Question 24 When a party enters a contract that proves to be a bad bargain: O Court will usually conclude the contract is fraudulent; O The injured maria.r is never bound by the terms of the contract 0 Courts will usually regard the party as still bound bvthe contract 0 Courts will rewrite the contract to make the exchange of values more fair Question 27 3% Oxley contracts to buy a pizza oven from Restaurant Supplies Warehouse {RSW} for $2,500. but RSW fails to deliver. Oxleyr then proceeds to nd and buyr the pizza oven elsewhere for $3,500 so that he will not have to close the restaurant and lose prots. Oxley's actions in nding another oven and purchasing it are best described as which of the following? 0 Rescission of Contract 0 Mitigation of damages. 0 Exercising a liquidated damages clause. 0 Insuring that Oxley will have no direct damages from the breach: Question 28 A would include the contracting parties' agreement to substitute in a party to perform services that were originally to be performed by one of the original contracting O parties. O Accord O Mutual Rescission O Novation O SatisfactionQuestion 29 Which of the following is a true statement concerning ambiguity in a contract? 0 C. An ambiguity in a written contract is resolved against the party who drafted the contract. 0 B. Ambiguity exists when a term or terms in a written contract are unclear because the term(s} could be interpreted to have two reasonable. but conicting meanings O A. If the ambiguity is in a nal written contract. the acceptance of other evidence to resolve the ambiguity can be received as an exception to the parol evidence rule. 0 A and B are correct answers. Q A. B. and C are all correct answers. Question 30 Which of the following is the main reason for including a "merger clause" in a written contract? O insuring that the Statute of Frauds is fulfilled O insuring the writing is considered final for purposes of the parol evidence rule O insuring that all warranties are disclaimed by the merger clause. O insuring that the contract is supported by consideration