Q1: True or False

1- A contract made by a person who lacks contractual capacity is void. ( T/F)

2-"Trade usage" refers to practices generally adhered to in a particular industry and can be used to clarify an ambiguity a contract. ( T/F)

3-The denial of a license will be reversed on appeal if the decision to withhold the license was arbitrary and capricious.T/F

4-Avoid contract is unenforceable in court.T/F

5-A scientific invention can be copyrighted. T/F

6-Zoning laws can prevent an owner of land from using it to operate a restaurant. T/F

7-If one party to a contract made a unilateral mistake, the contract is voidable. (T or F)

Q2: One of the primary objectives of antitrust laws is:

A)To maintain reasonable prices on goods offered for sale

B)To enhance the ability of manufacturers to transport their products to markets

C)To ensure that all sellers within an industry have more or less equal income

D)To minimize completion in industries with limited markets