1 A void contract is one that one party can enforce if they wish.

T/F

2 Each province has a statute that determines the age of majority.

True

False

3 A mistake is a misunderstanding about the terms of the contract.

True

False

4 Labor unions may have limited capacity to enter into contracts.

True

False

5 Contracts with minors for necessaries are enforceable.

True

False

6 A contract made under the threat of violence to the person is void.

True

False

7 A person claiming insanity to set aside a contract must show that:

The insanity was a permanent condition

The other person knew of the insanity

The insanity was only temporary

The other person was not aware of the insanity

8 In online transactions, suppliers have a duty to disclose terms that a reasonable person may not expect in a contract.

True

False

9 Andy agrees to sell his painting to Bill. At the time the contract is made, the painting is destroyed by fire. The legal effect of this contract is:

Enforceable

Voidable

Unenforceable

Void

10 An intoxicated person who does not try to set aside the contract upon becoming sober will be bound by the contract.

True

False

11 Rescission and damages are remedies for fraudulent misrepresentation.

True

False

12 A void contract is one that never existed.

True

False

13 A voidable contract is one that one party can enforce if they wish.

True

False

14 Legality is a contractual element that allows the contract to be evaluated by society.

True

False

15 If a contract conflicts with the interests of society it is against public policy and not enforceable.

True

False

16 A court applies the reasonable person test to determine a mistake.

True

False