QUESTION 33 Which of the following is an example of a contract that lacks capacity? O...

 

  
 
 

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QUESTION 33 Which of the following is an example of a contract that lacks capacity? O A contract entered into by a minor O A contract entered into by a mentally incapacitated person O A contract entered into by a person under the influence of drugs or alcohol O All of the answers are correct QUESTION 34 When can a contract be discharged by frustration? O a. When both parties agree to cancel the contract O b. When unforeseen circumstances make performance impossible O c. When one party breaches the contract O d. When one party fails to perform their obligations QUESTION 35 Which of the following is a requirement for a contract to be considered legal? O a. The contract must be in writing. b. The contract must be signed by both parties. c. The contract must involve a monetary exchange d. The contract must not violate any laws or public policy. QUESTION 36 Promissory estoppel is a doctrine that O a. Allows a party to enforce a promise even without consideration O b. Requires a contract to be in writing to be enforceable c. Requires both parties to provide something of value in a contract Od. Allows a party to cancel a contract due to a mistake QUESTION 37 Which of the following is a remedy available only to the non-breaching party? O a. Replevin O b. Reformation c. Rescission. d. Restitution QUESTION 38 What is the legal term used to describe a contract that is enforceable by one party but not the other? O a. Executed contract O b. Unenforceable contract c. Voidable contract O d. Unilateral contract QUESTION 33 Which of the following is an example of a contract that lacks capacity? O A contract entered into by a minor O A contract entered into by a mentally incapacitated person O A contract entered into by a person under the influence of drugs or alcohol O All of the answers are correct QUESTION 34 When can a contract be discharged by frustration? O a. When both parties agree to cancel the contract O b. When unforeseen circumstances make performance impossible O c. When one party breaches the contract O d. When one party fails to perform their obligations QUESTION 35 Which of the following is a requirement for a contract to be considered legal? O a. The contract must be in writing. b. The contract must be signed by both parties. c. The contract must involve a monetary exchange d. The contract must not violate any laws or public policy. QUESTION 36 Promissory estoppel is a doctrine that O a. Allows a party to enforce a promise even without consideration O b. Requires a contract to be in writing to be enforceable c. Requires both parties to provide something of value in a contract Od. Allows a party to cancel a contract due to a mistake QUESTION 37 Which of the following is a remedy available only to the non-breaching party? O a. Replevin O b. Reformation c. Rescission. d. Restitution QUESTION 38 What is the legal term used to describe a contract that is enforceable by one party but not the other? O a. Executed contract O b. Unenforceable contract c. Voidable contract O d. Unilateral contract

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The detailed answer for the above question is provided below 31 c Valid contract QUESTION 32 b To provide a specific amount of damages in case of breach QUESTION 33 d All of the answers are correct QU... View the full answer