Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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An example of lack of contractual capacity
is
a. | A minor | c. | A
person on drugs | b. | A
drunk | d. | All of the above |
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2.
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An example of a contract malum se
is
a. | A contract in restraint of trade | c. | A contract for gambling | b. | A contract that is
usurious | d. | A contract that violates the Statute of
Frauds |
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3.
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“Necessaries” do not
include
a. | Transportation | c. | Insurance | b. | Education | d. | Medical Care |
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4.
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The Statute of Frauds
a. | Is concerned with
misrepresentation | c. | Is a common law
doctrine | b. | Is concerned with perjury | d. | Is a federal
standard |
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5.
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Court doctrines used to interpret contracts
are
a. | Precedents | c. | Stare
decisis | b. | Statutory regulations | d. | Rules of
construction |
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6.
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The Parol Evidence Rule prohibits oral testimony
that
a. | Shows failure of consideration | c. | Shows fraud | b. | Explains
ambiguities | d. | Varies the terms |
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7.
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The difference between fraud and misrepresentation
is the element of
a. | Intent | c. | Materiality | b. | Detriment | d. | Believability |
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