
Exculpatory Clause
C.
Indemnification Clause
D.
Acceleration Clause
Question #7
Causes payments to become immediately due upon the happening of stated event
A.
Indemnification Clause
B.
Acceleration Clause
C.
Exculpatory Clause
D.
Malum Prohibitum
Question #8
Multi-level arrangement in which money is made by recruiting new people
A.
Hold Harmless Clause
B.
Malum Prohibitum
C.
Malum In Se
D.
Pyramid Scheme
Question #9
One party agrees to compensate other for losses arising from contract; see Indemnification Clause
A.
Hold Harmless Clause
B.
Exculpatory Clause
C.
Blue Penciling
D.
Indemnification Clause
Question #10
Not good for society
A.
Contrary to Public Policy
B.
Confession of Judgment
C.
Usurious Contract
D.
Malum Prohibitum
Question #11
Legitimate financial interest in a person
A.
Insurable Interest
B.
Usurious Contract
C.
Insurable Interest
D.
Slander
Question #12
Remainder of agreement can be enforced without unenforceable provision contained in the agreement
A.
In Pari Delicto
B.
Covenant Not to Compete
C.
Severable
D.
Slander
Question #13
Not inherently bad; less serious
A.
Malum In Se
B.
Malum Prohitum
C.
Contrary to Public Policy
D.
Tortious
Question #14
A clause that permits immediate entry of judgment without notice or an opportunity to present defenses
A.
Arms Length Transaction
B.
Confession of Judgment
C.
Indemnification Clause
D.
Acceleration Clause
Question #15
One party agrees to compensate the other for losses arising from the contract; see Hold Harmless Clause
A.
Malum Per Se
B.
Tortious
C.
Indemnification Clause
D.
Arms Length Transaction
Question #16
Inherently bad
A.
Bluen Penciling
B.
Malum Per Se
C.
Pyramid Scheme
D.
Malum In Se
Question #17
Constituting a tort
A.
Tortious
B.
Contry to Public Policy
C.
Slander
D.
Consumer Loan
Question #18
Loan for personal or family purposes
A.
Acceleration Clause
B.
Consumer Loan
C.
Exculpatory Clause
D.
Usurious Contract
Question #19
Charges an illegal rate of interest on a loan
A.
Malum Prohibitum
B.
Pyramid Scheme
C.
Contrary to Public Policy
D.
Usurious Contract
Question #20
Provision under which party agrees to refrain from engaging in specified business activities ("non-compete")
A.
Hold Harmless Clause
B.
Confession of Judgment
C.
Indemnification Clause
D.
Covenant Not to Compete
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