An agreement that is often unenforceable under common law is a. a contract that

Question

An agreement that is often unenforceable under common law is

a. a contract that contains a broad non-compete clause preventing someone from pursuing a profession or occupation for an excessive amount of time

an unconscionable contract

c. a contract that requires obstruction of justice

a contract that contains a broad release of tort liability for intentional or reckless acts that cause harm to another

all of these

QUESTION 7

The Statute of Frauds requires that

contracts be in writing and signed in order to be legally valid and enforceable

b. fraud in contracts be punished by criminal process

minors be bound to contracts for luxury items

contracts be free from fraud and undue influence

minors be allowed to disaffirm contracts to protect them from fraud by adults

QUESTION 8

Even when a contract is not in writing and signed as required by the Statute of Frauds, it will be valid and legally enforceable if

the parties are both minors

the parties are both adults

the contract is more than one year old

the parties orally agree to waive the writing requirement

the party against whom it is being enforced has started to perform the contract

QUESTION 9

The Statute of Frauds is no longer relevant once the following happens:

the contract is delegated

b. the party against whom the contract is being enforced admits to the existence of the contract in a court proceeding or a court document

both parties breach the contract

the contract is assigned

one party breaches the contract

QUESTION 10

Which of the following is a tool of contract interpretation?

If an amount is given in words and figures that differ, the words control

Common words and terms are given common meaning; technical terms are given their technical meaning

All of these

Specific terms are given more weight than general terms

Ambiguities are construed against the party that wrote the contract

a. a contract that contains a broad non-compete clause preventing someone from pursuing a profession or occupation for an excessive amount of time

an unconscionable contract

c. a contract that requires obstruction of justice

a contract that contains a broad release of tort liability for intentional or reckless acts that cause harm to another

all of these

Explanation / Answer

7.The Statute of Frauds requires that contracts be in writing and signed in order to be legally valid and enforceable.Basis of most modern laws requiring that certain promises must be in writing in order to be enforceable; it was passed by the English Parliament in 1677. In the United States, although state laws vary, most require written agreements in five types of contracts which are covered in this lesson. 8.the party against whom it is being enforced has started to perform the contract;If a buyer has taken partial possession of real or personal property and paid that part of the contract price attributable to the property received, and if the parties cannot be returned to their pre-contractual positions, a court may order that the remainder of the contract be specifically performed;that is, performed according to the precise terms of the contract. Due to time limit only some questions could be answered,the remaining can be asked as another question,they will be answered,thankyou for your cooperation

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