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BUAD 3355 Exam 2 (Ch.15-19) with complete verified solutions
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BUAD 3355 Exam 2 (Ch.15-19) with complete verified solutions
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BUAD 3355 Exam 2 (Ch.15-19) withcomplete verified solutions
A unilateral mistake does not generally afford the mistaken party a
right to relief from the contract.
True or False
True
If both parties are mistaken as to the same material fact, neither
party can rescind the contract.
True or False
False
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To commit fraud, one party must intend to mislead another.
True or False
True
To rescind a contract for fraud, a plaintiff must prove that he or she
suffered an injury.
True or False
False
, Threatening a civil suit does not normally constitute duress.
True or False
True
A contract entered into under undue influence is voidable.
True or False
True
Adhesion contracts are always enforced.
True or False
False
If a person believes a statement to be true, he or she cannot be held
liable for misrepresentation.
True or False
False
If both parties are mistaken as to the market value of the object of
their contract, either party can rescind.
True or False
False
When the dominant party in a fiduciary relationship benefits from
that relationship, a presumption of undue influence arises.
True or False
True
A contract that cannot by its own terms be performed within a year
must be in writing to be enforceable.
True or False
True
A promise to answer for the debt of another must always be in
writing to be enforceable.
True or False
False
A promise on which a promisee justifiably relies to his or her
detriment will not be enforced unless it is in writing.
True or False
False
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