$1.$

Question $1$

Traditionally, contracts

tended to be shorter in civil law countries.

$1$ point

True

False

$2.$

Question $2$

Consideration in contracts

is a common law requirement.

$1$ point

True

False

$3.$

Question $3$

The UN Convention on

Contracts for the International Sale of Goods covers sale of real estate.

$1$ point

True

False

$4.$

Question $4$

Two people can enter into

an agreement in writing that is not legally enforceable.

$1$ point

True

False

$5.$

Question $5$

You offer to sell your car

to Chris for $2000,$ with payment to be made on $23$ February. Chris accepts your offer but changes the date

to $26$ February. You have a

contract.

$1$ point

True

False

$6.$

Question $6$

The Parol Evidence Rule

requires that certain contracts must be in writing.

$1$ point

True

False

$7.$

Question $7$

Lean contracting is limited

to contracts for the lean production of products

$1$ point

True

False

$8.$

Question $8$

To be legally binding, a

contract must be in writing, but a formal document is not necessary.

$1$ point

True

False

$9.$

Question $9$

You want your employees to

sign non$-$compete agreements. These

agreements are not legally enforceable everywhere.

$1$ point

True

False

$10.$

Question $10$

The common law system

relies heavily on case precedent.

$1$ point

True

False