Jeopardy T/F 1 T/F 2 MC 1 MC 2 Random Q $100 Q $100 Q $100 Q $100 Final Jeopardy

$100 Question from H1 True or false? Recission is conduct suggesting you intend to be bound by the contract.

$100 Answer from H1 False

The absence of genuine assent will make a contract voidable $200 Question from H1 True or False The absence of genuine assent will make a contract voidable

$200 Answer from H1 True

$300 Question from H1 True or False? Committing an act of violence to obtain a signature on a written contract is duress

$300 Answer from H1 True

$400 Question from H1 True or False? When one party to the contract is in a position of trust and wrongfully dominates the other party, undue influence occurs.

$400 Answer from H1 True

$500 Question from H1 True or False? Signing a contract written in a language you don’t understand will not bind you.

$500 Answer from H1 False

$100 Question from H2 True or False? Material facts are important facts that influence the parties’ decisions about a contract

$100 Answer from H2 TRUE

$200 Question from H2 True or False? In some states, the contract is still valid if the mutual mistake is about the applicable law

$200 Answer from H2 True

Unilateral mistakes create the right to rescind or void the contract $300 Question from H2 True or False? Unilateral mistakes create the right to rescind or void the contract

$300 Answer from H2 False

All persons are presumed to know the law $400 Question from H2 True or False? All persons are presumed to know the law

$400 Answer from H2 True

Punitive damages are a form of punishment $500 Question from H2 True or False? Punitive damages are a form of punishment

$500 Answer from H2 True

$100 Question from H3 In order to be effective, a recission must be ratified, prompt, agreed upon, none of these

$100 Answer from H3 (B) Prompt,

$200 Question from H3 A genuine agreement may be lacking due to duress, fraud, undue influence, all of these

$200 Answer from H3 (D) all of these

$300 Question from H3 In economic duress cases, the courts look at both the threat and the size of the threatened party, both the threat and the place where the threat occurred, both the threat and the alternatives available to the threatened party, none of these

$300 Answer from H3 (C) both the threat and the alternatives available to the threatened party,

$400 Question from H3 Key elements in undue influence are unfair persuasion and relationship, ownership, both a and b, none of these

$400 Answer from H3 (A) Relationship

$500 Question from H3 A mistake from failure to read a contract before signing is called a fraudulent mistake, a mutual mistake, a unilateral mistake, none of these.

$500 Answer from H3 (C) a unilateral mistake

$100 Question from H4 Generally, mistakes that have no effect upon the contract rights of the parties are fraudulent mistakes, mutual mistakes, unilateral mistakes, none of these.

$100 Answer from H4 (C.) unilateral mistakes

$200 Question from H4 In misrepresentation, the statement must be one of slander, fact, opinion, unimportant information

$200 Answer from H4 (B) Fact

$300 Question from H4 Disclosure is required when a statement omits important information about a material fact, is made false by subsequent events, both a and b, none of these.

$300 Answer from H4 (C) Both a and b

$400 Question from H4 Contracts entered into as result of misrepresentation or fraud are voidable by the injured party, the UCC, both a and b, none of these

$400 Answer from H4 (A)the injured party

$500 Question from H4 An untrue statement is not material if the statement would cause a reasonable person to contract the defendant knew this plaintiff would rely on the statement, the defendant knew the statement was false, the statement was an honest opinion

$500 Answer from H4 (D) the statement was an honest opinion

$100 Question from H5 Binding agreement formed by a mutual exchange of legally binding promises

$100 Answer from H5 Bilateral contract

$200 Question from H5 Offer's withdrawal of an offer before it is accepted

$200 Answer from H5 Revocation

$300 Question from H5 Party to whom an offer is made

$300 Answer from H5 Offeree

The person who makes the offer $400 Question from H5 The person who makes the offer

$400 Answer from H5 offeror

$500 Question from H5 Agreement between two parties that creates an obligation

$500 Answer from H5 Contract

Final Jeopardy What are the six elements of a contract

Final Jeopardy Answer Offer Consideration Capacity Legality Writing* Assent