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Contract Law Unit Test I
Test Description: Good luck!
Instructions: Answer all questions to get your test result.
1) When one party used an improper threat or act to obtain an expression of agreement is known as D-_________.
A
Directive
B
Distress
C
Dominating
D
Duress
2) All contracts require payments or exchanges of value, this is known as C-_____________.
A
Contractual Pay
B
Consideration
C
Correctives
D
Cash
3) The ability for someone to fully understand that contract is being made and that there are consequences is contractual C-____________.
A
Compound Functioning
B
Contentedness
C
Capacity
D
Consciousness
4) Legal obligations created by a contract are called contractual D-____________.
A
Decisions
B
Duties
C
Duress
D
Directives
5) Failure to provide complete performance is a(n) B-_____ of Contract.
A
Breach
B
Break
C
Blockade
D
Barrier
6) Laws that set a time limit for injured parties to seek remedies is known as _________ of limitations.
A
Remedy
B
Element
C
Pillar
D
Statute
7) Accepting less than what you are owed to end a contractual agreement is known as A-____ and S-____
A
Acceptance and Satisfaction
B
Accord and Solution
C
Accrual and Sameness
D
Accord and Satisfaction
8) Legal contracts must have a(n) established E-____ date.
A
Equity
B
End
C
Expiration
D
Essay
9) Requires that the terms in the acceptance must exactly match the terms contained in the offer.
A
Revenue License
B
Contractual Duties
C
Contractual Duties
D
Mirror Image rule
10) One party in a position of trust wrongfully dominates the other party in a contract
A
Undue Influence
B
Compensatory Damages
C
Void Marriage
D
Misrepresentation
*select an answer for all questions
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