BUS LAW TEST

TRUE FALSES

39 cards   |   Total Attempts: 182
  

Related Flashcards

Criminal Law-- Texas Penal Code
Law Level 5: Family Law
Expansion Bus Types

Related Topics

Justice Flashcards
Justice
Legal Flashcards
Legal
Constitution Flashcards
Constitution

Cards In This Set

Front Back
  1. Once a mentally impaired person regains his mental capacity he may ratify a contract he made while he was impaired.
TRUE
  1. One of the primary reasons for not enforcing illegal contracts is to deter people from entering into such a grievance in the first place.
TRUE
  1. A court will not enforce illegal agreements but will leave the parties where it finds them.
TRUE
  1. A person who claims to have been victimized by a misrepresentation may cancel the contract only if he/she can show some detriment as a result of the misrepresentation.
TRUE
  1. A mutual mistake is always a ground for recision.
TRUE
  1. Public policy can prevent the delegation of duties.
TRUE
  1. A contract may be enforceable if promissory estoppel applies.
TRUE
  1. The violation of usury laws may require the forfeiture of interest and principle.
TRUE
  1. If time is not of the essence of a contract, the promisee must accept late performance rendered within a reasonable time of when performance was due.
TRUE
  1. Persons who were not originally parties to a contract may claim some interest in it as assignees or donee beneficiaries or creditor beneficiaries.
TRUE
  1. Normally both parties to a contract are discharged when they have completely performed their contractual duties.
TRUE
  1. The destruction of items that the promisor intended to use in performing would not excuse non performance if it just made performance more difficult for the promisor.
TRUE
  1. To make a third party a donee beneficiary the creation of a gift of the contracted performance to the third party must be the promisee’s primary purpose in contracting.
TRUE
  1. A promisor who is guilty of material breach has no right of action under the contract.
TRUE
Bilateral contract is a promise for a promise
TRUE