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