Unit 2 Contract Review Q 66-80

Test Description: Unit 2 Review Q 66-80

Instructions: Answer all questions to get your test result.

1) The ability to understand that a contract is being made and to understand its meaning is known as

2) Which of the following is an act of ratification?

3) A contract made illegal by specific statute might involve

4) Some legalized forms of gambling might include

5) Some agreements that delay or prevent justice might include

6) When contracts contain very fine print, light typesetting or elements of fraud, duress, undue influence, or misrepresentation they are said to be

7) Professionals such as physicians, teachers, lawyers, and pharmacists must have

8) When the court finds a contract illegal for unconscionability, it can

9) The Uniform Commercial Code governs the sale of

10) Five competing oil and gas companies agree to divide the markets between themselves each agreeing not to open gas stations in the other's markets. This agreement is an example of

11) Lending money at a rate higher than the state's maximum rate is

12) To create a valid offer, the offeror must communicate an intention to create a legal obligation to the offeree with

13) An offer can be terminated by the offeror by

14) Capacity in an organization is created when


*select an answer for all questions

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