Harry had agreed to hire 17-year-old Nathan
as a production worker in his factory. However, before Nathan could start
working for Harry, the
law in the country made it illegal to employ minors in production units. In this scenario, the parties to the contract are discharged from their
duties on the grounds of _____.
alteration of the contract
In which of the following situations do the parties to a contract lack contractual capacity?
When the parties to the contract are from different races
When one of the parties to the contract is intoxicated
When one of the parties to the contract is physically impaired
When the parties to the contract are from different countries
Which of the following statements is true of Sabbath laws?
These laws require parties to enter into contracts only on Sundays for certain business activities.
These laws limit the performance of charity work to Sundays.
These laws limit the types of business activities in which parties can legally engage on Saturdays.
These laws do not apply to contracts for obtaining necessities and anything related to health or survival.
Which of the following falls under Article 2 of the Uniform Commercial Code (UCC)?
Contract for an arbitration agreement
Contract for a joint venture
Contract between an employer and employee
Contract for the sale of a good
_____ are best described as damages parties
to a contract specify in advance in order to prevent a difficult court battle
if there is a particular
kind of breach.
Jason agrees to buy Sara's car for $10,000.
However, Sara tells Jason that she will only sell the car to him if he pays
In this scenario, Sara makes a(n):
Which of the following is true of the mailbox rule?
It applies to
offers accepted or rejected through instantaneous communication, such as over
the phone, in person,
or by telex.
It provides that the acceptance of an offer is valid when the offeree places it in the mailbox.
It provides that a revocation of an offer is valid as soon as the offeror places it in the mailbox.
It prohibits the formation or drafting of contracts over e-mails.
_____ is best described as what a person will receive in return for performing a contract obligation.
When is a contract voidable?
When the contract is entered into by a person adjudicated insane
When the contract is entered into by an intoxicated person who understands his or her contractual obligations
When the contract is entered into by a person adjudicated as a habitual drunkard
When the contract is entered into by a minor
Which of the following occurs when a party to a contract unjustifiably fails to substantially perform his obligations under the contract?
If a party to a contract asks for an
additional amount of money and agrees to do more work than the contract
requires, the result is that the
to do the extra work is valid consideration.
to do the extra work is an illusory promise.
becomes a part of the party's preexisting duty.
becomes an option contract.
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