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UHD BA 3301 Quiz Ch. 6 & 7 Questions &Exam (elaborations) answers 100% satisfaction guarantee
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UHD BA 3301 Quiz Ch. 6 & 7 Questions &Exam (elaborations) answers 100% satisfaction guarantee
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A minor may force the concerned adult to complete the contract. - ✔✔Which of the following is trueof contracts with minors?
duress - ✔✔If one party to a contract uses any form of unfair coercion to induce another party to
enter into or modify a contract, the coerced party may avoid the contract on the basis of _____.
discharge - ✔✔The parties to a contract agree on terms and perform the contractual obligations in
good faith in order to complete the contract. This completion is known as _____.
Mutual assent - ✔✔Which of the following elements of a contract pertains to the fact that there is an
offer and agreement between the involved parties?
common law - ✔✔If a hybrid contract is predominantly for services, and the goods are incidental,
then the contract is governed by _____.
Capacity to contract. - ✔✔Linda has signed a two-year-long contract with HNS Inc., a clothing retail
store, to work as a sales trainee. Linda's parents are outraged because Linda is not yet 18 years of
age. In this scenario, which of the following elements of the contract between Linda and HNS Inc. has
most likely been missed?
100%
impossibility - ✔✔When performance of an obligation has become illegal subsequent to the contract
but prior to performance, the contract will most likely be terminated on the basis of _____.
reformation - ✔✔When two parties have imperfectly expressed their agreement and this imperfection
results in a dispute, a court may change the contract by rewriting it to conform to the parties' actual
intentions. This contract modification is called _____.
the damages are a result of the breach of the contract. - ✔✔An aggrieved party is entitled to recover
consequential damages when
The delegator suffers liability for the breach of contract. - ✔✔Parties to a contract may substitute
another party to perform any duties owed under the agreement. Which of the following statements is
true of this act of delegation?
The value of goods versus the value of services. - ✔✔Which of the following factors will a court most
likely examine to determine the source of law governing a hybrid contract?
express, bilateral contract - ✔✔Todd offers to shovel the snow off Maria's patio for $25. Maria agrees
verbally and shakes Todd's hand to sign off on the agreement. When Todd has completed the
shoveling job, Maria pays him the $25. This scenario best illustrates a(n) _____.
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