Bus Law Test MC Flashcards

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38 cards   |   Total Attempts: 182
  

Cards In This Set

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  1. An acceptance is effective as soon as it is dispatched
    1. If the offeree uses an authorized as well as the stimulated means of communication.
  1. A girl wants to buy a guy’s house, she hands him an offer to buy the house and he signs the offer. This is an example of
    1. Bilateral contract.
  1. In general, if the offeree uses a means of accecptance that is slower than that used by the offeror to communicate that offer
    1. It is an unauthorized means of communication.
  1. Saying consideration must be bargained for means that
    1. The consideration given by the promisee must be the consideration the promisor requested in exchange for making his/her promise.
  1. In a contract made by a minor
    1. The contract is voidable.
  1. To create acceptance to an offer for a bilateral contract
    1. Acceptance must always be properly communicated to the offeror.
  1. All of the following under the UCC are ways to communicate acceptance except
    1. A means slower and safer than the way the offer was communicated.
  1. An acceptance is valid if
    1. The communication by non-authorized means is effective when received.
  1. In general, performing a preexisting duty
    1. Is not consideration.
  1. Identify the legal term for settling a disputed claim
    1. Accord and satisfaction.
  1. All of the elements of misrepresentation and the fact that the misrepresentation was knowingly made with the intent to deceive have to be established to prove
    1. Fraud
  1. The difference between duress and undue influence is
    1. The relationship between the parties at the time of the contract
  1. When one guy tries to convince another guy to buy a pre owned car from him while withholding the fact that the car had a mechanical problem indicates
    1. Scienter
  1. There is no voluntary consent in a mutual mistake if
    1. There is untrue belief by both parties about a material fact
  1. Which of the following is a true statement about exculpatory clauses?
    1. When an exculpatory clause is enforced it can effectively relieve a party of liability for his own negligence.