100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Basic Contract Law for Paralegals Chapters 1-8 Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A+ CA$16.74   Add to cart
Quickly navigate to
Preview
  2.  
  3. Paralegal
  4.  
  5. Paralegal

Exam (elaborations)

Basic Contract Law for Paralegals Chapters 1-8 Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A+
 6 views  0 purchase
  • Course
  • Paralegal
  • Institution
  • Paralegal

Basic Contract Law for Paralegals Chapters 1-8 Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A+ Legality The condition of conformity with the law; lawfulness. Usury Charging a rate of interest that exceeds the rate permitted by law. Surrogacy Contract A si...

[Show more]

Preview 4 out of 31  pages

Document information

  • June 1, 2024
  • 31
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • basic contract law for paralegals chapters 1 8

Written for

  • Paralegal
  • Paralegal

Seller

avatar-seller
VasilyKichigin

Reviews received

Content preview

Basic Contract Law for Paralegals Chapters 1 -8 Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A+ Legality ✔✔The condition of conformity with the law; lawfulness. Usury ✔✔Charging a rate of interest that exceeds the rate permitted by law. Surrogacy Con tract ✔✔A situation where a woman who "hosts" the fertilized egg of another woman in her womb or who is artificially inseminated with the sperm of a man who is in a relationship with someone else agrees to assign her parental rights to the donors. Prenup tial Agreement ✔✔An agreement between two independent individuals prior to marriage that sets forth the terms and conditions of the division of property, in the event of a divorce. Covenant Not to Compete (Restrictive Covenant) ✔✔A provision in a contrac t that restricts a party's ability to compete. These often arise in employment or business contracts. Exculpatory Clause ✔✔A clause in a contract or other legal document excusing a party from liability for a wrongful act. Restitution ✔✔A remedy that r estores the status quo. Divisible Contract ✔✔A contract whose parts are capable of separate or independent treatment; a contract that is enforceable as to a part which is valid; even though another part is invalid and unenforceable. Mutual Assent ✔✔A meeting of the minds; consent; agreement. Rescission ✔✔The abrogation, annulment or cancellation of a contract by the act of a party. May occur by mutual consent of the parties. Unconscionability ✔✔A form of contract where a dominant party has taken unfair advantage of a weaker party and has imposed terms and conditions that are unreasonable and one -sided. Fraud ✔✔Deceit, deception, or trickery that is intended to induce, and does induce, another to part with anything of value or surrender some lega l right. Misrepresentation ✔✔A misstatement of fact or omission of fact made innocently, without the intent to deceive. Exculpatory Clause ✔✔A clause in a contract excusing a party from liability for a wrongful act; courts will sometimes enforce such c lauses, but courts do not favor them. Fiduciary Relationship ✔✔A relationship between two persons in which one is obligated to act with the utmost good faith, honesty, and loyalty on behalf of the other. Plaintiff ✔✔A person who brings a lawsuit. Defendant ✔✔The person against whom an action is brought. Mistake ✔✔An error, a misunderstanding; an inaccuracy in contract formation. Mutual Mistake ✔✔A misconception common to both parties to an agreement, each laboring under the same set of facts with respect to a material fact justifying reformation of the contract or rescission. Unilateral Mistake ✔✔A misconception by one, but not both, parties to a contract, with respect to the terms of the contract. Coercion ✔✔The practice of persuading so meone to do something by using force or threats. Duress ✔✔Coercion applied for the purpose of compelling a person to do, or to refrain from doing, some act. Undue Influence ✔✔Inappropriate pressure exerted on a person for the purpose of causing a per son to substitute his or her will for the will or wishes of another. Procedural Unconscionability ✔✔Circumstance where one party to a contract lacks meaningful choice or assent to a contract. Substantive Unconscionability ✔✔Circumstances in which contr act terms are overly harsh or oppressive against one party. Boilerplate ✔✔Language common to all legal documents of the same type; standardized language. Adhesion Contract ✔✔A contract prepared by the dominant party (usually a form contract) and presen ted on a take -it-or-leave -it basis to the weaker party, who has no real opportunity to bargain about its terms. Overreaching ✔✔Taking unfair advantage in bargaining. Installment Contract ✔✔A contract that requires or authorizes the delivery of goods in separate lots.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller VasilyKichigin. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$16.74. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

73091 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$16.74
  • (0)
  Add to cart